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Medicine Man Denver Terminates Term Sheet with Schwazze (SHWZ) (Medicine Man Technologies, Inc.)

DENVER, CO / ACCESSWIRE / August 17, 2020 / Medicine Man Denver, a leading cultivator and retailer of cannabis in Colorado and a Denver-based pioneer in the marijuana industry, announced today that they are terminating their term sheet with Schwazze (OTCQX:SHWZ), formerly Medicine Man Technologies, Inc., effective the expiration of the agreement on August 20, 2020.

Sally Vander Veer, CEO of Medicine Man Denver, stated, "The recent decision to terminate our agreement with Schwazze is the right decision for both companies. We look forward to continuing to build Medicine Man Denver's footprint within our state in order to serve our customers, employees, and communities in which we work."

Andy Williams, President and co-founder of Medicine Man Denver stated, "Medicine Man will continue to help lead the growth of the Colorado cannabis industry to ensure our state maintains the leadership position in the US cannabis industry we enjoy." Andy also announced that Medicine Man Denver will begin a new search for a quality partner that has the desire to have a deep presence in the Colorado market with partners that have been leaders in this industry since its inception in 2009.

About Medicine Man Denver

Founded by the Williams brothers Andy and Pete in 2009, Medicine Man Denver is a majority family-owned business. Andy and Pete were joined shortly after the inception of the company by their sister Sally Vander Veer. Spearheaded by the trio, the Williams family are pioneers in the cannabis industry. Medicine Man Denver has been a leader in the Colorado industry since its inception in both performance of their business and in partnering to lead the maturation of the industry in the state through education, legislation, and regulation.

With years of experience in the world's first regulated market, The Williams Family are leading experts on the cannabis industry. They have been featured in The New York Times, Rolling Stone, CNN, The Wall Street Journal, BBC and the MSNBC docuseries "Pot Barons", and the docuseries "Family, Business", which features the Williams family and business as the core of the series.

For more information, visit: https://www.medicinemandenver.com/

Contact Information:

Andy Williams via
info@medicinemandenver.com

SOURCE: Medicine Man Technologies Inc.

View source version on accesswire.com:
https://www.accesswire.com/601990/Medicine-Man-Denver-Terminates-Term-Sheet-with-Schwazze-SHWZ-Medicine-Man-Technologies-Inc

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