Medicine Man Technologies, Inc. MDCL announced it will acquire Colorado-based cannabis farm, Los Sueños Farms, LLC, and cannabis dispensary Mesa Organics Ltd.
These acquisitions will increase Medicine Man Technologies’ footprint and expand its operations in cultivation, extraction, production and sales.
Need more cannabis news? Check out all of our coverage here.
The acquisitions were made possible by the passage of House Bill 19-1090, which was signed into law in Colorado on May 29, opening up Colorado’s cannabis industry to outside investors.
Medicine Man shares were up 4.29 percent at $3.65 at the time of publication Wednesday.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.