Replies to post #11308 on Medicine Man Technologies Inc (SHWZ)

[Hooparena]

First, Curaleaf was founded by Bob DeGabrielle, a previous board of director with MDCL and one of AW's close friends so this deal wasn't going to be resurrected again with SHWZ.

Here was the original press release from MDCL when the deal was first made
https://www.otcmarkets.com/stock/SHWZ/news/Medicine-Man-Technologies-Inc-Announces-Entry-into-Binding-Term-Sheets-for-Two-Strategic-Cannabis-Acquisitions?id=230645

In my opinion, I think Dye wants to stick with mainly indoor growing facilities to fund growth. I think he doesn't want the effects of weather/environmental issues possibly affecting future crops which could severely effect the bottom line in the event of a bad weather growing season. Growing indoors can protect the crops and assure you have enough product to meet the demand. Just a guess on my part because Dye seemed to let a lot of the outdoor growth acquisitions expire. Could be because of what I am guessing or it could just be because the expired deals weren't accretive to earnings. Los Seunos is mainly an outdoor grower but does have some indoor growing facilities.

Curaleaf is paying a total of $67 million for Los Seunos which seems like a lot. But it is hard to evaluate these deals everyday because of the consolidation in the cannabis field.