Remember how last week the Colorado governor Jared Polis approved multiple cannabis reform bills, making acquisitions easier for the cannabis industry? It didn't fall on deaf ears. This week, Medicine Man announced the acquisition of 2 Colorado cannabis ventures.
Medicine Man Technologies, Inc. announced today that it has entered into a securities purchase agreement for the sale of Dye Capital, a private equity firm with extensive experience in aggressively growing and scaling businesses in retail and consumer brands. "The investment will continue to fund Medicine Man Technologies' aggressive growth and further establish it as one of the industry leaders in cannabis", they say.
Medicine Man Technologies has announced the following pending acquisitions:
- MedPharm Holdings – Colorado's first licensed cannabis research & phytopharmaceutical company;
- Medicine Man Denver - Colorado's leader in indoor cultivation and premium dispensaries;
- Los Sueños Farms - North America's largest sustainable cannabis farm; and
- Mesa Organics (d/b/a Purplebee's) - a cannabis products manufacturing company.
Los Sueños Farms is Colorado’s largest outdoor cannabis farm.