Medicine Man Technologies Inc (OTC: MDCL) announced that Dye Capital & Company is increasing its investment in the company from $14 million to $21 million.
Justin Dye, Dye Capital Management Partner, is stepping up to serve as Medicine Man Technologies Chairman of the Board. Dye was a. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
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The Colorado company completed the latest tranche of preferred equity, bringing its total raise to $56 million.
CRW Capital Cann Holding LLC, an affiliate of Dye Capital, led the latest investment round alongside other investors.
Schwazze managed to collect $71 million in financing since December, including the latest round.
Under the private placement, the company issued and sold a total of around 56,000 Series A Cumulative Convertible Preferred shares with a price of $1,000 per share.
The securities were presented by DelMorgan Group LLC and the Benchmark Company LLC.
Schwazze also completed a debt financing of $15 million, out of which $5 million will be funded as part of an undisclosed purchase.
Benchmark Company LLC benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.