[ad_1]
April 15, 2024
Vangst, a Denver-based staffing platform specializing within the hashish business, acquired CannabizTemp, the momentary staffing division of CannabizTeam, a cannabis-focused government search agency primarily based in San Diego.
The deal, which closed on April 10, contains a 50% money and 50% inventory transaction and marks Vangst’s first acquisition within the hashish HR house. CannabizTemp will now function underneath the Vangst model identify.
CannabizTeam, based by CEO Liesl Bernard in 2016, will proceed its operations and deal with putting executives within the hashish business.
Previous to founding CannabizTeam, Bernard spent 20 years holding government management roles at Robert Half Inc.
“This marks a pivotal second for each Vangst and CannabizTeam. It allows us to focus on our respective areas of experience, setting a brand new business commonplace for specialization, offering a complete expertise resolution to the business,” Bernard stated in a press launch.
As part of the transaction, Vangst prospects will acquire entry to the Cannabiz government recruiters. The mixing of CannabizTemp prospects into Vangst will start instantly.
“CannabizTemp was arms down our largest competitor,” Vangst founder and CEO Karson Humiston stated in a press launch. “Liesl and her group constructed an exceptional enterprise with a powerful and rising buyer base, and we could not be extra excited to welcome the CannabizTemp prospects into the Vangst household.”
Vangst, which launched its on-demand hiring platform Vangst Gigs in 2018, has stuffed greater than 200,000 cannabis-related jobsacross 19 states.
The acquisition brings Vangst’s complete buyer rely to greater than 1,700, now serving 90% of all US multi-state hashish operators.
The deal is a strategic alliance designed to leverage the distinctive strengths of each entities, in keeping with the corporate.
Based in 2015, Vangst has raised $30 million in enterprise capital and is backed by Lerrer Hippeau, Stage One Fund, Colle Capital, Snoop Dogg’s Casa Verde Capital and others.
[ad_2]
