The marijuana industry just changed by 360 degrees as tech companies are now buying MSOs and cannabis licenses. The cannabis industry headlines lit up recently as software and delivery operator EAZE stepped up and bought an MSO. Ho-hum, nothing to see here, just a software and TECH company not getting bought by an MSO, but the exact opposite, a company that specializes in data and delivery buying a multi-state marijuana operation. The big publicly traded cannabis companies have all the cash and equity to do billion-dollar deals, so how is a relatively small tech and delivery company swimming upstream and buying an MSO? One, it tells us investors are shifting their value proposition from “let’s invest in dispensaries” to “let’s invest in technology that can deliver and create cannabis orders on the cheap, hence creating a moat around margins”. EAZE recently raised $35 million in order to facilitate this buyout.
420 Intel – Marijuana Industry News, 08/23/2021 20:00:00