Medicine Man Technologies, Inc. Announces Resignation of Nirup Krishnamurthy as Member of the Board of Directors
February 23, 2024 at 07:31 am
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Medicine Man Technologies, Inc. announced on February 20, 2024, the Company received notice of the resignation of Nirup Krishnamurthy as a member of the Company?s board of directors of the Company pursuant to the Amended and Restated Employment Agreement, dated May 4, 2023, with such resignation being effective as of February 20, 2024 (the ?Separation Date?). Mr. Krishnamurthy tendered his resignation for personal reasons and not as a result of any disagreement on any matter relating to the Company?s operation, policies (including accounting or financial policies) or practices.
Medicine Man Technologies, Inc., operating as Schwazze, is a vertically integrated multi-state cannabis operator. The Companyâs business involves the cultivation, manufacturing, distribution and retail sale of cannabis and cannabis-related products. The Company sells products it manufactures and cultivates and a variety of other cannabis goods through wholly owned retail stores, licensing arrangements, and/or third-party operators and retailers. It has three segments: Retail, Wholesale and Other. The Retail segment consists of retail locations for the sale of cannabis products. The Wholesale segment consists of manufacturing, cultivation and sale of both wholesale cannabis and non-cannabis products. The Other segment encompasses the Companyâs general corporate operations, in-store advertisements and certain vendor promotions. It has operations in Colorado and New Mexico. The Company owns and operates 63 retail dispensaries, six cultivation facilities and three manufacturing facilities.