CBD Guide
  • Home
  • Education
  • Guides
  • Reviews
  • News
No Result
View All Result
  • Home
  • Education
  • Guides
  • Reviews
  • News
No Result
View All Result
CBD Guide
No Result
View All Result
Home News

Schwazze Acquires 14 Colorado Star Buds Locations

Jean Martinez by Jean Martinez
June 10, 2020
in News
0 0
0
Schwazze Acquires 14 Colorado Star Buds Locations
51
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Denver-based Schwazze, formally Medicine Man Technologies Inc., is set to acquire 14 Star Buds locations throughout Colorado in a $118 million cash and stock deal. Four of the dispensaries are located in Denver – along with a cultivation site in the city – while two are in Aurora, and one each in Commerce City, Longmont, Louisville, Niwot, Pueblo, Pueblo West, and Westminster.

The company said the 14 locations collectively earned approximately $50 million in revenue with strong earnings before interest, taxes, depreciation and amortization (EBITDA) margin. Star Buds was established in 2013 and in addition to Colorado, operates one dispensary in Baltimore, Maryland and six throughout Oklahoma.

Brian Ruden, Star Buds owner, operator, and Schwazze Board Member said Schawzze’s strategy “provides exciting opportunities for our employees, customers and the industry.”

“These transactions further Schwazze’s vision to create the most admired cannabis company in the world while remaining focused on customer experience, trusted branding, and strong profitability.” – Ruden in a statement

In April, in addition to its rebranding from Medicine Man to Schwazze, the company announced it had completed its acquisition of Mesa Organics and its Purplebee’s business – which marked the first since its entrance into the Colorado market. Mesa operates four southern Colorado dispensaries, while Purplebee’s is a cannabis extraction and manufacturing company. That deal was worth about $2.6 million in cash and $2.6 million in common stock shares.

The deal is expected to close in the third quarter of this year and the change of ownership has already been filed with state cannabis regulators.

This content has been curated and re-published from Ganjaprenuer.com. Please click the link below to view this content from the original source.

Original Source: Schwazze Acquires 14 Colorado Star Buds Locations

Content Credits: Originally written by TG Branfalt and published to Ganjaprenuer.com on 2020-06-09 15:39:22.

Previous Post

South Dakota Gov. Outlines Hemp Legalization ‘Guardrails’ 

Next Post

Feds File Lawsuit Over CBD Company’s Health Claims

Related Posts

Wyoming Tribe Moves Toward Hemp and Medical Cannabis Legalization
News

Wyoming Tribe Moves Toward Hemp and Medical Cannabis Legalization

August 31, 2020
Oklahoma to Revoke Testing Lab’s License Amid Scandal
News

Oklahoma to Revoke Testing Lab’s License Amid Scandal

August 30, 2020
Hemp-Based Burger Announced by Fake Meat Startup
News

Hemp-Based Burger Announced by Fake Meat Startup

August 29, 2020
Florida Adds Edibles to Medical Cannabis Program
News

Florida Adds Edibles to Medical Cannabis Program

August 28, 2020
Most Legal Marijuana States Had Fewer Vaping-Related Lung Injuries, Study Finds
Learn About CBD

Most Legal Marijuana States Had Fewer Vaping-Related Lung Injuries, Study Finds

August 27, 2020
Mitch McConnell Recommends Hemp-Based Face Masks
News

Mitch McConnell Recommends Hemp-Based Face Masks

August 27, 2020
Next Post
Feds File Lawsuit Over CBD Company’s Health Claims

Feds File Lawsuit Over CBD Company’s Health Claims

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Recent Posts

  • Wyoming Tribe Moves Toward Hemp and Medical Cannabis Legalization
  • Oklahoma to Revoke Testing Lab’s License Amid Scandal
  • Hemp-Based Burger Announced by Fake Meat Startup
  • Florida Adds Edibles to Medical Cannabis Program
  • Most Legal Marijuana States Had Fewer Vaping-Related Lung Injuries, Study Finds

Recent Comments

  • Jean Martinez on Colorado Gov. Signs Cannabis Social Equity Bill
  • kiran on Colorado Gov. Signs Cannabis Social Equity Bill

Archives

  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
CBD Guide

© 2020 CBDGuide.io, All Rights Reserved.

Site Navigation

  • Affiliate Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact us

Follow Us

No Result
View All Result
  • Home
  • Education
  • Guides
  • Reviews
  • News

© 2020 CBDGuide.io, All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
0
0
Would love your thoughts, please comment.x
()
x
| Reply