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,
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