Business
SCHWAZZE CLOSES ACQUISITION OF ASSETS OF SMOKING GUN, LLC & SMOKING GUN LAND COMPANY, LLC
SCHWAZZE CLOSES ACQUISITION OF ASSETS OF SMOKING GUN, LLC & SMOKING GUN LAND COMPANY, LLC.
About this update from Medicine Man Technologies Inc.
[{"type":"text","content":"\n\n\n\nSCHWAZZE CLOSES ACQUISITION OF ASSETS OF SMOKING GUN, LLC & SMOKING GUN LAND COMPANY, LLC\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nSCHWAZZE CLOSES ACQUISITION OF ASSETS OF SMOKING GUN, LLC & SMOKING GUN LAND COMPANY, LLC\nCanada NewsWire\nDENVER, Dec. 21, 2021\n\n\n\nOTCQX: SHWZ\nAcquisition Adds to Schwazze's Retail Footprint in Colorado\n DENVER, Dec. 21, 2021 /CNW/ - Schwazze, (OTCQX: SHWZ) (\"Schwazze\" or the \"Company\"), announced that it has closed the acquisition of the assets of Smoking Gun, LLC and Smoking Gun Land Company, LLC (\"Smoking Gun\"). Total consideration for the acquisition was $4 million in cash and 100,000 shares of Schwazze common stock upon closing. \n\n \n \n \n \n \n \n\n \nThe Smoking Gun dispensary and assets are located on a prime retail corner on Colorado Blvd. in Glendale, Colorado in the center of the greater Denver metro area. This acquisition is part of the Company's continuing retail expansion plan in Colorado, and including the recently announced planned acquisitions in New Mexico (December 3, 2021), brings the total number of dispensaries to 32.  \nSince April 2020, Schwazze acquired or announced the planned acquisition of 32 cannabis dispensaries, including the ten R. Greenleaf New Mexico dispensaries. In 2021, the Company also acquired or announced the planned acquisition of seven cultivation facilities, three in Colorado - SCG Holding LLC, Brow 2 LLC and Star Buds - and four licensed in New Mexico. The New Mexico acquisition will also add a manufacturing asset, Elemental Kitchen & Laboratories, LLC, to the Company's manufacturing plant, Purplebee's in Colorado.  In May 2021, Schwazze announced its BioSciences division and in August 2021 it commenced home delivery services in Colorado.\nAbout SchwazzeSchwazze (OTCQX: SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can devel...