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...and who's down

Snacks / Monday, January 27, 2020

Not in the green... Weed delivery leader Eaze (aka "the Uber of pot") has a cash problem — it's almost out of the stuff. It's reportedly laying off employees and can't afford to pay its bills. Eaze wasn't making enough $$$ by acting as a delivery middle guy for 3rd party Cannabis producers, so it's whipped up a new strategy: "touching the plant". Produce and sell its own weed directly through depots. Eaze's struggles are also reflective of the cannabis industry not growing as fast as investors had hoped.

Remember when... checkered Vans were a must-have middle-school staple and Timberlands made you an official adult? Those days are gone for VF Corp, which owns both the brands (along with The North Face). VF shares fell 10% last week as Vans and Timbs sales slow. So it's looking to sell off its industrial work apparel divisions so it can fix its more fashionable consumer labels.

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