SCHWAZZE'S NEW MEXICO RETAIL BANNER, R.GREENLEAF, LAUNCHES NEW ECOMMERCE CUSTOMER EXPERIENCE

Rhea-AI Summary

Schwazze (NEO: SHWZ, OTCQX: SHWZ) has launched a new ecommerce site for its New Mexico retail banner, R.Greenleaf, enhancing customer experience by enabling online ordering for in-store pickup. The platform allows customers to manage previous orders and join the Gratify loyalty program. Since Schwazze's acquisition, R.Greenleaf has expanded from 10 to 17 locations, catering to both medical and recreational consumers. Schwazze has made significant growth moves, acquiring 44 cannabis dispensaries and other assets across Colorado and New Mexico since April 2020. The company aims to improve its market position and customer engagement while expanding its operations.

Positive

• Launch of an ecommerce site for R.Greenleaf enhances customer convenience.
• Expansion from 10 to 17 retail locations since acquisition shows growth.
• 44 cannabis dispensaries and additional assets acquired since April 2020 strengthens market presence.

Negative

• None.

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NEO: SHWZ
             OTCQX: SHWZ

R.Greenleaf Paves Way for Direct Commerce Relationship with Customers, 
Provides Seamless, Time-Saving Shopping Experience

DENVER, March 13, 2023 /PRNewswire/ - Schwazze, (NEO: SHWZ) (OTCQX: SHWZ) ("Schwazze" or the "Company"), announces the launch of a new ecommerce shop site for R.Greenleaf, its New-Mexico based retail banner with 17 locations throughout the state. This new shopping experience, available at http://rgreenleaf.com, allows customers to 'skip the line and order online' by ordering ahead to reserve product and picking up in store. Customers can create an account on the new shop site to access prior orders and receive special offers while also enrolling in R.Greenleaf's customer loyalty program, Gratify.

"We are excited to bring the convenience of ecommerce shopping to all of our R.Greenleaf locations. Our enhanced online shopping experience allows us to deliver our brands, product assortment and dedicated service to customers in all of our neighborhoods as we continue to expand throughout the state," said Ken Diehl, Division President – New Mexico.    

R.Greenleaf, offering a wide variety of quality products serviced by top-notch, knowledgeable staff, has grown from 10 locations to now 17 since Schwazze's acquisition nearly one year ago. All locations serve the needs of medical patients as well as recreational consumers.

Since April 2020, Schwazze has acquired, announced the planned acquisition of, or opened 44 cannabis dispensaries as well as seven cultivation facilities and two manufacturing assets in Colorado and New Mexico. In May 2021, Schwazze announced its BioSciences division and in August 2021 it commenced home delivery services in Colorado.

About Schwazze

Schwazze (NEO: SHWZ) (OTCQX: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company's leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices.

Medicine Man Technologies, Inc. was Schwazze's former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Forward-Looking Statements

This press release contains "forward-looking statements." Such statements may be preceded by the words "plan," "will," "may," "continue," "predicts," or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in Colorado and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses, including the acquisition described in this press release, and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, and (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.

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SOURCE Schwazze

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the new ecommerce site launched by Schwazze for R.Greenleaf?

Schwazze launched an ecommerce site for R.Greenleaf to enable customers to order online and pick up in store.

How many locations does R.Greenleaf have after Schwazze's acquisition?

R.Greenleaf has expanded to 17 locations across New Mexico since Schwazze's acquisition.

What recent acquisitions has Schwazze made in the cannabis industry?

Since April 2020, Schwazze has acquired 44 cannabis dispensaries and additional assets in Colorado and New Mexico.

What benefits does the new ecommerce site provide to R.Greenleaf customers?

Customers can skip lines, manage orders, and enroll in a loyalty program through the new ecommerce site.