Welcome to Cultivated, our weekly newsletter where we’re bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom. Sign up here to get it in your inbox every week. If you want a discount to BI Prime to read our stories, sign up here!Happy Friday everyone,It’s been quite…
Welcome to Cultivated, our weekly newsletter where we’re bringing you a within look at the deals, patterns, and characters driving the multibillion-dollar international cannabis boom.
Delighted Friday everybody,
It’s been quite a busy week here as I got my feet under me, returning back to my “regular” beat.
The startup’s ups and downs over the past three years offer insight into the wild trip that marijuana startups, investors, and workers have been on considering that US states started legislating the drug.
The other big piece of news this week was Canopy Development’s miserable earnings
” More stressing for us were remarks around the need to ‘comprehend what consumers want’.
That being said, Canopy Growth is still the biggest marijuana company. And with a deep-pocketed alcohol giant backing the business– along with a brand-new( ish) CEO, David Klein– it’s probably not time to count them out yet.
I’ll be speaking with Klein later this afternoon also.
Here’s what we wrote about:
An inside appearance at Eaze’s newest pitch deck reveals significantly scaled back aspirations from the once-soaring cannabis startup
Internal documents and interviews expose Eaze’s significantly scaled-back ambitions.
In 2020, under the guidance of a new executive group and after a round of layoffs, Eaze has pared back that expectation to $190 million in sales.
Cannabis start-up Caliva laid off 20 staff members including a leading retail exec as headwinds from the coronavirus pandemic upend the industry
Marijuana startup Caliva laid off 20 staff members from its corporate office on March 30, the company validated.
The cuts mainly impacted employees in the retail management department and included Elizabeth Cooksey, a senior exec who was brought in to drive Caliva’s retail strategy in 2019
- Red Light Holland, a CSE-listed psychedelics business that is preparing to produce and offer branded “magic truffles” in the Netherlands, has selected comic Russell Peters as its Chief Creative Officer
A concealed origin story of the CBD trend(New York City Times)