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home / news releases / SHWZ - Schwazze buys six Star Buds dispensaries in Colorado for $37.1M

SHWZ - Schwazze buys six Star Buds dispensaries in Colorado for $37.1M

Medicine Man Technologies Inc.
Schwazze (SHWZ) has closed on the asset purchase of the first six of 13 Star Buds Colorado retail locations. Total consideration was ~$37.1M, consisting of $13.9M in cash, $13.9M in a seller’s note, and $9.3M in Preferred Stock.The company projects pro forma revenue for Schwazze and its two acquisitions (Mesa Organics and Star Buds) of $95M in 2020 and expects to Be cash flow positive beginning in January 2021.The company anticipates acquiring remaining Seven Star Buds Retail Dispensaries in Colorado during the Q1'21.

For further details see:

Schwazze buys six Star Buds dispensaries in Colorado for $37.1M
Stock Information
Company Name: Medicine Man Technologies Inc.
Stock Symbol: SHWZ
Market: OTC
Website: schwazze.com
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