Medicine Man Technologies Inc (SHWZ)

[JT1971]

The reddit post was an older post, and the forecasts have been revised downwards to $41MM for Q2'23 in the Schwazze Whatsapp group based on the latest monthly reports:

Update to Q2'23 Forecasts based on latest estimates and confirmation from Investor Relations:

Total Revenues: $41.1MM

Revenues Broken Down as follows:
New Mexico Retail: $12MM (Based on New Mexico SHWZ Actuals for Q2'23, and assumes only pro rata contribution from Everest stores based on a June 1st, 2023 closing date)

Colorado Retail: $25MM (Based on New Mexico Market Actuals for April and May, and projected for June)

Colorado Wholesale: $4MM to $4.5MM (Based on adjustments in Bud prices per pound)

Other Revenues: $0.1MM (Held flat due to the exit of non-core businessses)

Adjusted EBITDA: $14.3MM

Operating Cash Flow Estimates: ~$2.7MM