Eaze Loses $1 Million per Month Delivering Cannabis
August 29, 2017 at 6:58 pm
Published by Alan Brochstein, CFA
Max Cherney, Tech Reporter at MarketWatch, profiled technology company Eaze, the California company that enables cannabis delivery. In addition to discussing the risk of expanding from Northern California into the less-friendly Los Angeles market from a regulatory perspective, Cherney pokes at the overall business model, where the company takes a cut of revenue rather than being paid per delivery.
According to the company’s pitch deck, Eaze forecasts 2017 sales of $18mm, an increase of more than 100% from the prior year. and a $12mm loss on its operations, 50% greater than in 2016. The deck, according to Cherney, reveals that the company has extended its offerings to include vaporizer cartridges.
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email
