Schwazze Brings Total Retail Dispensary Count to 40; Announces Completion of Lightshade Labs LLC Transaction in Colorado and an Additional R. Greenleaf Store Opening in New Mexico

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.

On the same day, Schwazze’s New Mexico retail banner, R.Greenleaf, located in Albuquerque, N.M., opened yet another adult-use dispensary – the fifth in 90 days. The newest location at 110 Yale Blvd SE in Albuquerque officially opened its doors for business on Dec. 15. Store operating hours are 9 a.m. to 9 p.m. Monday through Saturday; 9 a.m. to 8 p.m. on Sunday.

The R.Greenleaf Yale store opening continues the deliberate expansion throughout the state of New Mexico. This brings R.Greenleaf’s total number of New Mexico retail dispensaries to 15. All locations serve the needs of medical patients as well as recreational adult-use consumers.

R.Greenleaf Yale will offer introductory pricing on flower, edibles and vapes. Enrollment in the Gratify Rewards customer loyalty program is already open.

Albuquerque, New Mexico 87106

“Schwazze is excited to reach this company milestone of 40 retail stores across both the Colorado and New Mexico markets,” said Nirup Krishnamurthy, president of Schwazze. “Our team has worked extremely hard in 2022 to reach this major milestone. We are committed to extending exceptional customer service and wide product selections to all of our customers across Star Buds, Emerald Fields and R.Greenleaf retail banners.”

Since April 2020, Schwazze has acquired, opened or announced the planned acquisition of 40 cannabis retail dispensaries as well as seven cultivation facilities and two manufacturing plants in Colorado and New Mexico. In May 2021, Schwazze announced its Biosciences division and in August 2021 it commenced home delivery services in Colorado.