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SCHWAZZE CLOSES ACQUISITION OF COLORADO CULTIVATION GROWER BROW 2, LLC
SCHWAZZE CLOSES ACQUISITION OF COLORADO CULTIVATION GROWER BROW 2, LLC.
About this update from Medicine Man Technologies Inc.
[{"type":"text","content":"\n\n\n\nSCHWAZZE CLOSES ACQUISITION OF COLORADO CULTIVATION GROWER BROW 2, 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 COLORADO CULTIVATION GROWER BROW 2, LLC\nPR Newswire\nDENVER, Feb. 16, 2022\n\n\n\nOTCQX: SHWZ\nAdditional Indoor Grow Acquisition Increases Cultivation CapacityCompany Continues to Execute Growth Strategy Through Acquisitions \n DENVER, Feb. 16, 2022 /PRNewswire/ - Schwazze, (OTCQX: SHWZ) (\"Schwazze\" or the \"Company\"), announced today that it has closed the transaction to acquire the assets of Brow 2, LLC, located in Denver, Colorado.  The planned transaction includes a 37,000 square foot building and equipment designed for indoor cultivation. This transaction continues Schwazze's aggressive expansion in Colorado and will enhance the Company's cultivation capabilities, providing product directly to its dispensaries.  The consideration for the acquisition was $6.7 million and was paid in cash at closing. \n\"This is another step in building operational depth and capabilities in Colorado for Schwazze.  This acquisition will add a talented team of growers, high-quality indoor flower cultivation capacity, new strain genetics, and another profitable asset to our platform. The new facility will supply our growing network of dispensaries and customers with a broad assortment of high-quality indoor flower,\" said Justin Dye, Schwazze's CEO.  \nCorporate UpdateLate in 2021, Schwazze announced a transformational $95 million raise with institutional investors and individuals, allowing the Company to expedite its aggressive expansion plans and become a regional MSO with operations in Colorado and New Mexico.  The Company's differentiated strategy is to build a leadership position in retail and operational depth within its operating areas.\nSince December 2021, Schwazze has completed five acquisitions adding a total of 15 cannabis dispensaries, including Smoking Gun (December 2021); Drift (February 2022); Emera...