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Eaze

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uuid00009ff

Namestring
Eaze
Legal namestring
Eaze Inc.
Websiteurl
eaze.com
Company typeenum
Private
Founded yearint
2014
Descriptiontext

Eaze is a California-headquartered cannabis delivery marketplace that connects adult consumers (21+) with licensed dispensaries and curated brands through its owned web and mobile platform. The company operates on-demand delivery across 12+ California cities — including Los Angeles, San Francisco, San Diego, Oakland, Sacramento, and San Jose — 365 days a year from 9 AM to 10 PM PST, with coverage extending to apartments, hotels, and residences. Its product surface spans flower and prerolls, vapes, edibles, concentrates, wellness/tinctures/capsules, and accessories, with 800–1,400+ SKUs and 79–104 brands per market depending on geography. Proprietary merchandising differentiates the experience: an algorithmic curation system tailors assortment by consumer experience level and price range, and the 'Cannabis for a Cause' shelf highlights women and BIPOC-owned brands as a social-impact differentiator.

The underlying technology is a vertically integrated marketplace and delivery stack supporting real-time ordering, delivery tracking, and location-based assortment. Eaze also operates an own-brand accessories line (510-thread batteries, rolling papers, lighters, button batteries) sold alongside third-party SKUs. The business model is primarily transaction-based: Eaze charges dispensary partners a commission or take rate on each completed delivery order, supplemented by margins on own-brand accessory sales and exclusive brand launch partnerships (e.g., the Koala Puffs x Kanha Peach Paradise CBD:THC gummy in April 2026). Marketing relies on owned digital channels (SEO-optimized city pages, app), creator/influencer partnerships, brand co-marketing with featured dispensaries, and a referral program — paid digital advertising is constrained by cannabis advertising regulations.

Eaze was an independent private company from its 2014 founding until its 2025–2026 acquisition by Vireo Growth Inc. (NASDAQ: VREO), a Minnesota-based cannabis multistate operator, in an all-stock transaction valued at approximately $47 million. The deal closed in April 2026, making Eaze a wholly-owned subsidiary of Vireo and expanding the combined MSO to 166 dispensaries across 10 states. Eaze's acquisition price represents a steep decline from its roughly $700 million peak valuation during the 2018 venture funding cycle, with the company's history including a 2021 executive bank fraud conviction and an aborted Green Dragon acquisition that had targeted a combined $10 billion valuation.

Short descriptiontext

Eaze is a California-headquartered cannabis delivery marketplace that connects adult consumers with licensed dispensaries through on-demand delivery across 12+ California cities, operating a curated assortment of 800–1,400+ SKUs from roughly 80–104 brands, and monetizing via transaction fees and own-brand accessories.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersDenver, United States
HQ citystring
Denver
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
cannabis delivery, cannabis marketplace, dispensary delivery, on-demand cannabis, cannabis e-commerce
Industry1 code
1Vape & E-Cig Online Retail (DTC & Marketplaces)
CodeCRANAEABPrimaryYes
NAICS code1 code
  • Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers459991
Product category
Cannabis Delivery Marketplace
Social media profiles3 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Cannabis Product Sales (Transaction Fee / Marketplace Commission)
TypeTransaction Fee
Description

Eaze earns revenue by facilitating transactions between consumers and licensed dispensaries through its platform. The platform charges dispensaries a commission or transaction fee on each completed delivery order. Eaze also sells its own branded accessories (e.g., Eaze 510 Battery, Rolling Papers).

eaze.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Pricing details1 tier
1Delivery fee structure not publicly disclosed on website
ModelTransaction based/ take rate
Notes

No delivery fee details published. Individual product prices range from ~$4 (drinks) to $125 (premium flower). Eaze-branded accessories start at $1.

eaze.com
GTM typeB2C
B2C
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Core offering1 text field

Eaze is an online marketplace and technology platform that connects adult consumers with licensed California dispensaries and cannabis brands for on-demand delivery of THC and CBD products including flower, vapes, edibles, concentrates, and wellness items across 12+ California cities. The platform also retails its own branded accessories such as the Eaze 510 Battery, Rolling Papers, MAX 380 Button Battery, and White Clipper Lighter.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Eaze expands to 166 dispensaries across 10 states as part of Vireo Growth acquisition
+1 more record
Product overview1 text field

Eaze is a California-based cannabis delivery platform operating as a marketplace connecting consumers with licensed dispensaries and brands. The platform offers on-demand delivery of THC and CBD products across California, with coverage spanning major metropolitan areas including Los Angeles, San Francisco, San Diego, Sacramento, Oakland, San Jose, and surrounding regions. The product portfolio includes a curated selection of third-party brands across categories including Flower & Prerolls, Vapes, Edibles, Concentrates, Wellness/Tinctures/Capsules, and Accessories. Eaze also sells proprietary accessories under its own brand (Eaze 510 Battery, Eaze Rolling Papers, Eaze MAX 380 Button Battery). The platform features location-based delivery services available 365 days a year from 9:00 AM to 10:00 PM PST.

Product and service5 records
1Eaze Delivery Platform
CategoryCannabis Delivery Marketplace
Description

Web and mobile cannabis delivery marketplace connecting adult consumers (21+) with licensed California dispensaries and brands; enables browsing, ordering, and delivery of flower, vapes, edibles, concentrates, and wellness products across Los Angeles, San Francisco, San Diego, Sacramento, Oakland, San Jose and other California cities.

2Eaze 510 Battery
CategoryOwn Brand Accessory
Description

Proprietary vaping battery sold under Eaze's own brand, compatible with standard 510-thread cartridges. Available in Blue and Gradient color variants.

3Eaze Rolling Papers
CategoryOwn Brand Accessory
Description

Brand-label rolling papers sold as an accessory on the Eaze platform.

4Eaze MAX 380 Button Battery
CategoryOwn Brand Accessory
Description

Proprietary 380mAh button battery sold under Eaze's accessory line for vaping devices.

5Eaze White Clipper Lighter
CategoryOwn Brand Accessory
Description

White Eaze-branded Clipper lighter accessory sold on the platform.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierMinorTypeGTM or Marketing PartnerAnnounced on2026-04-07
Description

Kanha by Sunderstorm launched a limited-edition CBD gummy called Peach Paradise in partnership with digital influencer Koala Puffs and California-based delivery platform Eaze. The launch leveraged creator-led marketing to reach consumers directly through social media and digital communities. The product was released exclusively via Eaze with a meet-and-greet event scheduled for April 11, 2026.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2021-08-18
Description

Eaze, a California-based delivery platform, announced acquisition of Green Dragon, a multistate cannabis retailer, expanding Eaze's operations into Colorado and Florida. The combined company was valued at nearly $10 billion and would cover 42 locations, pending regulatory approval. This deal would have made Eaze the nation's largest MSO delivery operation and the biggest California-headquartered MSO. Note: This acquisition was later superseded by Eaze being acquired by Vireo Growth.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Lantern is a cannabis e-commerce and delivery platform serving dispensaries and consumers. It operates in California and other states and is a direct competitor to Eaze's delivery marketplace model.

TypeDirect peer
Description

Flowhub provides cannabis retail management and e-commerce software for dispensaries, including online ordering and delivery workflows. It competes with Eaze on the dispensary-facing technology layer.

TypeEmerging player
Description

Strainprint is a cannabis data and patient-tracking platform with consumer-facing tools. It is adjacent to Eaze's cannabis consumer experience and could compete or partner around data-driven product curation.

TypeDirect peer
Description

Jane is an e-commerce and marketing platform for cannabis dispensaries offering online ordering and delivery. It is one of Eaze's closest direct competitors in California and other legal states.

TypeDirect peer
Description

Leafly operates a cannabis information and discovery platform with retailer listings and delivery integrations. It serves the same cannabis consumer audience as Eaze and competes for digital discovery and order flow.

TypeDirect peer
Description

Dutchie is a cannabis e-commerce and POS platform powering online ordering and delivery for dispensaries. It competes directly with Eaze in the cannabis delivery technology stack and marketplace layer.

TypeDirect peer
Description

Weedmaps is a leading cannabis marketplace and SaaS platform connecting consumers with dispensaries and brands. It directly competes with Eaze as an online discovery and delivery channel for cannabis consumers in California and other states.

TypeBroad incumbent
Description

Curaleaf is one of the largest U.S. cannabis MSOs with retail and delivery operations across multiple states. As a broad incumbent, it overlaps with Eaze/Vireo's combined omnichannel cannabis retail ambitions.

TypeEmerging player
Description

Jointly is a cannabis wellness app helping consumers match products to desired effects. It overlaps with Eaze's product-discovery and curation mission but focuses on consumption tracking rather than delivery.

10Greenline / Greenline Peoria
TypeDirect peer
Description

Greenline is a California-focused cannabis delivery service operating in major metros. It competes directly with Eaze for on-demand cannabis delivery customers and dispensary partnerships.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles8 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds10 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors14 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment7 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Eaze

Cannabis Delivery Marketplaceeaze.com

Eaze is a California-headquartered cannabis delivery marketplace that connects adult consumers with licensed dispensaries through on-demand delivery across 12+ California cities, operating a curated assortment of 800–1,400+ SKUs from roughly 80–104 brands, and monetizing via transaction fees and own-brand accessories.

What Eaze does

Eaze is a California-headquartered cannabis delivery marketplace that connects adult consumers (21+) with licensed dispensaries and curated brands through its owned web and mobile platform. The company operates on-demand delivery across 12+ California cities — including Los Angeles, San Francisco, San Diego, Oakland, Sacramento, and San Jose — 365 days a year from 9 AM to 10 PM PST, with coverage extending to apartments, hotels, and residences. Its product surface spans flower and prerolls, vapes, edibles, concentrates, wellness/tinctures/capsules, and accessories, with 800–1,400+ SKUs and 79–104 brands per market depending on geography. Proprietary merchandising differentiates the experience: an algorithmic curation system tailors assortment by consumer experience level and price range, and the 'Cannabis for a Cause' shelf highlights women and BIPOC-owned brands as a social-impact differentiator.

The underlying technology is a vertically integrated marketplace and delivery stack supporting real-time ordering, delivery tracking, and location-based assortment. Eaze also operates an own-brand accessories line (510-thread batteries, rolling papers, lighters, button batteries) sold alongside third-party SKUs. The business model is primarily transaction-based: Eaze charges dispensary partners a commission or take rate on each completed delivery order, supplemented by margins on own-brand accessory sales and exclusive brand launch partnerships (e.g., the Koala Puffs x Kanha Peach Paradise CBD:THC gummy in April 2026). Marketing relies on owned digital channels (SEO-optimized city pages, app), creator/influencer partnerships, brand co-marketing with featured dispensaries, and a referral program — paid digital advertising is constrained by cannabis advertising regulations.

Eaze was an independent private company from its 2014 founding until its 2025–2026 acquisition by Vireo Growth Inc. (NASDAQ: VREO), a Minnesota-based cannabis multistate operator, in an all-stock transaction valued at approximately $47 million. The deal closed in April 2026, making Eaze a wholly-owned subsidiary of Vireo and expanding the combined MSO to 166 dispensaries across 10 states. Eaze's acquisition price represents a steep decline from its roughly $700 million peak valuation during the 2018 venture funding cycle, with the company's history including a 2021 executive bank fraud conviction and an aborted Green Dragon acquisition that had targeted a combined $10 billion valuation.

Eaze firmographics

Firmographics
Name
Eaze
Legal name
Eaze Inc.
Website
https://eaze.com
Company type
Private
Founded year
2014
Operating status
Acquired
Headcount range
1,001–5,000 employees
Short description
Eaze is a California-headquartered cannabis delivery marketplace that connects adult consumers with licensed dispensaries through on-demand delivery across 12+ California cities, operating a curated assortment of 800–1,400+ SKUs from roughly 80–104 brands, and monetizing via transaction fees and own-brand accessories.
Ownership category
akta.pro rank

Eaze industry classification

Industry
Product category
Cannabis Delivery Marketplace
NAICS
Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers (459991)
akta.pro primary industry
Vape & E-Cig Online Retail (DTC & Marketplaces) (CRANAEAB)

Keywords

  • Cannabis delivery
  • Cannabis marketplace
  • Dispensary delivery
  • On-demand cannabis
  • Cannabis e-commerce

Where Eaze is headquartered

Location

Headquarters

HQ city
Denver
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Eaze business model

Business model
GTM type
B2C
Offering type
Digital Commerce or Content
Cost components
Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Cannabis Product Sales (Transaction Fee / Marketplace Commission): Eaze earns revenue by facilitating transactions between consumers and licensed dispensaries through its platform. The platform charges dispensaries a commission or transaction fee on each completed delivery order. Eaze also sells its own branded accessories (e.g., Eaze 510 Battery, Rolling Papers).

Pricing tiers

ModelBillingPrice
Transaction based/ take rate—Delivery fee structure not publicly disclosed on website

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Eaze product offering

Product offering

Core offering

Eaze is an online marketplace and technology platform that connects adult consumers with licensed California dispensaries and cannabis brands for on-demand delivery of THC and CBD products including flower, vapes, edibles, concentrates, and wellness items across 12+ California cities. The platform also retails its own branded accessories such as the Eaze 510 Battery, Rolling Papers, MAX 380 Button Battery, and White Clipper Lighter.

Product overview

Eaze is a California-based cannabis delivery platform operating as a marketplace connecting consumers with licensed dispensaries and brands. The platform offers on-demand delivery of THC and CBD products across California, with coverage spanning major metropolitan areas including Los Angeles, San Francisco, San Diego, Sacramento, Oakland, San Jose, and surrounding regions. The product portfolio includes a curated selection of third-party brands across categories including Flower & Prerolls, Vapes, Edibles, Concentrates, Wellness/Tinctures/Capsules, and Accessories. Eaze also sells proprietary accessories under its own brand (Eaze 510 Battery, Eaze Rolling Papers, Eaze MAX 380 Button Battery). The platform features location-based delivery services available 365 days a year from 9:00 AM to 10:00 PM PST.

Differentiator

Problem solved

Functional benefit

Products and services

  • Eaze Delivery Platform Web and mobile cannabis delivery marketplace connecting adult consumers (21+) with licensed California dispensaries and brands; enables browsing, ordering, and delivery of flower, vapes, edibles, concentrates, and wellness products across Los Angeles, San Francisco, San Diego, Sacramento, Oakland, San Jose and other California cities.
  • Eaze 510 Battery Proprietary vaping battery sold under Eaze's own brand, compatible with standard 510-thread cartridges. Available in Blue and Gradient color variants.
  • Eaze Rolling Papers Brand-label rolling papers sold as an accessory on the Eaze platform.
  • Eaze MAX 380 Button Battery Proprietary 380mAh button battery sold under Eaze's accessory line for vaping devices.
  • Eaze White Clipper Lighter White Eaze-branded Clipper lighter accessory sold on the platform.

Quantifiable outcome

  • Eaze expands to 166 dispensaries across 10 states as part of Vireo Growth acquisition
  • +1 more outcomes

Companies that use Eaze

Customer profile

Segments1 record

Ideal customer profiles1 record

Eaze technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Eaze partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor and core.

  • Sunderstorm / KanhaminorGTM or Marketing Partner · 7 April 2026Kanha by Sunderstorm launched a limited-edition CBD gummy called Peach Paradise in partnership with digital influencer Koala Puffs and California-based delivery platform Eaze. The launch leveraged creator-led marketing to reach consumers directly through social media and digital communities. The product was released exclusively via Eaze with a meet-and-greet event scheduled for April 11, 2026.
  • Green DragoncoreStrategic or Co-development Partner · 18 August 2021Eaze, a California-based delivery platform, announced acquisition of Green Dragon, a multistate cannabis retailer, expanding Eaze's operations into Colorado and Florida. The combined company was valued at nearly $10 billion and would cover 42 locations, pending regulatory approval. This deal would have made Eaze the nation's largest MSO delivery operation and the biggest California-headquartered MSO. Note: This acquisition was later superseded by Eaze being acquired by Vireo Growth.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Eaze competitors and assessment

Company assessment

Direct peers

  • Lantern (formerly Meadow): Lantern is a cannabis e-commerce and delivery platform serving dispensaries and consumers. It operates in California and other states and is a direct competitor to Eaze's delivery marketplace model.
  • Flowhub: Flowhub provides cannabis retail management and e-commerce software for dispensaries, including online ordering and delivery workflows. It competes with Eaze on the dispensary-facing technology layer.
  • Jane Technologies (iHeartJane): Jane is an e-commerce and marketing platform for cannabis dispensaries offering online ordering and delivery. It is one of Eaze's closest direct competitors in California and other legal states.
  • Leafly Holdings: Leafly operates a cannabis information and discovery platform with retailer listings and delivery integrations. It serves the same cannabis consumer audience as Eaze and competes for digital discovery and order flow.
  • Dutchie: Dutchie is a cannabis e-commerce and POS platform powering online ordering and delivery for dispensaries. It competes directly with Eaze in the cannabis delivery technology stack and marketplace layer.
  • Weedmaps: Weedmaps is a leading cannabis marketplace and SaaS platform connecting consumers with dispensaries and brands. It directly competes with Eaze as an online discovery and delivery channel for cannabis consumers in California and other states.
  • Greenline / Greenline Peoria: Greenline is a California-focused cannabis delivery service operating in major metros. It competes directly with Eaze for on-demand cannabis delivery customers and dispensary partnerships.

Emerging players

  • Strainprint Technologies: Strainprint is a cannabis data and patient-tracking platform with consumer-facing tools. It is adjacent to Eaze's cannabis consumer experience and could compete or partner around data-driven product curation.
  • Jointly: Jointly is a cannabis wellness app helping consumers match products to desired effects. It overlaps with Eaze's product-discovery and curation mission but focuses on consumption tracking rather than delivery.

Broad incumbents

  • Curaleaf Holdings: Curaleaf is one of the largest U.S. cannabis MSOs with retail and delivery operations across multiple states. As a broad incumbent, it overlaps with Eaze/Vireo's combined omnichannel cannabis retail ambitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Eaze social profiles

Digital presence

Eaze financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Eaze leadership team

Management profile

Number of profiles

Profiles8 records

Eaze funding detail

Funding detail

Funding overview

Funding rounds10 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Eaze M&A and investment

M&A and investment

M&A1 record

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eaze

What does Eaze do?

Eaze is an online marketplace and technology platform that connects adult consumers with licensed California dispensaries and cannabis brands for on-demand delivery of THC and CBD products including flower, vapes, edibles, concentrates, and wellness items across 12+ California cities. The platform also retails its own branded accessories such as the Eaze 510 Battery, Rolling Papers, MAX 380 Button Battery, and White Clipper Lighter.

Is Eaze a public or private company?

Eaze is a private company. It is classified as corporate owned and is currently acquired.

When was Eaze founded?

Eaze was founded in 2014. It employs 1,001 to 5,000 people.

Where is Eaze based?

Eaze is headquartered in Denver, United States, in the North America region.

How does Eaze make money?

One revenue line is on record: cannabis Product Sales (Transaction Fee / Marketplace Commission).

Who are Eaze's main competitors?

Direct peers on record are Lantern (formerly Meadow), Flowhub, Jane Technologies (iHeartJane), Leafly Holdings, Dutchie, Weedmaps and Greenline / Greenline Peoria. Emerging players are Strainprint Technologies and Jointly. Curaleaf Holdings is listed as a broad incumbent.

Does Eaze have an API?

No public API is recorded for Eaze.

What industry is Eaze in?

Eaze's product category is Cannabis Delivery Marketplace. Its primary akta.pro industry code is CRANAEAB, Vape & E-Cig Online Retail (DTC & Marketplaces). Its NAICS code is 459991.

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Live signals
GlobeNewswireVireo Growth Inc. Announces Closing of Acquisition of Eaze Inc.Vireo Growth Inc. closed its acquisition of Eaze, a cannabis retailer and delivery platform, expanding its footprint to 10 states with over 160 dispensaries and about 800,000 sq. ft. of cultivation. The deal adds California and Florida markets and 15 Colorado dispensaries, with Cory Azzalino becoming CEO of Vireo's California business.Stock TitanVireo closes Eaze deal, enters California, FloridaVireo Growth Inc. announced the closing of its acquisition of Eaze Inc., a vertically-integrated cannabis retailer and delivery technology platform. The transaction expands Vireo's operating footprint to 10 states with over 160 dispensaries and approximately 800,000 sq. ft. of cultivation and production capacity, adding 15 additional dispensaries in Colorado while entering California and Florida markets. Eaze brings 67 active retail locations and a delivery platform that has completed over 12 million deliveries, with operations in California, Florida, and Colorado.CannabisbusinesstimesVireo Growth Closes Acquisition of Eaze, Entering California, Florida Cannabis MarketsVireo Growth Inc. has closed its acquisition of Eaze Inc., a vertically integrated cannabis retailer and delivery technology platform, with operations in California, Florida, and Colorado. The deal brings 67 active retail locations and over 12 million completed deliveries to Vireo, marking the company's entrance into two of the largest US cannabis markets. Cory Azzalino, formerly CEO of Eaze, will assume the CEO role of Vireo's California business unit.Investing.comVireo Growth completes acquisition of Eaze cannabis retailer By Investing.comVireo Growth Inc. announced it has completed its acquisition of Eaze Inc., a cannabis retailer and delivery technology platform operating in California, Florida and Colorado. The transaction expands Vireo's operations to 10 states with over 160 dispensaries and approximately 800,000 square feet of cultivation and production space, adding 67 retail locations and entry into two of the largest U.S. cannabis markets. Analysts predict the company will turn profitable this year, with the stock viewed as undervalued relative to fair value based on the company's reported revenue of $268.77 million and 170% growth over the last twelve months.GlobeNewswireVireo Growth Inc. Announces Closing of Acquisition of Eaze Inc.Vireo Growth Inc. has completed its acquisition of Eaze Inc., a vertically-integrated cannabis retailer and delivery technology platform, expanding Vireo's operations to 10 states with over 160 dispensaries. The acquisition adds two new markets (California and Florida) to Vireo's footprint, along with Eaze's 67 retail locations and delivery platform that has completed over 12 million deliveries. Cory Azzalino, formerly CEO of Eaze, will now lead Vireo's California business as the company integrates Eaze's operations.BitgetVireo’s Strategy of M&A-Fueled Vertical Integration Presents a Strong Opportunity Amid Cannabis Rescheduling MomentumVireo Growth's expansion is mainly driven by its acquisition strategy, including recent mergers such as PharmaCann Colorado and Eaze, resulting in rapid revenue growth and increased operational scale. The company plans further acquisitions like Hawthorne Gardening, aiming for vertical integration to enhance margins and supply chain control amid sector-wide regulatory changes.ForbesCannabis M&A Didn’t Vanish. It’s Just Not Happening In PublicA analysis of the cannabis industry's M&A landscape argues that while public multistate operators remain constrained by low valuations and minimal cash consideration, consolidation is actively occurring through private operators and credit-led structures rather than headline mergers. Mitchell Osak's analysis suggests a true M&A "tsunami" is unlikely in 2026 given that fewer than 5% of licence exits between 2022 and 2025 were tied to M&A, with most occurring through closures and inactivations. Seth Yakatan counters that consolidation is already underway, pointing to Vireo Health as a model: the company raised approximately $75 million in equity and announced acquisitions totaling roughly $397 million in consideration, largely structured as stock with performance-based earnouts, including an all-stock acquisition of Eaze valued at about $47 million.SechatMarket movement in cannabis grows with advancement of r...Multiple M&A transactions in the cannabis sector were announced following President Donald Trump's executive order on December 18, 2025, which reclassified marijuana from Schedule I to Schedule III. Notable deals include Wyld acquiring the edibles competitor Grön, and Vireo Growth purchasing the delivery platform Eaze. Analysts indicate many deals had been in negotiation for months and the executive order acted as a catalyst for closings, with the prospect of federal reclassification stimulating greater investor interest and potentially increasing access to capital for operators in the sector.MjbizdailyHow Donald Trump triggered cannabis industry M&A, with more to comePresident Trump's December 18 executive order to downgrade marijuana's status under federal law triggered a wave of cannabis industry M&A activity, with multiple deals announced in the following weeks including Vireo Growth's purchase of Eaze, Wyld's acquisition of Grön, and KEY Investment Partners' acquisition of BellRock Brands. Curaleaf Holdings saw its $110 million Virginia expansion deal unravel when Boston-based hedge fund Millstreet outbid the company by $20 million immediately after the executive order, with analysts citing the policy shift as the catalyst that pushed pending deals across the finish line. Analysts expect full rescheduling from Schedule 1 to Schedule 3 to further accelerate M&A activity and reopen capital markets for the sector.San Francisco GateCalifornia startup once valued at $700M sells for shockingly low priceVireo Growth Inc. acquired the California cannabis delivery company Eaze for $47 million in December, a dramatic fall from the company's $700 million valuation during its peak, following years of legal troubles including an executive's 2021 bank fraud conviction. The deal marks continued consolidation in California's legal cannabis market, with other recent transactions including Stiiizy's $25 million competitor purchase and Nabis's $13 million acquisition of Humble Cannabis Solutions. Analysts say President Trump's December executive order to reschedule cannabis at the federal level has made California's market more attractive to investors after years of capital flight, with more deals expected as businesses anticipate the regulatory change.