Newly rebranded California-based hashish operator Eaze raised $10 million to amass choose belongings of Eaze Applied sciences, its predecessor firm, to fund the reopening of 70 Eaze and Inexperienced Dragon areas throughout California, Colorado, Florida and Michigan.

The now-defunct Eaze Applied sciences, which bought Denver-based Inexperienced Dragon about three years in the past, introduced in October that it could shut its Colorado and Florida operations. 

Billionaire Jim Clark, founding father of defunct tech firm Netscape, supplied the funding, which was introduced Tuesday, and now has controlling possession of the brand new entity, Eaze.

CEO Cory Azzalino stated the corporate doesn’t intend to reimagine its enterprise mannequin, which it shifted 4 years in the past from a supply platform to a plant-touching entity.