Schwazze Cannabis Co. Closes $11M Acquisition Of Southern Colorado Growers, Makes 'First Major Move Into Cultivation'

company Schwazze (OTCQX: SHWZ), previously known as Medicine Man Technologies Inc., purchased Southern Colorado Growers in Huerfano County, Colorado for $11.3 million, including $5.9 million in cash and $5.4 million in stock.

What Happened

The company closed the previously announced acquisition that boosted its footprint in Colorado by 34 acres of land, including outdoor cultivation capacity and indoor, greenhouse and hoop house cultivation facilities and equipment.

The price tag included $6.8 million the Denver company paid for the business and $4.5 million it …

Full story available on Benzinga.com

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