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Cannabis Operator Schwazze Closes Acquisition of Smoking Gun, Smoking Gun Land Co Assets.

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Vincent

MANews-(C)2009-2021

US-based cannabis company Schwazze (OTCQX: SHWZ) has closed the acquisition of the assets of Smoking Gun, LLC and Smoking Gun Land Company, LLC, the company said.

Total consideration for the acquisition was USD 4m in cash and 100,000 shares of Schwazze common stock upon closing.

The Smoking Gun dispensary and assets are located on a prime retail corner on Colorado Blvd. in Glendale, Colorado in the center of the greater Denver metro area.

This acquisition is part of the company's continuing retail expansion plan in Colorado, and including the recently announced planned acquisitions in New Mexico (December 3, 2021), brings the total number of dispensaries to 32.

Since April 2020, Schwazze acquired or announced the planned acquisition of 32 cannabis dispensaries, including the ten R. Greenleaf New Mexico dispensaries.

In 2021, the company also acquired or announced the planned acquisition of seven cultivation facilities, three in Colorado - SCG Holding LLC, Brow 2 LLC and Star Buds -...

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