Lows

...and who's down

Snacks / Sunday, January 26, 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 about to lay 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 though are reflective of a whole Cannabis industry not growing as fast as investors 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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