Marijuana delivery company Eaze can’t cover debt, files bankruptcy

Main Hemp Patriot
1 Min Read

In filing for Chapter 7 bankruptcy in March, marijuana delivery company Eaze Technologies indicated it likely won’t have sufficient assets to pay its unsecured creditors.

The bankruptcy petition disclosed that the California-based company has assets valued at up to $100,000, but its liabilities range from $1 million to $10 million, according to BankruptcyObserver.

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The company is believed to have 50-99 creditors.

Meanwhile, Eaze had up to $50,000 in assets against liabilities of $2.66 million, the San Francisco Business Times reported.

Eaze filed for bankruptcy only months after:

Announcing a rebranding and a $10 million cash infusion. Planting its first crop in its recently expanded Green Dragon Florida cultivation facility, which doubled the size of its flowering canopy to 64,000 square feet,

Read full article on Marijuana Business Daily

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