Medicine Man - SHWZ STOCK NEWS

Schwazze (OTCQX: SHWZ, NEO: SHWZ) celebrated the first adult recreational cannabis sale in New Mexico on April 1, 2022 at its R. Greenleaf locations. Two events took place at 12:01 AM in Las Cruces and 7:01 AM in Santa Fe. New Mexico's cannabis market is projected to grow by approximately 300% over the next five years, following the enactment of the Cannabis Regulation Act in 2021. Schwazze aims to leverage this growth as it operates ten dispensaries and four cultivation facilities in the region.

Schwazze (OTCQX: SHWZ, NEO: SHWZ) will host a year-end fourth quarter 2021 conference call and webcast on March 31, 2022, at 4:30 pm ET. Investors can participate by dialing 416 764 8650 or 888-664-6383 for toll-free access, or by listening to the webcast on the Company's website. A replay will be available until April 7, 2022. The call will feature CEO Justin Dye and CFO Nancy Huber, who will answer investor questions submitted in advance or during the call.

Medicine Man Technologies, Inc., trading as Schwazze (OTCQX: SHWZ), has received final approval to list its common shares on the NEO Exchange in Toronto, starting March 23, 2022. This listing aims to enhance visibility and attract more retail and institutional investors. According to CFO Nancy Huber, the listing marks a significant milestone, providing a platform to reach new investor audiences and increase liquidity. Schwazze is focused on expanding its vertically integrated cannabis operations across Colorado and New Mexico.

OTCQX: SHWZ announced its acquisition of Urban Health & Wellness, Inc. for US$3.2 million, comprising $1.3 million in cash and $1.9 million in stock. This strategic move expands Schwazze's presence in Colorado, adding an Urban Dispensary and a 7,200-square-foot indoor cultivation facility, raising its total dispensary count to 23. The deal is anticipated to close in Q2 2022, pending local licensing approval. Since April 2020, Schwazze has made 33 cannabis dispensary acquisitions, enhancing its operational footprint in Colorado and New Mexico.

Schwazze (OTCQX: SHWZ) has successfully acquired Brow 2, LLC, enhancing its indoor cultivation capacity by adding a 37,000 square foot facility in Denver, Colorado, for $6.7 million. This acquisition is a pivotal part of Schwazze's growth strategy, allowing the company to supply its dispensaries with high-quality indoor flower. With this deal, Schwazze continues its aggressive expansion in Colorado, having completed five acquisitions since December 2021, which include a total of 15 cannabis dispensaries and six cultivation facilities.

Schwazze (OTCQX: SHWZ) has appointed Steve Pear as President of its New Mexico Division, alongside key leaders Alex Falter-Hahn and Jacob White, to bolster its expansion in the state's cannabis market. Pear, previously CEO of Happy Gut Brands, brings extensive experience from Coca-Cola and Odwalla. Falter-Hahn served as CFO at RGA, while White has a strong background in New Mexico's medical cannabis sector. The move coincides with the state's transition to recreational cannabis sales starting April 1, 2022, with expectations of market growth of approximately 300% over the next five years.

Schwazze (OTCQX: SHWZ) has completed the acquisition of operating assets from Reynold Greenleaf & Associates and Elemental Kitchen & Laboratories for a total of $42 million. The deal includes $25 million in cash and a $17 million seller note at 5% interest. With this acquisition, Schwazze expands its operations into New Mexico, becoming a multi-state operator with a total of 32 dispensaries and multiple cultivation facilities. The New Mexico cannabis market is projected to grow by 300% in the next five years, enhancing Schwazze's growth potential.

Schwazze (OTCQX: SHWZ) has announced key leadership additions to support its expansion in manufacturing, cultivation, and information technology. David Kaufman joins as Vice President of Manufacturing and Supply Chain, bringing extensive experience and a proven track record in operational improvements. Steven Liedtke, as Vice President of Information Services, will enhance Schwazze's digital transformation initiatives. Robert Piziali becomes Vice President of Cultivation with two decades of operational management in the cannabis and wine industries. These appointments aim to strengthen Schwazze's growth strategy.

Schwazze (OTCQX: SHWZ) has successfully completed the acquisition of BG3 Investments, LLC, which operates two cannabis dispensaries in Boulder, Colorado. The acquisition aligns with Schwazze's strategy to expand its presence in Colorado's cannabis market, increasing its total dispensary count to twenty. The deal was valued at $3.5 million, comprised of $1.9 million in cash and $1.6 million in common stock. Schwazze continues to focus on enhancing customer experiences and expanding its operational footprint across the region.