Medicine Man Technologies, Inc. MDCL announced it will acquire Colorado-based cannabis farm, Los Sueños Farms, LLC, and cannabis dispensary Mesa Organics Ltd.
These acquisitions will increase Medicine Man Technologies’ footprint and expand its operations in cultivation, extraction, production and sales.
Need more cannabis news? Check out all of our coverage here.
The acquisitions were made possible by the passage of House Bill 19-1090, which was signed into law in Colorado on May 29, opening up Colorado’s cannabis industry to outside investors.
Medicine Man shares were up 4.29 percent at $3.65 at the time of publication Wednesday.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!