According to multiple sources, the 36 staff
\nlet go today represent about half of Eaze\u2019s overall workforce. <\/p>\n
The announcement was sent out this afternoon
\nby new CEO, Rogelio Choy, who previously served as Eaze\u2019s COO. Before his time
\nwith Eaze, Choy was CEO at file-sharing behemoth BitTorrent. He officially
\ndeparted BitTorrent\u2019s new parent company, Tron, last December; after their $126-million-dollar
\nacquisition of BitTorrent in Summer 2018.<\/p>\n
Choy will be replacing Jim Patterson, who led
\nEaze through the company\u2019s transition to the legal market after founder Keith
\nMcCarty stepped down in 2016.<\/p>\n
In the statement, Choy noted that the cuts affected
\nevery department within the company and were not a reflection of the work being
\ndone by those leaving, but a need for realignment within the company. An all-hands
\nmeeting will take place on Thursday at noon, where Choy will update staff on
\nthe plan forward. <\/p>\n
It\u2019s been an action-packed month for Eaze, as their legal battle heats up with Canadian imports, DionyMed. As noted by Green Market Report<\/a>, DionyMed used one of its dispensaries to claim Eaze was using shell accounts to create fraudulent charges and payment processing. DionyMed then terminated a three-year contract based on the allegation. But the problem some are seeing with that claim is Eaze doesn\u2019t process payments in-house \u2014 it just facilitates the transaction between the consumer and dispensary.<\/p>\n Earlier this month, DionyMed explained the allegation in a statement<\/a>, after beating Eaze\u2019s attempt to dismiss their case. <\/p>\n \u201cHerban\u2019s complaint alleges that \u2018to gain an unfair competitive advantage in the California cannabis delivery market, Eaze is directing, coordinating, and participating in a scheme to defraud credit card companies and financial institutions into processing cannabis transactions in violation of a host of criminal laws, including prohibitions against wire fraud and bank fraud,\u2019\u201d read the statement.<\/p>\n The statement also notes that since the San \u201cEaze\u2019s alleged decision to terminate online Eaze countered in their complaint<\/a> that DionyMed and its subsidiaries \u201chave resorted to unfair business practices to harm Eaze and beg, borrow, and steal Eaze\u2019s partners and consumers for their alternative platform.\u201d<\/p>\n The complaint also speaks of a wild meeting \u201cShortly after DionyMed\u2019s acquisition of Hometown Heart, DionyMed CEO Edward Fields met with Eaze\u2019s executive leadership team in Las Vegas, Nevada. During that meeting \u2014 where Eaze intended to greet the new owner of its partner dispensary and plan for their success in business together \u2014 Fields began to behave erratically and with Eaze, and eventually vowing that he intended to compete with and destroy Eaze and to dominate the California<\/a> market. Fields\u2019 outbreak surprised the Eaze executives in attendance, who thought the meeting was intended to further a partnership, not to establish a rivalry.\u201d<\/p>\n Eaze also pointed to the fact DionyMed has Things will likely continue to heat up as the At the request of our source, here is the full Team,<\/p>\n By now everyone is aware that we\u2019re undergoing significant changes in our company.<\/p>\n Today we had to part ways with 36 of our friends and colleagues across all teams and offices. This was an incredibly hard decision to make, and of course is enormously difficult for our departing colleagues, who are among the best and hardest working in this industry. Their departure is not a reflection of their excellent work.<\/p>\n These changes are because we need to realign Eaze operations to match market realities. Today\u2019s very difficult action will best allow Eaze to continue providing our services to customers, retailers, and brand partners across California and Oregon.<\/p>\n Also, as of today, Jim is stepping down as CEO and I will take over the CEO title and responsibilities effective immediately. I want to thank Jim for leading us through our formative years and the dawn of legal cannabis in California.<\/p>\n We will gather together for an all hands meeting at noon where I will provide additional company updates, fundraising news, outline our path forward, and answer any and all questions you have.<\/p>\n As of today, we have completed more than 4.65 million deliveries, and there is no question Eaze has an incredibly important role in serving customers and helping build a sustainable, legal cannabis market. It is also true that our entire industry is experiencing significant and unique shocks as we continue to emerge from prohibition and convince adults to choose legal cannabis over illicit options.<\/p>\n The Eaze team, and our network of extraordinary retail and brand partners, have endured and overcome enormous challenges together. And we have significant challenges ahead. But we also have a tremendous amount to be proud of and we will ultimately do our best to build a world class, legal cannabis market for the people of California, Oregon, and beyond.<\/p>\n I want to close by thanking each and every one of you for your hard work and commitment to Eaze\u2019s mission. I see you and appreciate you.<\/p>\n Ro<\/p>\n<\/blockquote>\n TELL US<\/strong>, have you had cannabis delivered with Eaze?<\/p>\n The post EXCLUSIVE: Eaze Cuts Staff in Half as CEO Steps Down<\/a> appeared first on Cannabis Now<\/a>.<\/p>\n
According to multiple sources, the 36 staff let go today represent about half of Eaze\u2019s overall workforce. The announcement was sent out this afternoon by new CEO, Rogelio Choy, who previously served as Eaze\u2019s COO. Before his time with Eaze, Choy was CEO at file-sharing behemoth BitTorrent. He officially departedContinue Reading<\/a><\/span><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[50,3243,2882,3244,6648,2893,170,12613],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/38636"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=38636"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/38636\/revisions"}],"predecessor-version":[{"id":38637,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/38636\/revisions\/38637"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=38636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=38636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=38636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nFrancisco Superior Court denied Eaze\u2019s motions, DionyMed will now have the
\nopportunity to conduct discovery into Eaze\u2019s alleged credit and debit card
\nfraud and bring the matter to trial.<\/p>\n
\ncard payments and cease working with EU Processing shortly after our complaint
\nwas filed is a powerful admission of guilt, and an acknowledgment that the
\nallegations in our complaint are true. Those changes don\u2019t go far enough,\u201d said
\nDionyMed CEO Edward Fields. \u201cWe are pleased with the court\u2019s decision to allow
\nour lawsuit to proceed. We will continue until the direct-to-consumer cannabis
\ndelivery playing field is level for all market participants, and Eaze has
\ncompensated DionyMed for the massive damages its conduct has caused our company
\nand shareholders. This result puts the boards of directors of cannabis
\ncompanies everywhere on notice that good governance and regulatory compliance
\nare table stakes for participation in the hyper-growth cannabis market.\u201d<\/p>\n
\nwith DionyMed where Eaze thought they were going to further the existing
\nrelationship they already had a contract for. <\/p>\n
\npoached a number of their employees in an effort to gain a foothold in the
\ndelivery space.<\/p>\n
\ncase moves forward. <\/p>\n
\nletter from new CEO Rogelio Choy to Eaze\u2019s employees.<\/p>\n\n
\n
\nRead More: EXCLUSIVE: Eaze Cuts Staff in Half as CEO Steps Down<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"