Replies to post #5916 on Medicine Man Technologies Inc (SHWZ)

[damAcon1]

I hate to be a pessimist. I hope RootsRX goes through but I dont feel like it will. The agreement was for $15M cash ($7.5M) and stock (~1.8M)...with the stock price at $2.95 (that's like 4,425,000 shares at a value of $1.20). Thirty percent of the cash payment ($2.25M) was deferred 1 year after close.

Here is hoping that RootsRX was willing to renegotiate. The agreement was announced 7 days after the Canyon Agreement (RootsRX execution date of 9/5/19, 8K post date of 9/6/19) so I am thinking we should hear the outcome any day...and likely tomorrow. I am feeling like it is unlikely to happen...and that the drop from $1.25 to $1.14, yesterday, was my confirmation.