We’re proud to share some company news with our community. Today we’re announcing that Eaze closed a $65M Series C round of financing. This comes on the heels of the launch of Eaze Wellness, which is a hemp-derived CBD marketplace serving consumers in more than 40 states across the United States. Eaze Wellness is our first expansion outside of California and we’re excited to keep building on that momentum to meet consumer demand for safe and legal access to cannabis.
2018 has been a monumental year for cannabis in the United States, particularly the advent of legal, adult use in California. The regulatory environment is continuing to evolve and we’re excited by the steady increase in public awareness and acceptance of cannabis. The new funds will be used to support our customers, retail and brand partners.
There is an enormous amount of work ahead of us to continue educating people about cannabis, building a sustainable, legal cannabis industry, and correcting the societal wrongs of past drug policy that still hurts people today. We look forward to working with our business partners and allies in the advocacy, non-profit, and policy community to continue making progress on these important issues.