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Schwazze Acquires Two Additional Star Buds Dispensaries in Colorado


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Schwazze, formerly operating as Medicine Man Technologies Inc. (OTCQX: SHWZ) (“Schwazze ” or “the Company”), today announced that it has closed on the asset purchase of an additional two 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. The Company plans to acquire the remaining five Star Buds in Colorado by the end of March, for a total of 13.
Total consideration for this most recent acquisition was approximately $9.3 million, consisting of $3.5 million in cash, $3.5 million in sellers’s notes, and $2.3 million in Preferred Stock (at a price of $1,000 per share). ....

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Schwazze Acquires 2 Additional Star Buds Colorado Dispensaries


Schwazze (OTCQX:SHWZ) continued its acquisition efforts, announcing the $9.3 million close of two Star Buds Colorado dispensaries located in Denver.
According to a press release, the deal price tag included $3.5 million in cash, another $3.5 million in seller s notes and preferred stock totaling $2.3 million at $1,000 per share.
Why It s Important
The done deal helps bring Schwazze closer to its goal of having all Star Buds Colorado locations in its portfolio.
The acquisition follows Schwazze s previous acquisition of six Star Buds locations across the state. The company hopes to close on the rest of the stores by the end of March 2021, bringing the total to 13 if completed. ....

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9 Potential Cannabis Sector Growth Drivers in 2021


January 3, 2021 at 10:55 am
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news.
Friends,
We just wrapped up the first year of gains for cannabis stocks since 2017, with the New Cannabis Ventures Global Cannabis Stock Index rising 5%. While the return for the year wasn’t impressive, 2020 ended strongly, with 4th quarter gains of 62%.
In May, we described what we thought at the time was the beginning of a new bull market for cannabis stocks, and we expect the positive trends to continue in 2021. We detailed our positive outlook for American cannabis operators last week, and this week we want to share a broader perspective. Those who have followed the cannabis industry certainly appreciate how it never follows the script. Here a ....

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