Evidently they purchase every thing they’ll discover, both to grow to be a goal acquisition or to monopolize the market.
Right here is their press launch
Might 16, 2024 – Vangst, the cannabis-focused recruitment platform, has acquired CannabizTemp, the momentary staffing division of CannabizTeam. The acquisition was 50% money, 50% inventory, and is the primary acquisition within the hashish HR house. Vangst launched Vangst GIGS, an on-demand hiring platform, in 2018 to fulfill the hiring wants of the hashish trade. Because the launch of Vangst GIGS Vangst has stuffed greater than 200,000 hashish roles in 19 States. The acquisition of CannabizTemp brings Vangst's complete variety of clients to greater than 1,700, and Vangst now serves 90 p.c of all multi-state hashish operators in america.
“This marks a pivotal second for each Vangst and CannabizTeam,” stated Liesl Bernard, CEO of CannabizTeam. “It permits us to deal with our respective areas of experience, units a brand new trade customary for specialization, supplies a complete expertise resolution to the trade.”
“CannabizTemp was surely our largest competitor,” stated Karson Humiston, founder and CEO of Vangst. “Liesl and his staff have constructed an outstanding enterprise with a robust and rising buyer base, and we couldn't be extra excited to welcome CannabizTemp clients into the Vangst household.”
CannabizTeam is an government analysis firm, based by Ms. Bernard internationally, centered completely on the hashish trade. CannabizTeam will proceed to function its government search enterprise, and proceed to put executives within the hashish trade. As a part of the transaction, Vangst shoppers will now have entry to Cannabiz Government Recruiters, to help their government hiring wants.
The mixing of CannabizTemp clients into Vangst will start instantly, pushed by a dedication from each groups to make sure a easy and environment friendly transition.
Vangst's acquisition of CannabizTemp marks some extent of continued development for the authorized hashish trade within the U.S. Greater than 440,000 individuals are employed full-time within the hashish trade and this quantity is predicted to triple within the subsequent 5 years.
https://huntscanlon.com/vangst-acquires-cannabiztemp/
