I posted about it for 2 reasons. (1) It was an old term sheet target under AW that fell through when Dye took over. And, (2) Colorado has seemed to be a hot topic recently when it comes to publicly listed cannabis companies consolidating the industry.
I by no means am advocating for SHWZ to pick them up. Only following the news because it was one of the 'top tier' Colorado cannabis companies that AW touted.
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On June 1, 2020, High Country Supply, which owns several recreational cannabis dispensaries under the Colorado Harvest Company banner, terminated its $12.5 million sale to Schwazze. The company was projected to bring in $10 million in revenues per year.
Per STEM Holdings, CHC is expected to generate over $13 million in revenues in 2021, with a projected gross margin of $5M.
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