California’s cannabis industry is experiencing a significant shift. Several major deals signal growing optimism for the new year. Vireo Growth Inc. acquired the cannabis delivery company Eaze. This deal was valued at $47 million. It was a stock-based transaction.
Stiiizy also expanded its reach. The company purchased 12 former Gold Flora dispensaries. This acquisition cost $25 million. Nabis, a leading cannabis distributor, made another acquisition. It bought competitor Humble Cannabis Solutions. This deal was valued at $13 million.
Eaze Joins Vireo Growth
Vireo Growth Inc. is expanding its footprint. The acquisition of Eaze brings Vireo into California and Florida. Eaze was once valued at over $700 million. However, it faced financial difficulties and filed for bankruptcy in 2024. Eaze operates a popular cannabis delivery service. It serves customers through an online platform and mobile app.
This deal includes Eaze’s California retail and delivery operations. It also includes Eaze’s facilities in Florida. Vireo will gain 14 dispensaries in Colorado as well. This increases Vireo’s Colorado presence to 55 retailers. The combined entity will operate in 10 states with 166 dispensaries.
Stiiizy Dominates Retail
Stiiizy now holds the title of California’s largest cannabis retailer. The $25 million acquisition of Gold Flora’s assets included 12 stores. This deal solidified Stiiizy’s position. It now operates 58 locations in California. This significantly surpasses its closest competitor.
Gold Flora had entered receivership earlier in 2025. It defaulted on a loan. The acquisition faced minor challenges. Stiiizy reduced its initial bid. Three licenses could not be transferred. A competitor challenged the sale. However, a judge upheld Stiiizy’s purchase.
Nabis Strengthens Distribution
Nabis is California’s largest cannabis distributor. It acquired Humble Cannabis Solutions for $13 million. This deal expands Nabis’ distribution network. It also adds new assets and brand connections. Nabis uses a tech-driven model. It streamlines wholesale operations. The company aims to create an accessible platform.
A Thaw in the Financial Winter?
These significant deals are seen as a positive sign. They signal a thaw in the cannabis industry’s financial challenges. California’s legal market has faced a difficult period. High taxes and regulatory burdens have impacted profitability. Wholesale prices have also declined.
However, new investment is flowing into the sector. Analysts suggest the market is becoming more attractive to investors. Morgan Paxhia, an investment manager, noted the appeal. He cited recent federal policy changes.
Federal Policy Shifts Boost Confidence
Federal action is impacting investor sentiment. President Trump issued an executive order on December 18, 2025. This order aimed to expedite the rescheduling of marijuana to Schedule III. This move is considered a “generational regulatory win”.
The Department of Justice proposed rescheduling in May 2024. HHS had recommended the move in August 2023. Rescheduling could reduce tax burdens for cannabis businesses. It may also ease research constraints. This federal reform is making the California market more appealing.
Looking Ahead
The California cannabis market continues to evolve. While challenges persist, these recent acquisitions show consolidation. They also demonstrate renewed investor confidence. The industry is adapting to market conditions. It is also responding to potential federal regulatory changes. This trend points to a more dynamic future for cannabis lifestyle and business news.
