As in number of dispensaries. Industrywide revenues as reported were stunted in last batch of consolidated reports for both CO and NM. Company expansion (growth) at the expense of those that cannot compete in such a difficult climate has been occurring at a faster rate. The only pubco comps left in either CO and NM are $CCHWF and $GDNS, neither of which has been doing well despite being in "other" States and are credited as true MSOs as a result? Like increased overhead much they do? The growth from 40 to what is by my count now 66 (as reported licensed locations and announced locations) via open sources is a 65% increase in '23 footprint from '22 Year End is parabolic. In sum, this frog is going to have a sore ass when done. Yes, times are tough, but they are executing a strategy that I believe has merit as the industry slogs along with the latest govt SAFE teaser in tow.
DENVER, Dec. 19, 2022 /CNW/ - PRESS RELEASE - Medicine Man Technologies, operating as Schwazze, a vertically integrated, multi-state operating cannabis company with assets in Colorado and New Mexico, reaches company milestone of 40 dispensaries across both states. On Dec. 15, Schwazze closed the transaction to acquire certain assets of Lightshade Labs LLC. The transaction included the adult-use Lightshade dispensaries located at 503 Havana St. in Aurora, as well as 2215 E. Mississippi Ave. in Denver's vibrant Washington Park neighborhood. The consideration for the acquisition was US$2.75 million which was paid as all cash.
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