Welcome to our dedicated page for Medicine Man news (Ticker: SHWZ), a resource for investors and traders seeking the latest updates and insights on Medicine Man stock.
Medicine Man Technologies (SHWZ) delivers specialized cannabis consulting and operational solutions for cultivation facilities and retail dispensaries. This page provides authorized news updates and press releases directly related to the company's strategic initiatives, regulatory compliance efforts, and market expansion activities.
Investors and industry professionals will find timely information on licensing milestones, partnership announcements, and operational developments across SHWZ's core markets. The curated content focuses on factual updates including earnings reports, facility expansions, and compliance achievements without speculative commentary.
All materials are organized to highlight essential business developments in cannabis consulting services, turnkey operational systems implementation, and state-specific regulatory navigation. Users can expect verified updates on cultivation optimization strategies, dispensary performance metrics, and corporate governance matters.
Bookmark this page for streamlined access to SHWZ's official communications and third-party analyses vetted for factual accuracy. Regular updates ensure stakeholders maintain current awareness of the company's position within evolving cannabis markets.
Schwazze (OTCQX: SHWZ, NEO: SHWZ) is set to open its newly renovated Star Buds dispensary in Glendale, Colorado, on September 10, 2022. The grand opening will feature special events, including swag bags for the first 50 customers, discounts such as 50% off flower, and a promotional house pre-roll for $1. This event marks part of Schwazze's aggressive growth strategy, which has expanded its portfolio to 23 dispensaries in Colorado since acquiring Smoking Gun in December 2021. The company aims to enhance product selection and customer experience in the region.
Schwazze (OTCQX: SHWZ, NEO: SHWZ) will hold its second quarter 2022 conference call and webcast on August 11, 2022, at 5:00 PM ET. Investors can join by calling 416-764-8650 or toll-free in North America at 1-888-664-6383, or via the company's website. A replay will be available until August 18, 2022. CEO Justin Dye and CFO Nancy Huber will field questions during the call, which can be submitted in advance through a provided link. Schwazze operates as a vertically integrated cannabis company with a mission to improve the human condition through innovative products.
Schwazze (OTCQX: SHWZ) announces the grand opening of the newly remodeled Star Buds dispensary in Aurora, Colorado, on July 9, 2022. This renovation represents a brand evolution featuring a nostalgic 70s design, which aims to enhance the consumer experience. The celebration will include giveaways and various promotions. The remodel follows the acquisition of 13 Colorado Star Buds locations in March 2021, expanding Schwazze's total to 23 dispensaries in Colorado and four cultivation facilities. This initiative aligns with Schwazze’s mission to provide high-quality cannabis products and stellar service.
Schwazze (OTCQX: SHWZ, NEO: SHWZ) announced the acquisition of substantially all assets of Urban Health & Wellness, Inc. for US$3.2 million, comprising $1.3M in cash and $1.9M in common stock. This acquisition includes an adult use dispensary and a 7,200 square foot cultivation facility located in Denver, Colorado, expanding Schwazze's footprint to 23 dispensaries and four cultivation facilities in Colorado. The deal aligns with Schwazze's growth strategy in the cannabis space.
Schwazze (OTCQX: SHWZ) reported Q1 2022 revenue of $31.8 million, a 64% increase from $19.3 million in Q1 2021. Retail sales rose by 124% to $26.5 million. However, the company recorded a net loss of $26.8 million, compared to a loss of $3.6 million the previous year. Adjusted EBITDA stood at $7.9 million, representing 25% of revenue. The company added 14 dispensaries and remains on track for an annualized run rate of approximately $220-$260 million for Q4 2022. Challenges included COVID-related impacts and decreased wholesale revenue due to pricing pressures in Colorado.
Schwazze (OTCQX: SHWZ) announced that its hydroponic brand, The Big Tomato, has been named the Best Home Cultivation Store in Denver by Westword magazine. This recognition highlights The Big Tomato's strong presence in the indoor gardening market, emphasizing its commitment to customer service and expert advice for home growers. The store has over 20 years of experience, providing a wide range of gardening supplies and fostering a knowledgeable community. Schwazze's strategic focus on cannabis education and support underlines its leadership in the industry.
Schwazze (OTCQX: SHWZ, NEO: SHWZ) will host its first quarter 2022 conference call and webcast on May 16, 2022, at 4:30 PM EDT. Interested investors can join by dialing 416 764 8650 or 888-664-6383 for North America, or access the webcast on the company’s website. A replay will be available until May 23, 2022. CEO Justin Dye and CFO Nancy Huber will answer investor questions, which can be submitted in advance via a provided weblink.
On May 5, 2022, Schwazze (OTCQX: SHWZ) announced that its Star Buds dispensary became the first cannabis company to sponsor a professional sports team in Colorado. The Colorado Summit, the state’s first ultimate disc team, unveiled jerseys featuring the Star Buds logo on May 4. This initiative aims to promote cannabis acceptance in professional sports. The Summit's season starts on May 7, 2022, in Seattle, with home games hosted at the University of Denver. Schwazze continues to expand its cannabis operations in Colorado and New Mexico.
On April 25, 2022, Schwazze (OTCQX: SHWZ; NEO: SHWZ) announced a live VID Forum Town Hall for investors, scheduled for April 26, 2022, at 11:00 am EST. CEO Justin Dye will present and answer questions from stakeholders. Schwazze is establishing itself as a leading vertically integrated cannabis company in Colorado and New Mexico, with a focus on consumer brand development and operational excellence. The company emphasizes a commitment to community, diversity, and climate-conscious practices. For more details, stakeholders can register for the event.
FAQ
What is the current stock price of Medicine Man (SHWZ)?
What is the market cap of Medicine Man (SHWZ)?
