Movers and SHAKERS
Schwazze: Building a "Seed to Sale" Colorado Powerhouse
Medicine Man Technologies, Inc. is now operating under its new trade name, Schwazze. Schwazze is executing its strategy to become a leading vertically integrated cannabis holding company with a portfolio consisting of top-tier licensed brands spanning cultivation, extraction, infused-product manufacturing, dispensary operations, consulting, and a nutrient line. Schwazze leadership includes Colorado cannabis leaders with proven expertise in product and business development as well as top-tier executives from Fortune 500 companies. As a leading platform for vertical integration, Schwazze is strengthening the operational efficiency of the cannabis industry in Colorado and beyond, promoting sustainable growth and increased access to capital, while delivering best-quality service and products to the end consumer. The corporate entity continues to be named Medicine Man Technologies, Inc.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Initiating Coverage. We are initiating coverage of Schwazze. Our rating and price target assume the Company is successful in its acquisition of Star Buds. At our price target SHWZ shares would trade at 3.5x projected 2021 revenue and 14.2x projected 2021 EBITDA.
Experienced Management Team. Lead by former Albertson's executive Justin Dye, Schwazze has assembled a management team with deep experience in both the cannabis business as well as finance, M&A, and operations. Significantly, Mr. Dye and the executive team are highly motivated through their ownership interest in delivering success for shareholders ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.