Colorado-based hiring platform Vangst is shopping for GreenForce, a short lived staffing company for the hashish business working in Arizona and Oregon.
GreenForce founder and CEO Ryan Rosenfeld will be part of Vangst as chief enterprise officer to deal with the corporate’s regional and nationwide growth.
The half-cash, half-stock deal brings Vangst’s buyer rely to greater than 1,800.
The corporate, which has greater than 150,000 employees on its platform, assists 90% of the highest U.S. hashish operators in hiring totally credentialed workers for non permanent and full-time positions.
“We wish to be the class killer,” Vangst founder and CEO Karson Humiston instructed MJBizDaily in an interview.
“We have been the primary firm to do hiring in hashish, and we’re undoubtedly the most important,” Humiston stated, including that the GreenForce acquisition “is a chance to develop in areas we didn’t deal with.”
The acquisition comes at a time when the hashish business is beginning to see job progress after a number of years of decline.
The regulated hashish business created practically 23,000 jobs in 2023 as nationwide gross sales ranges returned to double-digit progress, based on the 2024 Vangst Jobs Report.
“We’re seeing it actually decide up in 2024, and we now have a possibility to consolidate a few of our greatest opponents,” stated Humiston, including that she’s in negotiations with one other acquisition goal.
GreenForce is the second acquisition this 12 months for Vangst, which bought CannabizTemp in April in a half-cash, half-stock deal.
After assembly earlier this 12 months, Vangst’s Humiston and GreenForce’s Rosenfeld found they shared related visions for his or her companies.
“The extra time we spent collectively, the extra alternatives we noticed for our prospects and the employees we’re putting,” Humiston stated.
“Our aim is to fill each job in hashish.”
Based in 2016, GreenForce has greater than 100 shoppers within the two states the place it operates.
“I’m exceptionally pleased with the enterprise we constructed at GreenForce and couldn’t be extra excited for our subsequent chapter with Vangst,” Rosenfeld stated in a information launch.
“This transaction will give us the chance to broaden extra aggressively than ever earlier than, present an much more superior expertise to our prospects and workforce and, most significantly, proceed to uplift the hashish business.”