Schwazze (SHWZ) – Adds Two More Star Buds Locations Five To Go

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Monday, February 08, 2021

Schwazze (SHWZ)
Adds Two More Star Buds Locations; Five To Go

Medicine Man Technologies, Inc. is now operating under its new trade name, Schwazze. Schwazze is executing its strategy to become a leading vertically integrated cannabis holding company with a portfolio consisting of top-tier licensed brands spanning cultivation, extraction, infused-product manufacturing, dispensary operations, consulting, and a nutrient line. Schwazze leadership includes Colorado cannabis leaders with proven expertise in product and business development as well as top-tier executives from Fortune 500 companies. As a leading platform for vertical integration, Schwazze is strengthening the operational efficiency of the cannabis industry in Colorado and beyond, promoting sustainable growth and increased access to capital, while delivering best-quality service and products to the end consumer. The corporate entity continues to be named Medicine Man Technologies, Inc.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Two More Star Buds Locations. Schwazze has completed the acquisition of two more Star Buds locations, leaving five more locations to be acquired, which we continue to expect to occur in the first quarter. The two new locations are in Denver, Colorado’s largest cannabis market. Significantly, Star Buds is just the beginning as Schwazze continues to have aggressive expansion plans in other areas of the state.

    Terms.  Schwazze paid $9.3 million for the two locations, consisting of $3.5 million in cash, $3.5 million in seller’s notes, and $2.3 million of preferred stock. The acquisition was funded by $6.1 million in proceeds from a private placement with Dye Capital and unaffiliated investors. We are particularly pleased to see Schwazze was able to include unaffiliated investors in this round of capital …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

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