SHWZ - Schwazze acquires two more Star Buds dispensaries in Colorado

Schwazze (SHWZ) buys two additional Star Buds Colorado dispensaries located in Denver, CO.This follows the successful acquisition and integration of six Star Buds retail locations in Colorado in December 2020.Company plans to acquire the remaining five Star Buds in Colorado by the end of March, for a total of 13.Total consideration for for this most recent acquisition was ~$9.3M, consisting of $3.5M in cash, $3.5M in sellers’s notes, and $2.3M in preferred stock.“Star Buds is a premier cannabis industry brand and we are thrilled to have now acquired 8 of 13 Colorado locations, with the remaining five locations expected to be acquired by the end of next month. Expanding our portfolio with additional Star Buds dispensaries builds on our customer-centric focus, significantly expands our retail operations footprint, and is expected to increase returns to shareholders,” said Justin Dye, CEO.Previously: Schwazze buys six Star Buds dispensaries in Colorado for $37.1M (Dec. 21, 2020)

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Schwazze acquires two more Star Buds dispensaries in Colorado