California delivery service Eaze sharply reduced its sales projections for 2020 according to documents obtained by MarketWatch. It anticipates selling $412M in cannabis next year.
The company had previously predicted it would sell $1 Billion in 2020.
- Eaze is trying to raise $50M at a fully diluted pre-money valuation of between $350M and $400M, according to MarketWatch.
- Earlier this year Google banned Eaze and other delivery app’s from its app store.
- The company’s losses have roughly tripled since 2017 when it was losing $1M a month.
