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Schwazze Q1 FY23 Revenue Grows 26% YoY, What About Profit?
Thursday, May 11, 2023 - 8:08am | 313Medicine Man Technologies Inc. operating as Schwazze, (OTCQX: SHWZ) (NEO:SHWZ) released financial results for the first quarter 2023, revealing revenue of $40 million, an increase of 26% compared to $31.8 million in Q1 2022. Q1 2023 Financial Highlights Gross profit of $23.0 million, an increase...
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Schwazze FY22 Revenue Grows 47% To $159.4M, What About Adjusted EBITDA?
Thursday, March 30, 2023 - 8:37am | 530Medicine Man Technologies Inc. operating as Schwazze, (OTCQX: SHWZ) (NEO:SHWZ), announced financial results for the Q4 2022 and for the year ended December 31, 2022, revealing revenue of $159.4 million, an increase of 47% compared to $108.4 million in 2021. Q4 2022 Financial Highlights Revenues...
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Schwazze Appoints Forrest Hoffmaster As CFO
Friday, January 20, 2023 - 12:16pm | 425Medicine Man Technologies operating as Schwazze, (OTCQX: SHWZ) (NEO: SHWZ), announced changes to its executive financial leadership team in preparation for its growth initiatives in Colorado and New Mexico with the addition of CFO, Forrest Hoffmaster. Hoffmaster replaces the current CFO, Nancy...
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Schwazze Q1 Revenue Up 20% Sequentially To $31.8M, Retail Sales Increased 124% To $26.5M
Monday, May 16, 2022 - 7:37pm | 741Schwazze, (OTCQX: SHWZ) (NEO: HWZ) announced financial results for the first quarter ended March 31, 2022. Q1 2022 Financial Summary: Revenues of $31.8 million grew 64% compared to $19.3 million in first quarter ended March 31, 2021 (Q1 2021)...
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Schwazze's Star Buds Cannabis Dispensary First Marijuana Co. To Have Its Logo On A Professional Sports Team Uniform
Thursday, May 5, 2022 - 9:49am | 315Schwazze’s (OTCQX: SHWZ) (NEO:SHWZ) Colorado dispensary, Star Buds claims to have become the first cannabis company to place its logo on a professional sports team's uniform as the official sponsor of the Colorado Summit, Colorado's first professional ultimate disc team. "We'...
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Schwazze Q4 Revenue Drops 17% Sequentially To $26.5 Million
Thursday, March 31, 2022 - 6:37pm | 611Schwazze (OTCQX: SHWZ) (NEO: SHWZ) announced its financial results for the fourth quarter and year ended December 31, 2021. Financial Summary for Year Ended 2021: Revenues of $108.4 million grew 352% compared to $24.0 million Gross Margin of $49.4...
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Schwazze Closes $6.7M Acquisition Of Colorado Cannabis Cultivator
Wednesday, February 16, 2022 - 8:38am | 359Schwazze (OTCQX: SHWZ) has closed the transaction to acquire the assets of Brow 2, LLC, located in Denver, Colorado. Deal Details The planned transaction includes a 37,000 square foot building and equipment designed for indoor cultivation. The consideration for the acquisition was $6.7...
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Schwazze Acquires Two Colorado Dispensaries For $29M In Stock And Cash
Thursday, February 10, 2022 - 8:32am | 189SCHWAZZE CLOSES ACQUISITION OF EMERALD FIELDS Schwazze (OTCQX:SHWZ) announced that it has closed the transaction to acquire MCG, LLC ("Emerald Fields"). Emerald Fields is the owner and operator of two retail cannabis dispensaries, located in Manitou Springs and Glendale, Colorado....
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Schwazze Closes New Mexico Acquisition In A $42M Cash And Debt Deal
Tuesday, February 8, 2022 - 8:28am | 400Schwazze (OTCQX: SHWZ) announced that it has closed the transaction to acquire substantially all the operating assets of Reynold Greenleaf & Associates, LLC, and the equity of Elemental Kitchen & Laboratories, LLC. As part of the transaction, the company will also have a right to purchase...
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Schwazze Announces $95 Million Private Financing To Support M&A Initiatives, Enters New Mexico
Friday, December 3, 2021 - 12:04pm | 556Vertically integrated cannabis company Schwazze (OTCQX: SHWZ) confirmed Friday that it has signed a securities purchase agreement with institutional investors and individuals under which the company will issue and sell $95 million of principal amount and $93 million of funding amount (...
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Schwazze To Buy Two Emerald Fields Cannaboutique Dispensaries In Colorado For $29M In Cash And Stock
Wednesday, November 17, 2021 - 8:53am | 426Schwazze (OTCQX: SHWZ), previously operating as Medicine Man Technologies, announced Tuesday that it is acquiring MCG, LLC, the company behind Emerald Fields, which owns and operates two retail cannabis dispensaries located in Manitou Springs and Glendale, Colorado. Under the terms of...
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Shwazze Q3 Revenue Grows 328.4% YoY To $31.8M; Updates Guidance Following Recent Acquisitions
Tuesday, November 16, 2021 - 8:50am | 621Schwazze, (OTCQX: SHWZ) announced financial results Monday for its third quarter, reporting revenues of $31.8 million, up by 328.4% from the same period year ago. Financial Summary for Q3 2021: Gross margin of $15.1 million was 441.3%, better than Q3 2020 and 103 bps over Q2 2021...
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Schwazze To Buy Colorado Cultivation Grower Brow 2 For $6.7M In Cash
Tuesday, August 24, 2021 - 8:24am | 504Schwazze (OTCQX: SHWZ), previously operating as Medicine Man Technologies, revealed Monday it has signed an agreement to acquire the assets of Brow 2, LLC, located in Denver, Colorado for $6.7 million in cash. The planned transaction includes a 37,000 square foot building (27,000 square feet of...
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Schwazze Cannabis Co. Closes $11M Acquisition Of Southern Colorado Growers, Makes 'First Major Move Into Cultivation'
Thursday, July 22, 2021 - 11:13am | 361Cannabis company Schwazze (OTCQX: SHWZ), previously known as Medicine Man Technologies Inc., purchased Southern Colorado Growers in Huerfano County, Colorado for $11.3 million, including $5.9 million in cash and $5.4 million in stock. What Happened The company closed the previously...
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Cannabis Co. Schwazze Acquires Drift For $3.5M, Adds Two Pot Shops In Boulder
Tuesday, June 29, 2021 - 10:30am | 439Cannabis company Schwazze (OTCQX: SHWZ) is purchasing BG3 Investments, LLC, which is doing business as Drift and operates two marijuana retail stores in Boulder, Colorado. Under the $3.5 million deal, the Denver-based company, previously known as Medicine Man Technologies Inc, is also...