Cannabis Platform Vangst Acquires CannabizTeam’s Temp Staffing Division Amid Hiring Surge
Cannabis industry’s leading hiring platform Vangst has acquired CannabizTemp, the temporary staffing division of CannabizTeam.
What Happened
The company said on Friday the acquisition was 50% cash and 50% stock and is the first acquisition in the cannabis human resources (HR) space.
The integration of CannabizTemp customers into Vangst will commence immediately.
Why It Matters
The acquisition of CannabizTemp brings Vangst’s total customer count to over 1,700, and Vangst now services 90% of all US multi-state cannabis operators.
Vangst said the deal is “not merely a transaction but a strategic alliance designed to leverage the unique strengths of both entities, promoting substantial growth and driving positive change within the cannabis industry.”
The growing trend in hiring will surely be one of the topics at the upcoming Benzinga …