Medicine Man Technologies Inc (SHWZ)

[Marillionaire]

In states where the operations or the market itself is considered mature, valuations can be very, very attractive. For example, we recently initiated coverage of a company called Schwazze (OTCQX:SHWZ), and they operate in Colorado and New Mexico.

And Colorado is perhaps the closest thing to a mature cannabis that we have. So Colorado did over $2.2 billion in sales last year, but it is intensely competitive.

And combined with inflation and the impact on the consumer, we think Schwazze is very well positioned to acquire additional assets in a state like Colorado with little bidding competition.

So I’d say it does have an impact in as much as where you’re dealing with a more mature market, and you see pricing pressure on top of that, then the assets might be more attractively valued.