Vireo Growth Buys Eaze for $47M, Acquiring Assets In California, Florida, and Colorado

The multi-state cannabis operator Vireo Growth Inc. is set to enter the
California and Florida cannabis markets with a $47 million acquisition of
Eaze Inc.

With the purchase, Vireo will absorb Eaze’s California-based retail and
delivery operations, and its vertically integrated facilities in Florida.
The acquisition also includes Eaze’s 14 dispensaries in Colorado, which
will increase Vireo’s footprint there to 55 retailers.

The acquisition expands Vireo’s operating footprint to 10 states with a
total of 166 dispensaries, the company announced in a press release.

“We are excited to announce the acquisition of Eaze and Vireo’s entrance
into California and Florida. The addition of Eaze provides immediate scale
in two of the country’s largest cannabis markets, and strengthens our
position in Colorado.” — Vireo CEO John Mazarakis, in a statement

Eaze CEO Cory Azzalino said, “Joining Vireo marks an exciting next chapter
for Eaze,” and that the companies together are “well positioned to elevate
retail and delivery experiences for customers across each market we serve.”

Eaze, formerly known as Eaze Technologies Inc., was once valued at more
than $700 million but filed for bankruptcy in 2024 after defaulting on a
loan.