NEO: SHWZ
OTCQX: SHWZ
Continues go deepAdding to retail presence in Colorado
DENVER, September 14, 2022 /CNW/ – chatter, SHWZ SHWZ (“Schwazze”) or the “Company”), announced that it has signed definitive documents to acquire certain assets from Lightshade Labs LLC (“light shadow”). The proposed transaction includes the Lightshade adult dispensaries located at 503 Havana St. in Aurora and 2215 E. Mississippi Ave. located in Aurora Denver vibrant neighborhood of Washington Park. This acquisition continues Schwazze’s aggressive expansion Colorado and upon completion will bring the total number of the company Colorado pharmacies until 25.
The consideration for the planned takeover is $2.75 million and is paid in cash. The acquisition is expected to close in the first quarter of 2023, upon receipt of the Colorado Marijuana Enforcement Division and local licensing approval.
“Schwazze is excited to expand our retail presence in the greater area Denver Area offering two additional retail locations to our existing 23 throughout Colorado. We look forward to extending our exceptional customer service and broad product selection to both new and existing customers at these new locations.” said CollinLodgeDepartment President of Colorado.
Since April 2020Schwazze has taken over 35 cannabis dispensaries as well as seven cultivation and two production facilities in or announced the planned takeover Colorado and New Mexico. in the May 2021Schwazze announced its BioSciences division and in Aug 2021 It started with home delivery services in Colorado.
About Schwazze
black SHWZ is building a leading 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 differentiated regional leadership. Schwazze is the parent company of a portfolio of leading cannabis companies and brands from seed to retail. The company strives to…
