Denver-based cannabis hiring powerhouse Vangst is getting bigger! The company has scooped up Greenforce, a cannabis temporary staffing agency that operates in Oregon and Arizona.
No financial terms were disclosed.
Greenforce founder and CEO Ryan Rosenfeld is coming on board as chief business officer of Vangst. Rosenfeld will focus on Vangst’s regional and national expansion. His role begins immediately.
Founded in 2016, Greenforce provides harvesting, cultivation, trimming, and other temporary labor services to licensed cannabis businesses.
This deal marks Vangst’s second acquisition of 2024. Earlier this year, Vangst acquired CannabizTemp, the temporary staffing division of CannabizTeam.
In a public statement, Rosenfeld was effusive about Greenforce’s next chapter with Vangst. “This transaction will give us the opportunity to expand more aggressively than ever before, provide an even more superior experience to our customers and workforce, and most importantly, continue to uplift the cannabis industry,” he said.
According to Vangst, the company currently works with 90% of top US-based cannabis operators. In the company’s 2024 jobs report, Vangst reported that there are currently 440,445 full-time cannabis employees. Vangst expects this number to reach 1 million over the next five years.
Vangst has raised $30 million in venture capital from backers that include Lerer Hippeau, Level One Fund, Colle Capital and Snoop Dogg’s Casa Verde Capital.
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