The largest cannabis delivery company in California will shut down by the end of the year, according to a letter from the chief executive officer Sunday, joining a growing number of marijuana businesses in the state that are going belly up.
In the note published on LinkedIn, Eaze CEO Cory Azzalino said that “ongoing challenges” in the state’s cannabis industry led to the foreclosure of company assets on Aug. 6.
He added that the San Francisco-based company is “winding down” current operations and is expected to fully close around Dec. 31.
Eaze’s management team is working with a group to transfer the assets under new ownership and to determine whether operations will reopen next year….