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Vangst buys CannabizTemp in cash/stock deal


Privately owned hashish using the services of business Vangst has obtained CannabizTemp, the temporary staffing division of CannabizTeam. Vangst reported in a statement that the acquisition was 50% cash and 50% inventory.

“CannabizTemp was fingers down our most significant competitor,” explained Karson Humiston, Vangst founder and CEO. “Liesl and her group designed a phenomenal small business with a sturdy and growing buyer foundation, and we couldn’t be additional enthusiastic to welcome the CannabizTemp clients into the Vangst household.”

Temp staff

Vangst launched its non permanent employee business enterprise, Vangst GIGS, in 2018, in response to cannabis companies needing accessibility to quick-expression workers. Given that then, Vangst mentioned it stuffed a lot more than 200,000 momentary positions throughout 19 states.

CannabizTeam, an government search organization started by Liesl Bernard, focuses completely on the hashish field.

According to the assertion, CannabizTeam will keep on functioning its executive look for organization, but Vangst shoppers will have accessibility to the Cannabiz government recruiters to guidance their government selecting demands.

“This marks a pivotal minute for both of those Vangst and CannabizTeam,” Bernard mentioned. “It allows us to focus on our respective places of know-how, location a new industry normal for specialization, providing a detailed talent alternative to the market.”

The acquisition of CannabizTemp brings Vangst’s whole purchaser depend to much more than 1,700, and the firm now products and services 90% of all U.S. multistate cannabis operators. Vangst reported that the integration of CannabizTemp prospects will start out promptly.

Vangst not long ago released its positions report, which highlighted that the U.S. hashish market tacked on a different 22,952 jobs last 12 months, a 5.4% 12 months-around-yr advancement, for a new full of 440,445. Inexperienced Marketplace Report wrote that nationally, hashish industry development was driven largely by the Midwest, but also by “moderate” development in East Coast markets.

The leading states for cannabis marketplace job growth ended up Michigan and Missouri, the two of which tacked on more than 10,000 careers apiece. Michigan additional 11,341 employment, and Missouri additional 10,735.

Vangst headquarters are in Denver, and the company has raised $30 million in enterprise funds.

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