Medicine Man Technologies Inc. Provides Revenue Guidance for the Fiscal Year 2017
January 31, 2018 at 09:00 am
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Medicine Man Technologies Inc. provided revenue guidance for the fiscal year 2017. The company announced that it expects revenues for fiscal year 2017 to increase significantly over those reported in fiscal year 2016. As the company begins to close the books on fiscal year 2017 the company expects to achieve revenues of approximately $3.6 million, representing a 470% increase over those recorded in fiscal year 2016.
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.
MEDICINE MAN TECHNOLOGIES, INC. 
