June 2 2022,

TOGETHER WITH

THE BIG IDEA

Hi folks,

It’s with a good deal of happiness, and not a little relief, that I can say the first two months of WeedWeek California Pro show promise. (You can expense it.)

We have a growing number of paid subscribers and off-the-charts open and click rates. Most important, we’re breaking news on big companies like Shryne Group, Eaze, Raw Garden and more.  

We’re now looking for someone who can help develop our business strategy. The role would start part-time, or on a project basis, but there’s potential to grow. If you’re the right person for this gig, you have thoughts on how. 

Send your thoughts and a CV to alex@weedweek.com

In the newsletter:

  • Layoffs hit cannatech

And lots more.

Enjoy,

Alex  

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WHAT YOU MISSED IN WEEDWEEK CALIFORNIA PRO

An old edibles delivery truck (Source: NYPL)

More scoops:

Pacific Stone is latest to leave Herbl

California greenhouse flower brand Pacific Stone is ending its relationship with distributor Herbl and switching to Kiva Sales and Service. WeedWeek also learned of another big brand parting ways with Herbl,  the latest in a string of high profile exits from what was once California’s dominant distributor.

Who else is switching to Kiva?

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Shryne Group hit with labor suit

A lawsuit filed in May by a former employee of Stiiizy’s parent company alleges that it didn’t pay him for all hours worked, didn’t provide itemized wage…

Read the story

  • In case you missed it: 

    A draft deal between Shryne and a social equity partner would have given the partner negligible control over the business, and little chance to share in its profits, according to four lawyers who reviewed the document.

    Read the WeedWeek exclusive

     

Eaze
Photo credit: Getty Images

Layoffs at Eaze as cannatech braces for winter

California-based delivery app Eaze laid off as many as 25 employees, Business Insider reported as “pressure mounts.”

  • The layoffs include members of the live ops and engineering teams. 
  • In an April recording obtained by WeedWeek, CEO Ro Choy said “we live or die” by the engineering team, which had until then avoided layoffs. 
  • SCOOP: WeedWeek has learned that Mervyn Lally, a former executive with credit monitoring company Experian, is now leading product and engineering at Eaze. 

Liz Gower posted on LinkedIn that she and others were laid off from the product team at cannatech unicorn Dutchie.

  • The extent of the layoffs wasn’t clear at press time, but they parallel the broader tech industry, which is battening down the hatches. 
  • Do you know more? Hit me up: alex@weedweek.com or Signal 917-750-9160

Technology company Akerna also announced layoffs.

It’s becoming clear (again) that while cannabis may be recession proof, cannabis companies are not. Most MSOs posted revenue declines in Q1. Of the dozen largest only Green Thumb Industries posted a net profit.
@mjbizdaily

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