FK Advises Vireo Growth Inc. on Expansion into California and Florida and Strengthens Delivery Platforms with Acquisition of Eaze Inc.
Vireo Growth Inc. (“Vireo” or the “Company”) it has entered into a definitive agreement to acquire Eaze Inc. (“Eaze”), a vertically integrated cannabis retailer and delivery technology platform with operations in California, Florida, and Colorado. Eaze has 65 active retail locations and has completed over 12 million deliveries. FK represented Eaze in this transaction.
The transaction marks Vireo’s entry into two of the country’s largest cannabis markets, California and Florida. Eaze has a robust presence in delivery sales in California with four co-located retail and delivery locations and eight delivery-only locations covering most major metropolitan areas of the state. In Florida, Eaze is currently the sixth-largest retailer with 39 active stores and approximately 64,000 square feet of cultivation canopy with substantial expansion capacity. Finally, the transaction will expand Vireo’s retail presence in Colorado with 14 additional dispensaries, increasing its total Colorado footprint to 55 stores. Upon closing, Vireo’s portfolio of cannabis brands and assets will span 10 total states, with 166 active retail dispensaries and approximately 800,000 sq. ft. of operational cannabis cultivation and production.
Team Members: Bryan Meltzer and Anan Kahari
