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Schwazze Announces Transformational Capital Raise, Entry Into New Mexico & Provides Business Update

PRIVATEDec 03, 2021

Round Type

Funding Round

DenverCommerce And ShoppingCommunity And LifestyleHealth CareSportsFood And Beverage

Description

Schwazze, (OTCQX:SHWZ) ("Schwazze" or the "Company"), one of the largest vertically integrated cannabis operators in Colorado, has entered into a securities purchase agreement with institutional investors and individuals under which the Company will issue and sell, subject to customary closing conditions, $95 million of principal amount and $93 million of funding amount (reflecting a 2% original issue discount) of convertible notes. The Company anticipates using the proceeds from the note to fund the cash consideration of recently announced acquisitions and other growth and expansion initiatives.

Quick answer

Medicine Man Technologies, Inc. raised an undisclosed amount in a Funding Round round, dated December 3, 2021. Medicine Man Technologies, Inc. is based in Denver, Colorado, United States.

How much did Medicine Man Technologies, Inc. raise?
Medicine Man Technologies, Inc. raised an undisclosed amount in a Funding Round round on December 3, 2021.
What does Medicine Man Technologies, Inc. do?
Medicine Man Technologies, Inc. was Schwazze’s former operating trade name.
Where is Medicine Man Technologies, Inc. based and how big is it?
Medicine Man Technologies, Inc. is based in Denver, Colorado, United States.

Source: Fundz verified event record.

Who else raised in Commerce And Shopping and Community And Lifestyle around the same time

Companies in the same sectors as Medicine Man Technologies, Inc. that raised within 45 days of this round, from Fundz verified event records.

  • PetPlate, Inc. raised $16M on December 17, 2021.
  • PetPlate, Inc. raised $19M (Series B) on December 15, 2021.
  • Vangst raised $19M (Series B) on January 13, 2022.
  • Leafly raised $30M (Convertible Note) on January 12, 2022.
  • Cresco Labs raised $62M on December 21, 2021.
  • The Valens Company raised $32M (Debt Financing) on December 16, 2021.

Who to call at Medicine Man Technologies, Inc., and when

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Company Information

Company

Medicine Man Technologies, Inc.

Location

Denver, Colorado, United States

About

Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze (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 develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company's leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices. Medicine Man Technologies, Inc. was Schwazze's former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

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