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.