The largest marijuana delivery company in the biggest regulated U.S. marijuana market is facing financial troubles.
Jim Clark, a tech billionaire and Eaze’s largest investor, is foreclosing on the company, as first reported by WeedWeek.
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Cory Azzalino, CEO of the San Francisco-based delivery business, said Eaze will continue to operate during the foreclosure process.
Clark, who founded Netscape and has invested in Eaze since at least 2021, foreclosed on the delivery service after it defaulted on a loan, per a court filing in Delaware this month, SFGate reported.
According to the court filing, Clark is demanding all of Eaze’s collateral.
The roots of the crisis date back to August 2022, when a shell company co-owned by Clark issued a $36.9 million loan to
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