Medicine Man Technologies, Inc. cancelled the acquisition of Capital G Ltd.
January 12, 2017
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Medicine Man Technologies, Inc. (OTCPK:MDCL) signed a non-binding term sheet agreement to acquire Capital G Ltd for $2.5 million in stock on July 26, 2016. As part of consideration, Medicine Man will offer approximately 1.3 million shares. The transaction is subject to due diligence as well as execution of definitive agreements, which shall contain customary representations. The transaction is expected to close on November 1, 2016.
Medicine Man Technologies, Inc. (OTCPK:MDCL) cancelled the acquisition of Capital G Ltd on January 13, 2017.
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. 
