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Medicine Man Technologies to Acquire 4 Additional Colorado Dispensaries for USD 50m
Wednesday 11 September 2019

11 September 2019 - Colorado, US-based cannabis company Medicine Man Technologies, Inc. (OTCQX: MDCL) has entered into a binding term sheet to acquire four additional dispensaries in Colorado from a cannabis retailer for USD 50,096,413, the company said.
Under the terms of the transaction, Medicine Man Technologies' purchase price consists of USD 25,048,206.50 in cash, the issuance of 4,202,720 shares of its common stock at a price of USD 2.98 per share, and a deferred cash payment of USD 12,524,103.25 to be made 12 months following the initial closing date.
The addition of the four dispensaries brings Medicine Man's ownership to 27 dispensaries.
Medicine Man Technologies (OTCQX: MDCL) is a provider of cannabis consulting services, nutrients and supplies. The company's client portfolio includes active and past clients in 20 states and 7 countries throughout the cannabis industry.
Details
Date Published: 11/09/2019
Target: Four additional dispensaries in,  Colorado 
Country: USA
Deal Size: 50m (USD)
Sector: Wholesale/Retail
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: Medicine Man Technologies
Comment:


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