Schwazze To Buy Colorado Cultivation Grower Brow 2 For $6.7M In Cash

Schwazze (OTCQX: SHWZ), previously operating as Medicine Man Technologies, revealed Monday it has signed an agreement to acquire the assets of Brow 2, LLC, located in Denver, Colorado for $6.7 million in cash. The planned transaction includes a 37,000 square foot building (27,000 square feet of canopy) for indoor cultivation and equipment.

This transaction continues Schwazze's aggressive expansion in and will significantly enhance the Company's cultivation resources, providing product directly to its seventeen Star Buds brand dispensaries.

The acquisition is expected to close in the third quarter of 2021 after the Marijuana Enforcement Division and local licensing approval.

"We are looking forward to adding the Brow team to the growing Schwazze family,” Justin …

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