/PRNewswire/ - Schwazze, (OTCQX: SHWZ) ("Schwazze" or the "Company"), announced signed definitive documents to acquire the assets of Southern Colorado Growers.
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Schwazze Appoints Jeff Cozad and Salim Wahdan to the Board of Directors
March 15, 2021 GMT
DENVER (BUSINESS WIRE) Mar 15, 2021
Schwazze, formerly operating as Medicine Man Technologies, Inc. (OTCQX: SHWZ) (“Schwazze” or “the Company”), today announced that Jeff Cozad and Salim Wahdan have been appointed to the Schwazze Board of Directors. Mr. Cozad will also serve on the following committees: Audit, Compensation and Corporate Governance. Mr. Wahdan will serve on the Audit committee.
Mr. Cozad and Mr. Wahdan will join Justin Dye, Brian Ruden, Jeff Garwood, and Pratap Mukharji on the Schwazze Board of Directors.
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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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).