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We got a look at Eaze's 2020 pitch deck, which shows vastly scaled back ambitions as the once-soaring cannabis startup shifts to a new strategy

1 month ago   |   By Business Insider

Eaze was once a darling of cannabis and cannabis-curious investors.
In 2017, as California transitioned from a medical to adult-use market and other states seemed on the cusp of doing the same, venture capital firms and high net worth investors were trying to figure out how to bet on the potentially millions of new consumers getting access to a product that had been classified as a Schedule I drug for half a century.
Enter startups like Eaze, a cannabis delivery company, which used the promise of a cannabis boom to woo investors and grow their businesses.
Because cannabis is federally...
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An inside look at Eaze's latest pitch deck reveals vastly scaled back ambitions from the once-soaring cannabis startup

An inside look at Eaze's latest pitch deck reveals vastly scaled back ambitions from the once-soaring cannabis startup

1 month ago   |   By Business Insider

Business Insider took a deep dive into cannabis startup Eaze's financial projections from 2017 to the present.
Internal documents and interviews reveal the once-brash startup's vastly scaled-back ambitions.
In 2017, Eaze - then a cannabis delivery service - projected that it would sell $1 billion worth of marijuana on the platform and aggressively expand to new states.
In 2020, under the guidance of a new executive team and after a round of layoffs, Eaze has pared back that expectation to $190 million in sales.
Here's a look at Eaze's 2020 deck, which the startup recently presented to...
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