Replies to post #15968 on Medicine Man Technologies Inc (SHWZ)

[Gee4030]

The pumpers here avoid ur question like the plaque….in my opinion it most definitely is the situation….I just don’t see these larger volume trades as retailers….Also there is the situation with the industry as a whole,which has dropping sales in the established markets….I’m sure some are expecting an earning miss….hopefully shwz surprises the sellers and we get a nice report with strong forward guidance….I still think the sector will move positively as we get closer to mid terms due to the typical politicians, such as Schumer hyping his broken promise marijuana plan…..jmo

[Fallingknife75]

It would be helpful if you provided a link to the conversion information you are asking about. With that being said, a large majority of the outstanding Preferred shares are owned by insiders. They may convert them into Common but are quite unlikely to be selling them.

The bottom of Page 9 and top paragraph of page 10 from the most recent quarterly filing shows the Dec 2020 - Mar 2021 Preferred share issuance. As best I can tell this is what your question is about.

https://www.otcmarkets.com/filing/html?id=15355908&guid=MXFwkeZf97SOQth

From December 2020 through March 2021 the Company completed a private placement of Series A Cumulative Convertible Preferred Stock (“Series A Preferred Stock”) for aggregate gross proceeds of $57.7 million dollars. In the private placement, the Company issued and sold an aggregate of 57,700 shares of Series A Preferred Stock at a price of $1,000 per share under securities purchase agreements with Dye Capital Cann Holdings II, LLC (“Dye Cann II”) and CRW Cann Holdings, LLC (“CRW”) as well as subscription agreements with unaffiliated investors.

In addition, on December 16, 2020, the Company issued and sold a Convertible Promissory Note and Security Agreement in the original principal amount of $5,000,000 to Dye Capital & Company, LLC (“Dye Capital”). On February 26, 2021, Dye Capital converted all outstanding amounts under the note into 5,060 shares of Series A Preferred Stock.

Dye Capital, as the name would imply is run by our CEO Justin Dye https://dyecapital.com/welcome/team/ so it's pretty safe to say he is not selling any shares.

CRW Cann Holdings, LLC. was Co-Founded by Jeff Cozad one of our Board members, read the top of his profile here https://ir.schwazze.com/corporate-governance/board-of-directors

Jeff Cozad is the co-founder of CRW Cann Holdings, LLC – a special purpose vehicle created to support Schwazze’s vision of becoming the dominant, vertically integrated player in the Colorado cannabis market.

Somehow I don't believe he would be selling any shares either.

I believe this convers all of the Preferred shares eligible for conversion at this time.

All the best,

Knife