secwatch.observer — SEC 8-K summary
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Issuer:     Medicine Man Technologies, Inc. (—)
CIK:        0001622879
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001104659-23-068971
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Schwazze completes Everest Apothecary acquisition for ~$37.19M; NM store count to 32
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- Purchase price of ~$37.19M: $11.69M cash, $17.5M promissory note (5% interest, 4-year), $8M in stock (7,619,047 shares).
- New Mexico operations now include 32 dispensaries, 4 cultivations, 2 manufacturing facilities, and over 400 employees.
- Potential earn-out of up to $8M additional in stock based on 12-month revenue performance of certain stores.
- Call option to acquire Everest NFP for $100 if New Mexico law allows for-profit conversion or asset sale.
- Note requires two initial principal payments of $1.25M at 90 and 180 days; interest payable quarterly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622879/000110465923068971/0001104659-23-068971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622879/000110465923068971/tm2317953d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-068971

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer