MDCL - Medicine Man Technologies, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
-0.0100 (-0.34%)
At close: 3:59PM EST
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Previous Close2.9500
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range2.8500 - 3.0500
52 Week Range1.0600 - 4.1700
Avg. Volume80,910
Market Cap117.461M
Beta (3Y Monthly)1.29
PE Ratio (TTM)N/A
EPS (TTM)-0.6440
Earnings DateNov 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • 3 Cannabis Stocks That Should Surprise the Market by Rocking 2020

    3 Cannabis Stocks That Should Surprise the Market by Rocking 2020

    It's no secret that the overall cannabis market has been going through a correction, with many of the well-known names like Canopy Growth (CGC) and Aurora Cannabis (ACB) getting hammered.While I expect a turnaround by mid-year 2020, there are some companies that are likely to catch many in the market by surprise, and be among the top performers of 2020.In this article we'll look at why those three stocks have enormous potential over the next 12 to 18 months.Cresco Labs (CRLBF) Of the three companies covered in this article, Cresco Labs is projected to be the industry leader for revenue in 2020, although it also comes with the caveat of needing to close its deal with Origin House to achieve its projected sales numbers.Also, if the deal does pass regulatory scrutiny, another issue will be the timing of the approval and closing of the deal, which will determine how much of Origin's sales will be included in the performance of Cresco Labs in fiscal 2020.The four 2020 revenue estimates for Cresco are in a range of $670 million to $775 million, with an average of $738 million. For some perspective, the projected No. 2 revenue leader for 2020, Canopy Growth, has a revenue estimate of $580 million for the year. That's a huge gap by any measure if the projections are accurate.There are a couple of reasons for the potential revenue growth. The first is the Origin House acquisition for $823 million.The importance there is Origin House is licensed for cannabis distribution in California, which includes over 500 dispensaries it can sell its products in.Outside of the Origin House deal, Cresco Labs also has 56 retail licenses and 23 cultivation licenses in 11 states, which includes many of the largest cannabis markets in the U.S.Even without the Origin House deal Cresco would post some solid numbers, but if it does receive approval from U.S. Justice Department, it's probably going to rapidly become the largest cannabis company in the world as measured by revenue.I'm not totally convinced yet that the deal for Origin House is guaranteed to be approved, primarily because the Justice Department has started to take a narrower view of potential market domination by larger players. But if it does pass, it's going to be a huge game changer for Cresco.I don't believe it's priced into Cresco at this time, and if it able to close on the deal, combined with its expansion in other states, it's going to shock and surprise a lot of people at the amount of revenue it is able to generate.On the negative side, there is also the fact it will heavily dilute itself in the all-stock deal.While I think the revenue projections may be on the high side, even if they don't quite reach those levels, Cresco is going to become a top player in 2020. It doesn't trade at a lot of daily volume at this time, so when the market starts to take notice of its growth potential, volume is going to skyrocket along with its share price.On the other hand, if Origin House doesn't close, the market will punish it heavily, even if it does enjoy growth from its existing business.The word of the Street is an overwhelmingly bullish one for this cannabis stock, as TipRanks analytics exhibit Cresco as a Strong Buy. Out of 5 analysts polled in the last 3 months, all 5 are bullish on the stock. With a return potential of 155%, the stock’s consensus target price stands at $14.13. (See Cresco's price targets and analyst ratings on TipRanks).Harvest Health & Recreation (HRVSF)Harvest Health & Recreation, like Cresco Labs is reliant upon closing acquisitions to reach the projected 2020 revenue potential the market is looking for.The company has a number of pending deals to be closed, including CannaPharmacy, Devine Holdings, Falcon, and Verano Holdings.The largest of these should be the first approved of, as Harvest Health waits for Verano Holdings to pass the waiting period associated with the HSR Act on December 4.In the second quarter Harvest Health generated revenues of $26.6 million. After these deals close it's expected to produce pro forma quarterly revenues of $78 million. Analysts covering the company project 2021 revenues to soar to an astounding $1.28 billion.One downside for Harvest Health is there are no visible numbers investors can sift through because of the companies it's acquiring being private. So until the deals are closed and a quarter or two are under its belt, the market probably won't reward the company in the near term, as much as it will further out if the projected revenue results prove to be accurate.If they are, I think Harvest Health could easily triple from there.Analysts agree. Among those who do cover the stock, the consensus is a Moderate Buy, and the 12-month average price target stands tall at $15.313, implying room for a robust 477% upside from current levels. (See Harvest Health stock-price forecasts and analyst ratings on TipRanks)Medicine Man Technologies (MDCL)Medicine Man Technologies has potential to have its share price soar more than even Harvest Health and Cresco in 2020. The company is expected to close on 12 deals in the first half of 2020.Management said this in the last earnings report:> "Upon closing of these acquisitions, which we anticipate in the first half of 2020, the company will have 12 cultivation operations, 7 product manufacturing operations, 34 dispensaries including two currently under construction, world-class research and development capabilities and infrastructure, all built for scalability."I have no problem agreeing with the assertion by management that it'll be one of the largest cannabis competitors in the North American market, once these deals are closed.The company stated that on their own, the combined revenue coming from the acquisitions will be $170 million. It also said it expects "healthy EBITDA margins."Assuming the company is willing and able to close on these deals, I see it getting its huge increase in share price from a ongoing string of media reports on the closing of the 12 deals and the impact they'll have on the performance of the company.With little in the way of short-term visibility for these acquisitions, there won't be a lot of knowledge concerning fundamentals until the company starts to report the impact of the new businesses on its top and bottom lines. That won't come till further out.For that reason, I do believe the share price of Medicine Man Technologies has the potential to skyrocket in 2020, but I'm not certain it will be able to maintain support levels once the numbers start coming in. (Get TipRanks' free stock analysis report on Medicine Man)ConclusionAll three of the companies covered in this article have the potential to surprise the market to the upside in 2020. The caveat for all three of them is they are dependent upon acquisitions to achieve their numbers. The other issue is there's not guarantee all the proposed deals will be allowed to go forward or close.While I think the majority of them will close, the question is which ones won't close, and what impact it'll have on revenue.More important, my thesis is that all three of these companies should enjoy a strong boost in share price in 2020. It has yet to be proven whether or not these increases in value will be sustainable based upon revenue and earnings outcomes.For that reason I see Medicine Man Technologies, Inc., Harvest Health & Recreation, and Cresco Labs having a lot of potential upside over the next 12 to 18 months, but once more visibility comes concerning revenue, earnings, debt and dilution, and how strongly the cannabis market rebounds in 2020, it's questionable as to whether or not they'll be able to grow organically once the companies are under their wings.If these companies perform as I expect them to, once they get rewarded by investors for the deals being made, I would take my profits and wait to see if they will be able to grow beyond the initial positive impact of the immediate revenue added to their numbers.To find other good ideas for cannabis stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Benzinga

    Medicine Man Technologies Reports Q3 Net Loss Of $1.83M

    Medicine Man Technologies, Inc. (OTC: MDCL ) posted third-quarter revenue of $5.34 million on Monday, up 14% from $4.67 million in the same quarter of 2018. The company disclosed a net loss for the quarter ...

  • 3 Cannabis Stocks Bucking the Downtrend

    3 Cannabis Stocks Bucking the Downtrend

    The vast majority of the cannabis market has been beaten down over the last year as the market is concerned about a myriad of issues in the once hyped sector. The Canadian sales aren’t living up to expectations after recreational cannabis legalization in October 2018 and the U.S. companies are facing issues with raising capital at reasonable costs due to a lack of cannabis legalization on a federal level.The global market is still forecast to top $200 billion in annual sales in the distant future, but investors always need to remember that companies have to survive the present market. The cannabis sector is rife with opportunities under the surface while the majority of the media headlines focuses on the major Canadian LPs that obtained lofty valuations in the initial market over reaction to the potential cannabis opportunity.Market darling Aurora Cannabis (ACB) is down over 60% from the 2019 peak over $10 and the stock has lost ~28% from the starting price for the year. The original IPO hype from Tilray (TLRY) sent the stock surging to $300. In the months following, the Tilray has lost up 90% of the peak value and the stock is down nearly 70% YTD. A whole list of dozens of Canadian and U.S. cannabis stocks have suffered similar fate in 2019.The market isn’t all bad, but investors haven’t made any money this year chasing the well-known names. We’ve delved into these three cannabis companies that have generated stock gains in 2019 and are poised for more upside going into 2020:Trulieve Cannabis (TCNNF)Though Trulieve Cannabis is down from the highs above $16 this year, the stock started the year around $8 and has generated a 35% gain YTD with the current move above $11. The U.S. multi-state operator (MSO) based in Florida avoided the high-profile acquisitions around the market peak that has snagged the other major MSOs. The company focused on profitability over pure revenue growth and the stock has rewarded shareholders this year.Trulieve recently opened their 39th store in Florida and is slowly moving beyond a Florida focus while most other players took the aggressive expansion plan to reach operations in as many states as plausible. The company now has plans to enter California, Massachusetts and Connecticut plus a couple of other states this year via minor deals where Trulieve will only have one or two retail dispensaries in each of these news states at year end.Even without aggressive acquisitions, the company still produced 149% revenue growth in the June quarter. The most impressive part of the Trulieve story is that the company has 65% gross margins and only spends mid-20% of revenues on operating expenses to generate a substantial EBITDA margin.The stock has a market value of $1.2 billion with revenue targets approaching $400 million in 2020. The company generated over $31 million in adjusted EBTIDA in the last quarter alone allowing for more stock gains with these strong bottom line metrics in a market where most companies produce loses.All in all, Wall Street is quite positive on this 'Moderate Buy' stock; Trulieve has received 2 'buy,' and one 'hold' ratings in the last three months. Running the numbers across the Street, the 12-month average price target lands at $19.62, representing over 70% upside from current levels. (Find out how the Street’s average price target for Trulieve breaks down)Village Farms (VFF)Another company that has generated stock gains this year is Village Farms, despite a scathing report from Citron Research back in April. The research firm known for aggressive short positions suggested the company had so many red flags the stock should be valued at $1.While half the cannabis sector stocks are actually trading at $1, Village Farms is now up over 140% from the January price in the face of these allegations. The company created a 50%-owned JV to turn greenhouses growing vegetables into a cannabis cultivation business that has worked better than planned.The stock is worth $412 million, and Village Farms generated $53.5 million in quarterly revenues with $12.1 million from the Pure Sun Farms JV. The ability to generated $4.6 million in EBITDA from converting existing facilities and producing low-cost cannabis has won over investors.The Pure Sunfarms JV is already working on doubling annual cannabis production to 150,000 kg with the ability to further increase expansion to 330,000 kg via other greenhouses. In addition, Village Farms is busy building up a domestic U.S. network of land in Virginia, North Carolina, South Carolina, Colorado and Texas to grow hemp to extract hemp-based CBD oil.Analysts only target the company generating $230 million in 2020 revenues providing for substantial upside as additional cannabis and CBD supplies reach the market including recent expansion into higher margin branded products. Village Farms falls into the group of stocks with more upside having not been hyped this year due to the Citron report.TipRanks’ data shows a bullish camp backing this cannabis player. The ‘Strong Buy’ stock has amassed 4 ‘buy’ ratings in the last three months, with no 'hold' or 'sale' ratings. The 12-month average price target stands tall at $31.76, marking nearly 284% in return potential for the stock. (See Village Farms stock-price forecast and analyst ratings on TipRanks)Medicine Man (MDCL)As the year started, Medicine Man hardly had a visible business in the cannabis sector. The company only generated 2018 revenues of $9.4 million while ending the year with only $3.4 million in current assets.The stock started the year trading at just above $1 and currently trades above $3 after reaching $4 as recently as September. The main driver of the stock price was an acquisition spree to snap up assets in Colorado following new regulations via the passing of HB19-1090 allowing for the consolidation of the industry via outside investors such as Medicine Man Tech.Over the course of six months since the passing of the bill in May, Medicine Man Tech. has bought a dozen companies pending approvals not expected until early 2020. The company forecasts the businesses generating 20% EBITDA margins with a goal of reaching 30% margins via collaborative growth and economies of scale.The major problem with the story is the lack of visibility of the financials from all of pending deals. The company reports Q3 result on November 11, but none of these businesses will be on the books yet. The stock still isn’t well known by the general investing public so any success by Medicine Man Tech to consolidate these businesses into a high margin business would reward shareholders. (Get TipRanks' free stock analysis report on Medicine Man)To find good ideas for cannabis stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • PR Newswire

    Medicine Man Technologies Announces Third Quarter 2019 Financial Results

    - Total Revenue Grew by 14% Y-O-Y Driven by Continued Growth in Consulting Services and Products with Success Nutrients and The Big Tomato - Company Strategy Fortified Through Seven Additional Pending ...

  • PR Newswire

    Medicine Man Technologies, Inc. to Host Q3 2019 Conference Call on November 11, 2019

    DENVER, Nov. 7, 2019 /PRNewswire/ -- Medicine Man Technologies, Inc. (MDCL) ("Medicine Man Technologies" or the "Company"), announced today that it will host a conference call to discuss operational and financial highlights from its third quarter 2019 on Monday, November 11, 2019 at 8:30 a.m. ET. Chief Executive Officer Andy Williams, Chief Operating Officer Joe Puglise, and Senior VP of Finance Nancy Huber will be available to answer questions following prepared remarks. A live webcast will also be available on the Company's website at

  • GlobeNewswire

    Emerging Leaders Targeting Billion Dollar Opportunities: Ice Cream, CBD, Beverages, Cannabis and Augmented Reality

    CEO Interviews with: NBEV, NGTF  News & VIDEO from Investor Conferences: NEXCF, MDCL  NEW YORK, Oct. 29, 2019 -- Wall Street Reporter, the trusted name in financial news.

  • Benzinga

    These Were The Companies Added And Removed From OTC Markets Indexes At The End Of Q3

    Most major cap-weighted indexes are rebalanced quarterly, semi-annually, or annually. This rebalancing consists of adding and removing securities based on market cap fluctuations throughout the quarter.  ...

  • Newsfile

    Medicine Man Technologies Discusses Their Acquisition Strategy with the Stock Day Podcast

    Phoenix, Arizona--(Newsfile Corp. - October 17, 2019) - The Stock Day Podcast welcomed Medicine Man Technologies (OTCQX: MDCL) ("the Company"), a rapidly growing provider of cannabis consulting services, nutrients, and supplies. CEO and Co-Founder of the Company, Andy Williams, joined Stock Day host Everett Jolly. To begin the interview, Jolly asked about the Company's history. Williams explained that Medicine Man Technologies was created in 2014 following his founding of Medicine Man in 2009, ...

  • PR Newswire

    Medicine Man Technologies to Present at Benzinga Cannabis Capital Conference

    - Andy Williams, Co-Founder and CEO, to be a guest speaker on panel discussing Colorado cannabis market DENVER , Oct. 17, 2019 /PRNewswire/ -- Medicine Man Technologies, Inc. (OTCQX: MDCL) ("Medicine ...

  • GlobeNewswire

    Four Innovators Targeting Multi-Billion-Dollar Market Opportunities in: E-Commerce, Healthcare Augmented Reality, and Cannabis

    NEW YORK, Oct. 16, 2019 -- Wall Street Reporter, the trusted name in financial news since 1843, has recently published published CEO Interviews, and conference presentation.

  • Newsfile

    Benzinga Announces: Medicine Man Technologies, Inc. Presenting at the Cannabis Capital Conference in Chicago

    Chicago, Illinois--(Newsfile Corp. - October 15, 2019) - Medicine Man Technologies, Inc. (OTCQX: MDCL), will be presenting at the 5th Benzinga Cannabis Capital Conference in Chicago October 22-23 before an audience of well-vetted public and private companies, and an audience of fellow institutional, family office and accredited investors looking for the right opportunities in a crowded and volatile market. Investment opportunities abound. For more information and/or to register for the conference please visit: ...


    MicroCap Rodeo Investor Conference Lineup for October 15 and 16, 2019

    AUSTIN, TX / ACCESSWIRE / October 15, 2019 / The MicroCap Rodeo's inaugural event is set for October 15, and 16 th , 2019 in Austin Texas at the Hilton downtown Austin. Focused on the best ideas concept, ...


    MicroCap Rodeo Investor Conference - Lineup for October 15 and 16, 2019

    AUSTIN, TX / ACCESSWIRE / October 15, 2019 / The MicroCap Rodeo's inaugural event is set for October 15, and 16 th , 2019 in Austin Texas at the Hilton downtown Austin. Focused on the best ideas concept, ...

  • Benzinga

    Cannabis Companies: House's SAFE Act Vote A Milestone, Offers Promise For More Diversity In Sector

    A vote in Congress to ease banking restrictions on cannabis companies is being praised for the possibility the legislation could make operating in the nascent industry much easier and more fair, and for the signal it sends that marijuana is moving toward establishment acceptability. The House on Wednesday overwhelmingly passed the SAFE Act, which would remove restrictions that prevent cannabis companies from using the banking system because the product, while legal in many states, remains federally illegal. The measure still would need approval from the Senate before continuing to President Donald Trump's desk.

  • PR Newswire

    Medicine Man Technologies Resoundingly Applauds the Historical Passing of the SAFE Banking Act by the U.S. House of Representatives

    DENVER, Sept. 26, 2019 /PRNewswire/ -- Medicine Man Technologies, Inc. (MDCL) ("Medicine Man Technologies" or the "Company") today applauded the passing of the Secure and Fair Enforcement (SAFE) Banking Act by the U.S. House of Representatives by a vote of 321-103. This proposed law would protect financial institutions that serve cannabis-related businesses from federal penalties in states where cannabis operations are legal and would allow consumers the ability to legally purchase cannabis products with other forms of payment besides cash.

  • GlobeNewswire

    Wall Street Reporter presents: “NEXT SUPER STOCK - Live!” Investor Conference September 26, 2019

    NEW YORK, Sept. 25, 2019 -- Wall Street Reporter will be hosting the “NEXT SUPER STOCK - Live!” livestream online-only investor conference on Thursday September 26, 2019 from.

  • GlobeNewswire

    New Ideas for Billion Dollar Markets: Emerging Leaders in Cannabis, Augmented Reality, and Healthcare

    CEO Interviews with: HEXO, HOTH, MDCL, NEXCFNews & VIDEO from Investor Conferences: NEXCF, MDCL NEW YORK, Sept. 18, 2019 -- Wall Street Reporter, the trusted name in.

  • PR Newswire

    Medicine Man Technologies to Present at Upcoming Cannabis Investor Conferences

    - Canaccord Genuity 2nd Annual U.S. Cannabis Symposium Conference on October 3, 2019 in Toronto, Canada - Alliance Global Partners Consumer Cannabis Conference on October 3, 2019 in New York City - Company ...

  • GlobeNewswire

    Andy Williams, Co-Founder and Chief Executive Officer of Medicine Man Technologies is Featured in a New Interview at Inc. and Medicine Man Technologies, Inc. (MDCL) ("Medicine Man Technologies" or the "Company") today announced that Andy Williams, Co-Founder and Chief Executive Officer of Medicine Man Technologies is featured in a new audio interview at Williams into, Inc. to go over the exciting news for the Company, their roll-up strategy that would solidify the Company as one of the largest vertically integrated cannabis operators in North America, the operational goals for the company in 2019 and much more. Williams discussed at length the recent acquisitions made possible by the passage of House Bill 19-1090, which was signed into law by Colorado Gov. Jared Polis on May 29, 2019, thus opening up Colorado's cannabis industry to outside investors and enabling increased investment by venture capitalists and private equity firms.

  • Is This Marijuana Stock Worth the Hype?

    Is This Marijuana Stock Worth the Hype?

    Maybe the most aggressive company in the cannabis sector over the last month has been Medicine Man Tech (MDCL). The stock wasn’t even on the radar until the company made aggressive acquisitions in the last few months with deals on a daily basis in the last week. Investors should cautiously watch from the sidelines until the deals are integrated.Aggressive Deal MakingBack on September 6, Benzinga highlighted how Medicine Man Tech bought 9 companies this year. Well, the management team went on a ramped-up spree over the next week.The company has bought Canyon LLC, Strawberry Fields, an unnamed dispensary owner and Roots RX. Some of the deals are appealing with Canyon LLC offering premium edibles at a cost of only $5.1 million with a 2019 revenue target of $3.3 million.Other deals such as the unnamed dispensaries in Colorado don’t appear as attractive. The company is paying $50.1 million for four operating dispensaries and a fifth under construction as the cost of roughly $10.0 million per store. The stores are projected to have attractive 35% EBITDA margins and come after the company had reportedly bought 22 dispensaries in Colorado over a period of a week.The deal for Strawberry Fields adds another four stores plus manufacturing and cultivation facilities for $31 million. In total, the company with a listed market cap of only $140 million has purchased the following dispensaries to reach a total of 34: * Medicine Man – 4 * Purplebees – 4 * Starbuds – 5 * Colorado Harvest – 3 * Dispensary Group – 4 * Roots Rx – 6 * Strawberry Fields – 4Big Investor The passing of House Bill 19-1090 opened up the market for cannabis industry in Colorado to attract outside investors and capital, including publicly held companies. This new legislation allows for acquisitions to take place on or after November 1, 2019.The company has obtained large funding from Dye Capital to carry out this string of acquisitions. Dye Capital has invested $21 million via the purchase of 8 million shares. In addition, the investment firm has warrants to purchase up to 7.5 million warrants at prices of up to $3.50 per share.Mr. Dye was named Chairman of the Board and has extensive experience in rolling up a retailer via past investments in Albertsons. His position on the board provides confidence the investment is long term in nature.The biggest issue for small investors is that limited financial details have been provided. The company is now projecting annual revenues of $170 million with EBITDA margins in the 20% range but integrating so many different operations into one business is a daunting task.TakeawayThe key investor takeaway is that Medicine Man Tech is trading at the highs near $4 as the market likes the momentum and large investor. Small investors have limited ability to analyze all of the acquisitions or the ability of this company to integrate the operations into a single entity.The best option is to watch the stock from the sidelines until some of the hype is out of a stock that has rallied from $1 in December to $4 now.Visit TipRanks’ Trending Stocks page, and find out what companies Wall Street’s top analysts are looking at now.Disclosure: No position.

  • GlobeNewswire

    Next Super Stock conference presenters: CYDY, MDCL, HOTH, NEXCF delivering results, and positioned for transformational growth in coming months

    NEW YORK, Sept. 16, 2019 -- Wall Street Reporter, the trusted name in financial news since 1843, has recently published published CEO Interviews, video presentations, and news.

  • Medicine Man Technologies Highlights Landmark Consolidation Strategy To Create One Of North America's Largest Vertically Integrated Cannabis Operators. Projected Annual Revenues From The Previously Disclosed Proposed Acquisitions Total Approximately $170 Million In 2019
    PR Newswire

    Medicine Man Technologies Highlights Landmark Consolidation Strategy To Create One Of North America's Largest Vertically Integrated Cannabis Operators. Projected Annual Revenues From The Previously Disclosed Proposed Acquisitions Total Approximately $170 Million In 2019

    DENVER, Sept. 16, 2019 /PRNewswire/ -- Medicine Man Technologies, Inc. (MDCL) ("Medicine Man Technologies" or the "Company") announced a culmination of its roll-up strategy today that would solidify the Company as one of the largest vertically integrated cannabis operators in North America upon closing of these pending acquisitions—and as a deeply experienced retailer and manufacturer of cannabis-infused products and concentrates driven by a leadership team that has unprecedented experience in regulated cannabis markets.

  • PR Newswire

    Benzinga Cannabis' Javier Hasse To Speak At Major Events In The U.S., Jamaica, Argentina

    In the coming weeks Benzinga Cannabis' managing director Javier Hasse will be touring the Americas, speaking at four major cannabis conferences. DETROIT, Sept. 13, 2019 /PRNewswire/ -- Benzinga, a financial technology company centered on delivering actionable trading insights, is announcing its managing director for cannabis, Javier Hasse, will be touring the Americas and speaking at four major cannabis conferences in upcoming weeks. Below is a list of major speaking engagements.

  • PR Newswire

    Medicine Man Technologies to Present and Serve on Cannabis Panel at 2019 Fall Investor Summit

    DENVER, Sept. 13, 2019 /PRNewswire/ -- Medicine Man Technologies, Inc. (MDCL) ("Medicine Man Technologies" or the "Company"), announced today that the Company will present at the Fall Investor Summit being held on September 16-17, 2019, at the Essex House in New York City. Tigran Muradyan, Director of Investor Relations of Medicine Man Technologies, will deliver an overview of the Company, highlight the Company's numerous pending acquisitions, and discuss the Company's strategic goal of becoming a leading vertically integrated cannabis brand and operator. Additionally, Mr. Muradyan will serve as a guest speaker at noon EST on Monday, September 16, for the Cannabis Panel, which will focus on the evolution of the cannabis industry and key trends within the sector.

  • MedPharm Holdings Corporation, to Be Acquired by Medicine Man Technologies, Addresses Outbreak of Vape-Related Lung Illnesses
    PR Newswire

    MedPharm Holdings Corporation, to Be Acquired by Medicine Man Technologies, Addresses Outbreak of Vape-Related Lung Illnesses

    DENVER, Sept. 12, 2019 /PRNewswire/ -- MedPharm Holdings ("MedPharm"), reiterated today its formal policy prohibiting the use of suspected unsafe chemical additives to its entire line of cannabis products, most notably its concentrates that are used in vape products. Furthermore, Medicine Man Technologies (MDCL) ("Medicine Man Technologies" or the "Company") calls on the state of Colorado — and the other 49 states — to enact an industry-wide standard prohibiting certain excipients in vape products.