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Little Known Questions About Medicine Man Technologies Inc SHWZ:OTCQX - CNBC.
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Then there is the medicinal-use side, in which cannabis is used to deal with specific illness and conditions. Dye definitely sees the capacity for medical-weed dispensaries, and they will add a few of those in specific areas on a choose basis, specifically in those jurisdictions that only allow medical Marijuana. However, his experience is that as soon as a location has adult usage, the market swings significantly over to the leisure side.
M&A Method, Schwazze has actually been rather acquisitive as they quickly grow out their organization. Dye uses a highly methodical approach in acquiring and integrating other businesses. It begins by looking at the state of Colorado, putting all the stores on a map, and pulling metric reports. They examine who has one of the most volume out of their dispensaries.
Can they grow density and market share by making the acquisition? Then they take a look at their own internal abilities: Can they run their playbook and operate their blueprint at these places? Do Official Info Here have the personnel available to handle that outlet? If the response is yes and there is synergy, then they think about moving forward.
Cash Raising and Stock Listing Possibilities, Typically, Schwazze has actually been buying business for cash. They try to find business anywhere from 2 to 5 times EBITDA. Schwazze currently rests on $21 M in cash. They are presently creating complimentary money. A few of these acquisitions will be paid of the balance sheet from money flow generation.
Not known Details About Medicine Man Changes Name To Schwazze, Ticker To SHWZ
The good news is the cost of capital is boiling down. In addition, with the size and scale that they have, they're attracting more pools of capital. Dye believes that need to they need to raise capital, the marketplaces are open for them. As far as listing on numerous marketplaces goes, there is a bit of guideline to get rid of.
Federal level, as a U.S. operator of plant-touching operations, they do not have access to the NASDAQ or the New York Stock Exchange. There are other exchanges beyond this country where they can, particularly in Canada. Color showed that that might be interesting and something that they might explore.
