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) has successfully closed the acquisition of assets from Smoking Gun, LLC for a total of $4 million in cash and 100,000 shares of common stock. This strategic move enhances Schwazze's retail footprint in Colorado, bringing the total number of dispensaries to 32 following recent expansions in New Mexico. The acquisition includes a prime location in Glendale, Colorado, which is central to the greater Denver area. Schwazze continues to pursue growth through acquisitions in the cannabis sector, focusing on increased market share and operational synergies.
Schwazze (OTCQX: SHWZ) has secured a $95 million financing agreement to support its acquisition of cannabis assets in New Mexico. This funding, through convertible notes, includes $42 million for acquiring Reynold Greenleaf & Associates and its related cannabis licenses. The company aims to expand its operations, achieving a target to double pro-forma revenue by Q1 2022. With this move, Schwazze transitions into a multi-state operator, adding significant assets across Colorado and New Mexico.
Schwazze (OTCQX: SHWZ) is expanding its retail footprint in Colorado by acquiring MCG, LLC, which operates Emerald Fields dispensaries in Manitou Springs and Glendale. The transaction, valued at $29 million, involves 60% cash and 40% common stock, and is expected to close within 75 days, pending necessary approvals. This acquisition will increase Schwazze's dispensary count to 22. CEO Justin Dye expressed enthusiasm about integrating Emerald Fields into Schwazze's portfolio, enhancing its presence in the market.
Schwazze (OTCQX:SHWZ) reported a remarkable 328.4% revenue increase to $31.8 million for Q3 2021, up from $7.4 million in Q3 2020. Adjusted EBITDA reached $8.8 million, equating to 27.6% of revenue. The company expects annual revenue guidance of approximately $110 million to $115 million and adjusted EBITDA of $32 million to $34 million. Additionally, the acquisitions of Southern Colorado Growers and Brow 2 are set to enhance cultivation capacities, while the launch of home delivery services marks a significant retail expansion.
Schwazze (OTCQX: SHWZ) has signed a definitive agreement to acquire the assets of Smoking Gun, LLC and Smoking Gun Land Company, LLC for $4 million in cash and 100,000 shares of common stock. This strategic acquisition aims to enhance Schwazze's retail footprint, bringing its total dispensaries to 20 in Colorado. Located in Glendale, the Smoking Gun dispensary is positioned in a prime retail area in the Denver metro region. The closing is expected in Q4 2021, pending regulatory approvals.
Schwazze (OTCQX: SHWZ) will host its Q3 2021 conference call and webcast on August 16, 2021, at 4:30 p.m. ET. Investors can join by calling 416-764-8650 or toll-free 888-664-6383, or via the webcast. The replay will be available until November 22, 2021. CEO Justin Dye and CFO Nancy Huber will address questions post-remarks. Schwazze aims to enhance its leadership in the cannabis sector, focusing on innovation and community impact.
Schwazze (OTCQX: SHWZ) announces participation in two key cannabis conferences: the Benzinga Cannabis Capital Conference on October 14-15 in New York City and MJBizCon 2021 on October 20-22 in Las Vegas. CEO Justin Dye and CFO Nancy Huber will host investor meetings at both events. Additionally, an 'Ask Me Anything' session is scheduled for October 21 on Reddit. Schwazze aims to enhance investor engagement with new social media initiatives and will present company insights at these prominent industry gatherings.
Schwazze (OTCQX: SHWZ) has signed a definitive agreement to acquire the assets of Brow 2, LLC for $6.7 million. The acquisition targets a 37,000 square foot facility with 27,000 square feet of canopy for indoor cultivation in Denver, Colorado. This move is part of Schwazze's expansion strategy and aims to enhance its cultivation capacity, subsequently supplying its seventeen Star Buds dispensaries with high-quality indoor flower. The acquisition is expected to close in Q3 2021, pending necessary approvals.
Schwazze (OTCQX: SHWZ) has launched a cannabis delivery service in Aurora, Colorado, starting from its Star Buds Montview location. The service allows residents to order cannabis products online for home delivery, expanding access to high-quality cannabis.
This marks the first phase of a broader home delivery initiative, with plans for a second phase later this year, which will include deliveries from another location in Aurora. The COO expressed excitement about enhancing accessibility to cannabis products for local customers.
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