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Eaze is still somehow trying to justify a $388 million valuation.



JEaze louise.... Despite the recent layoffs and depleted cash reserves, Eaze is still somehow trying to justify a $388 million valuation.


Eaze, which originally positioned itself as the “Uber of pot” raised $166 million in funding to dominate that niche vertical.


However, fast forward to today, we now watch Eaze being forced to raise a bridge round just to keep the lights on while it attempts to change businesses to “touching the plant” by selling its own marijuana brands through its own depots.


This loss of the Caliva account isn't going to make it any easier to justify a $388 Million valuation.


If they can't win (or even survive) being "the Uber” of #cannabis, why would they be able to win at something else?


Where's the reality check on these companies? Is anyone going to tell the emperor that he's not wearing any clothes?


Read more here:

https://www.businessinsider.com/caliva-ditching-eaze-cutting-over-200-workers-in-dtc-pivot-2020-2


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