Eaze Technologies Inc., once known as "the Uber of Weed" with a peak valuation of $700 million, is poised for a major comeback as Eaze Inc., backed by a $10 million Series B funding round.
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The investment, led by FoundersJT after acquiring Eaze at auction, signals a fresh start under new ownership following a loan foreclosure by Netscape co-founder James Henry Clark. With this capital, Eaze Inc. aims to rebuild its footprint across California, Colorado, Florida, and Michigan by reopening seventy locations, including retail stores and delivery hubs.
The revitalization plan focuses on expanding operations and infrastructure, including the recruitment of over 1,000 employees and increasing Florida's production capacity by doubling its flowering canopy to 64,000 square feet. Additionally, Eaze Inc. plans to enhance delivery services with scheduled options, introduce new market-specific products, and foster partnerships tailored to regional markets.
CEO Cory Azzalino, who led Eaze Technologies before the acquisition, underscored the company’s commitment to sustainable growth and innovation, emphasizing the importance of this new investment for the company's long-term success. “This investment will allow us to strengthen our supply chain, enhance the customer experience, and set the foundation for long-term success,” Azzalino stated, signaling a renewed focus on customer satisfaction and operational resilience.
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