Medicine Man Technologies Inc (PK) (SHWZ) Quote

That certainly came out of no where. Thoughts Doc?

DENVER, Colo., July 11, 2024 (GLOBE NEWSWIRE) -- Medicine Man Technologies, Inc., operating as Schwazze, (OTCPK: SHWZ) (Cboe CA: SHWZ) ("Schwazze" or the "Company"), today announced that it has finalized an agreement with two of its lenders to restructure its $15.0 million Altmore, LLC (“Altmore”) Loan Agreement and its $17.0 million Reynold Greenleaf & Associates LLC (“R. Greenleaf”) Promissory Note, both previously due in February 2025. This improves the Company's financial position by extending the maturities of both debt instruments to the end of 2025 and materially reducing amortization payments for the Altmore Loan Agreement.

It won't be nearly as easy as Joe seems to think it will be to reaudit and refile the financials. There will be questions that won't have easy answers, and then we hear about unexpected delays. Then there will be the problem of getting OTC markets to update and accept the filings, and get back on the OTC. I think instead of 2 months, a minimum of 6 months, if all goes well.

So when will $SHWZ go dark? Friday or Monday?

Gnomes' reasoning doesn't account for the fact SHWZ was in the tank and going nowhere prior to the recent mess. And if you add to my previous list lack of any real awareness of this company to help it participate in any future rally, the prospects are even more bearish. Despite the protestations about always being on point to provide shareholder value, the results have been nothing short of the complete opposite. That is not a momentary bump to use Gnomes' terminology.

I agree. Too easy to be bearish for all the reasons you have said in addition to constant mgmt turnover, current lawsuits...and the possibility of an upcoming shareholder lawsuit. I was just pointing out that I found it strange that, based on the current OTCQX delisting news, that MSOS hasn't dumped shares and Joe Gnomes seems to brush it off as a bump in the road because the company was "caught up in the BF Borger case".

How can anyone not be bearish? Looking at the trend in share price over time, the shrinking sales in CO and NM, the ongoing lack of action at the federal level on scheduling, recent pronouncements safe banking isn't on the near horizon, the additional shares being given to management as rewards for sinking the stock and eroding shareholder value, and these recent management missteps with the audits, I'd be interested in what the argument is for being bullish that isn't bull of a different variety.

Thanks. I do find it strange that Joe Gnomes doesnt seem bearish...nor has MSOS sold any of their shares, at least not as of last night.

I wonder when the lawsuits start. That has to be days away at this point.

No - you won't be able to trade at all - Try putting in an order for $BRSHF which is on expert market and you will understand. Good luck.

Sorry DrugDoctor, not quite sure I understand. Will US holders that don't sell before the move will not be able to trade or are they just stuck praying the company regains compliance, and OTCQX status? Or is the Expert Market essentially the pink sheets, and as expected with pinks, this will subpenny? Also, do you think this is a ploy to take the company private?

4 more trading days to get your cash out of this stock, then you are at the mercy of management. Wow, that's a scary thought.

You may be able to trade through a Canadian Broker, but us common traders will NOT be able to use E-trade Schwab, Robinhood, etc. to trade at all. Basically you will lose access to your cash but you won't want to sell at the prices you will see it trading for anyway. The only hope will be if the company really does come back out of the expert market... Good luck

Just a question. When SHWZ moves to the expert market can buyers still use sites like E*trade or will we need to go to a new site. Never heard of this expert market until last week. Thanks for all your help.

Preferred shares at 0 is worth nothing.

The saddest part is insider ownership went from 23% to over 32% in the last month. Pretty unfortunate for all shareholders who put hard earned money into this. Pos. . The playbook obviously continued to dilute sharss and give stock awards to keep full ownship. What they have done to shareholder value is unbelievable. Don't kid yourself if this goes to zero they still have it covered with preferred shares. Yet not a word from management!.

Here's another expert market stock that just recently got busted for delinquent financials...This stock was trading on NASDAQ a month ago... Now trading at .0011. Those .25s look awful expensive here, imo.

https://www.otcmarkets.com/stock/BRSHF/overview

Nah, the shares probably will still not be trading on 9/1/24, as they probably will still be in expert market trading purgatory as getting all the financials audited and caught up and getting back on the OTC will likely not happen until sometime in 2025, imo. Therefore FINRA will not authorize corporate actions like reverse splits until they are current again. But yes, it's a kick to the crotch. Going to be a rude awakening to those buying shares during the countdown to hell this week and next week, once they see just how messed up they did when they see those expert market trades happening below .05... What a shame...

WoW , WHAT AN AWESOME FIELD GOAL KICK TO THE CROTCH !!!!!!!!! reverse split INBOUND ! Darth Brandon is partially to blame ............ demoncrats owned the house & senate for 2 consecutive years PLUS the white house & a obese nothing burger for Cannabis ! what a bunch of rotten turds ! I'm predicting a reverse split here , effective no later than/then 9-1-24 !

Certainly dereliction of duties comes to mind here and should be looked into. Also these form 4's. These are being called stock awards but are really being awarded aspartame pay. Management is not allowed to buy or sell. These guys are liable for everything that has happened. My thought is they could/should be investigated. I do not at this point believe a shareholder lawsuit is out of the question. Any thoughts?

Of course! They raised the quantity of shares they get, and they increased the authorized shares to allow them to give themselves more... Look at the form 4's...

sheesh... why would they buy shares when they can vote to give themselves even more free shares, and did!

https://www.sec.gov/cgi-bin/browse-edgar?company=medicine+man&match=starts-with&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany

Now look at the increases in shares...



Proposal 3: An increase to Company’s 2017 Equity Incentive Plan.



The Company’s stockholders approved, the amendment to the Company’s 2017 Equity Incentive Plan to increase the number of shares of the Company’s Common Stock issuable under the Equity Plan from 18,500,000 to 22,200,000 shares, with the following vote:



For Against Abstain Broker non-votes
87,991,172 11,159,896 1,122,891 20,087,422


Proposal 4: An increase to Company’s total number of authorized shares of Company’s authorized Common Stock.



The Company’s stockholders approved, the amendment to the Company’s Articles of Incorporation to increase the total number of authorized shares of the Company’s authorized Common Stock from 250,000,000 to 275,000,000, with the following vote:



For Against Abstain Broker non-votes
103,687,053 15,491,472 1,182,856 0

https://www.sec.gov/ix?doc=/Archives/edgar/data/1622879/000110465924074324/tm2418115d1_8k.htm

I'm assuming they still get their free shares. After all they have done such a
Lousy job. Imo after everything is said and done it would really take some balls to take another stock award. No integrity I bet they do!

$SHWZ New Mexico Revenue by Month Up To May 2024

- Medical sales mostly flat
- Adult Use sales are climbing back up$MSOS #Cannabis #CannabisIndustry pic.twitter.com/bfZmndFsiw— The Dank Informer (@TheDankInformer) July 2, 2024

I'm afraid that those thinking at .27 is a bargain likely don't understand what the expert market means. I'll really be surprised if this doesn't trade under .10 in the near future. Not buying.

lol….i was lucky to move all my holding to other players and make some money…..would buy some back at the right price for a long shot gamble….if they get this fixed and schedule 3 does happen the 280e relief should help the bottom line….a lot more risk here now especially with the 2 states they chose not performing well….unfortunately I’m not the big company board type…..lol

just get on the board where they hand you shares left and right, no competence required apparently.

700,000 shares were dumped yesterday.

Funny that management team didn’t sell any stock knowing this was coming. Seems like it will be awhile before we see 50 cents again.

Your money will be unavailable for a period of time if you hodl these shares.

You think it’s worth a gamble at a dime Doc? Was thinking about trying my luck on a 100k shares….

So the Canadians will be able to trade, but the Americans no?

This was in today's announcement - though if SHWZ parted ways with this group prior is it because SHWZ noticed something awry, or is it that the reputation of Bolgers as an auditor was shot? Who knows. But this was noted at the end of the press release:

As a result of the delayed filing, Schwazze has sought from, and is in communication with, the Ontario Securities Commission (“OSC”) concerning the availability of a management cease trade order (“MCTO”) in respect of the missed deadline for the Quarterly Report ended March 31, 2024. If an MCTO is granted, it is expected that the general investing public will continue to be able to trade in the Company's listed common shares, however, the Company's Named Executive Officers will not be able to trade in the Company's common shares. The Company confirms it will comply with the provisions of the alternative information guidelines under National Policy 12-203 – Management Cease Trade Orders for so long as an MCTO remains in effect.

Honestly top brass had to know about the financials. They obviously did nothing nor said nothing. Now they want to sue them. Makes me wanna puke. The words audacity or gall come to mind. Maybe shareholders should sue the ones responsible! Dye has lost lall credibility with Me. His own PIGgy bank. I expect more crap to come. Stay tuned.

So if the financial are bogus will they (S.E.C.) restrict the sale of stock?? Any ideas?????

So the concerning piece is this:
the SEC issued an order to BF Borgers and its owner citing the deliberate and systemic failures to comply with public company accounting oversight board("PCAOB") standards in its audits and reviews, which were incorporated in more than 1,500 SEC filings from January 2021 through June 2023 and affected at least 75 percent of BF Borgers' 369 clients.

So the audits done prior in 2023 are probably not valid, which raises further doubt about the company's numbers. As well as judgement in leveraging an auditor with this level of problems.

Turning into a clown car. Rookie mistakes, not quality leadership. Thoroughly disgusted.

Cannibus sales for N.M. dropped from $51+ Mil in May to a tad over $48 Mil in June with 1,006 retail.

Nothing good happening in SHWZ land while awaiting pending lawsuit for stealing tips from low- level employees after $500k settlement in the 1st suit. Now basically being deleted from otc. Now we need to re-audit prior financials from a defunct accounting firm. Now we are going to sue them. Yet we claim having the best management ever. Honestly what's next? Asked about debt and Dye basically rolls his eyes and really answers nothing. Honestly what's next? Bankruptcy? Why is Dye co- CEO? Why do we need a co- CEO?

Is this the worst management ever or do we have a problem with someone who listens to no one and makes all decisions. Regardless of their expertise? I honestly think so.

How low do we go? Waiting to hear from IPS. With those rose colored glasses surely the skies are blue and not a cloud in the sky. Is a silver dime coming?

Pathetic to say the least. Guess no one was impressed with Dye. Debt is going to be a huge problem imo. Along with future dilution.

Usually expert market shares trade under .05. This will be a portfolio disaster.

They can come back from expert if they want to, but until then.... sheesh

Game Over

OMG - Trading going dark on expert market? What a f'ing disaster!

Thanks - this is pivotal, wish there was more color on this at this stage.

"Scoffed at the notion of any default, technical nor otherwise. His investment too great.They are exploring how to best deal with notes coming due next year and exploring available options whether taken out of hide or by extension."

Not surprising that he has as low a view of safe baking being passed as I do.

Updated Public Dispensary Count:
- $TCNNF (FL 137th)
- $TCNNF (OH Acquired Harvest of Ohio)
- $TSNDF (MI 20th)
- $TSNDF (MD 5th)
- $VRNOF (FL 77th)
- $GTBIF (FL 18th)
- $SHWZ (NM 35th)
- $CBSTF (FL Divested)
- $CBSTF (VA 11th)
- $AAWH (PA 4th)
- $AYRWF (IL 3rd)

Lmk of any errors https://t.co/TCvoreZAHp pic.twitter.com/rNjuWzgsjP— Cannalorian (@Cannalorian) June 26, 2024

That is welcome but expected news for the most part.

Meanwhile, I have continued to add a few more shares and reduced my average to $1.09.

Just concluded a 1x1 with JD via Noble. Thoughtful insights from a view at 50,000':

He sees Schedule 3 as a reality prior to the elections and sees a generation of free cash flow as a result of 280(e) going away with SG&A write-offs as any normal business may apply. Will create substantial roughly 4x increased cash flow if I read the chart correctly.

In turn, he does not foresee SAFE(R) banking as happening in Congress at present.

Scoffed at the notion of any default, technical nor otherwise. His investment too great.

They are exploring how to best deal with notes coming due next year and exploring available options whether taken out of hide or by extension.

From what he said, TW's absence is more temporary with a slowdown in current M&A activity and some well needed time with family. From the inference, I suspect TW will be back (never really left)

Although many competitor's stores in CO and NM are closing, they are evaluating each location as an individual opportunity as they present.

In NM, the rampant cheating (product brought into NM from out of State, namely CA, CO, and OK) is now a felony offense in NM and is resulting in a number of prosecutions and closures. The NM closure rate has exceeded the opening rate for competitor dispensaries/licenses and is likely to continue for some time.

They have a ton of competition in Albuquerque, but JD insists they will be the largest and best with greater selection and tiered pricing (which JD claims they now have a distinct advantage) and customer loyalty as their continued key drivers.

Their investment last Q which they took away some otherwise available cash is beginning to ramp with incremental revs and he foresees those rev increases continuing for the next 7-8 Q's (I believe this was CapEx for ERP/mfg/grow op improvements)

He stated he's in it for the longer game and, yes, this team plans to win.

Schwazze ( $SHWZ ) Chairman Justin Dye is scheduled to present at Noble Capital Markets Virtual Consumer / TMT Investor Conference, June 26-27. Registration is Free. https://t.co/YyQCt3vXNj@NobleFinancial pic.twitter.com/Rbz7lS5o0E— channelchek (@channelchek) June 25, 2024

Sinking ship. Playbook not working. Management is jumping ship. With management holding lots of preferred the common shareholders are looking more n more like toast while the preferred shareholders take everything. To busy blowing their horns with a complete failure to operate the day/day operations.

Updated company presentation: https://ir.schwazze.com/static-files/8bb5e456-6f27-41a4-92d9-4a93d2c95b0b