Medicine Man Technologies, Inc. (OTCMKTS:MDCL) Files An 8-K Other Events
Item 8.01 Other Events.
On September 9, 2019, Medicine Man Technologies (the “Company”), a Nevada corporation, issued a press release announcing its entry into a binding term with SB Aurora LLC, SB Arapahoe LLC, SB Alameda LLC, and SB 44th LLC to which the Company will acquire four dispensaries (the “Acquisition”).
A copy of the press release is attached hereto as Exhibit 99.1.
The Company previously disclosed the Acquisition in a current report on Form 8-K filed with the SEC on September 6, 2019.
Item 9.01. Financial Statements and Exhibits.
Medicine Man Technologies, Inc. Exhibit
EX-99.1 2 medman_8k-ex9901.htm PRESS RELEASE Exhibit 99.1 Medicine Man Technologies to Acquire an Additional Four Dispensaries from an Established Retailer – Largest Transaction in Company History · This group of four dispensaries is expected to have EBITDA margins of 35% in 2019 and will be among the most profitable retail locations in the Company’s portfolio,…
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About Medicine Man Technologies, Inc. (OTCMKTS:MDCL)
Medicine Man Technologies, Inc. is a cannabis consulting company. The Company provides consulting services for cannabis growing technologies and methodologies, as well as retail operations of cannabis products. The Company focuses on providing assistance to its clients in various businesses related to the cannabis industry, including cultivation; the dispensary business model, including combinations and other variables related to the retail model configuration of both a medical, as well as adult use (recreational) operation, and other areas, including but not limited to business plan generation, financial pro forma generation, application generation support, recommendations for other service providers, employee training and facility design services. It offers a separate cultivation or dispensary license and other related consultative services. It offers both pre-license consulting, as well as licensure services that generally tie to the size of the proposed business venture.