Schwazze (SHWZ) – A Change in Management

Retail and Consumer
0 min read

Thursday, October 13, 2022

Schwazze (OTCQX:SHWZ, NEO:SHWZ) is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to take its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

A New President. Schwazze announced yesterday the Company has appointed Nirup Krishamurthy as President, effective immediately. His new responsibilities include oversight and responsibility for strategic planning, growth initiatives in core markets, and operational execution. He also will work with the Executive Leadership Team (ELT), which will report directly to him. Nirup joined the Company in 2020 as Chief Operating Officer, and will continue to report directly to CEO Justin Dye.

Saying Goodbyes. The Company also announced the retirement of Chief Financial Officer Nancy Huber due to personal reasons; however, she will remain with the Company as CFO for an indefinite period of time as an active search for a replacement is being conducted. She also will be helping in the transition of responsibilities. Nancy Huber joined Schwazze in 2019 as CFO, and has helped grow the Company from 20 employees in one state to 725 in two states.

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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. 


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