SHWZ - Schwazze Restructures Its $32M Debt Obligations Improving Financials To Grow Across Colorado And New Mexico | Benzinga
Medicine Man Technologies, Inc., operating as Schwazze (OTC:SHWZ) (Cboe CA: SHWZ) is restructuring its February 2025 debt obligations. The Colorado-based cannabis company announced Thursday that it finalized an agreement with two its lenders to restructure its $15.0 million Altmore, LLC loan agreement and its $17.0 million Reynold Greenleaf & Associates LLC promissory note,
The debt restructuring comes on the heels of the company's common stock transition to the OTC Expert Market, due to its delayed filing. The delay was a result of an SEC order regarding the company’s previous auditor, BF Borgers CPA PC, who was dismissed as Schwazze’s auditor prior to the SEC’s order.
Schwazze officials said the debt restructuring improves its financial position by extending the maturities of both debt instruments to the ...