Cannabis Co. Schwazze Enters Cultivation Space With The $11.3M Acquisition of Southern Colorado Growers

company Schwazze (OTCQX: SHWZ), previously known as Medicine Man Technologies Inc., revealed Tuesday it will buy the assets of Southern Colorado Growers in Huerfano County, Colorado for $11.3 million.

What Happened

The Denver, Colorado-based company agreed to buy 34 acres of land, which include outdoor cultivation capacity, indoor greenhouse, hoop house as well as cultivation facilities and gear.

Under the proposed deal, Schwazze will pay $6.8 million for the business and $4.5 million for real estate and farm assets. The total sum to be paid amounts to $11.3 million consisting of $5.9 million in cash …

Full story available on Benzinga.com

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