---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-062075"
form_type: "8-K"
ticker: null
cik: "0001622879"
company_name: "Medicine Man Technologies, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:11:36.016595+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Schwazze Q1 revenue up 4% to $41.6M but net loss of $16.1M; Adjusted EBITDA down 49% YoY

## Summary
- Revenue of $41.6M, up 4% YoY; gross margin fell to 43.1% from 54.6% on pricing pressure.
- Net loss of $16.1M vs net income of $1.7M in Q1 2023.
- Adjusted EBITDA of $7.3M, down 49% from $14.5M a year ago.
- Cash and equivalents $13.2M at quarter-end; total debt $159.7M.
- Company cites competitive retail environments in Colorado and New Mexico as headwinds.

## SEC filing metadata
- accession: 0001104659-24-062075
- form_type: 8-K
- cik: 0001622879
- company_name: Medicine Man Technologies, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1622879/000110465924062075/0001104659-24-062075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1622879/000110465924062075/tm2414632d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-062075
- JSON: https://secwatch.observer/filing/0001104659-24-062075.json
- Plain text: https://secwatch.observer/filing/0001104659-24-062075.txt

## Key facts
- Earnings Releases
  Medicine Man Technologies, Inc. reported first quarter ended March 31, 2024 results: revenue $41.6 million, net income $16.1 million.
  - Period: first quarter ended March 31, 2024
  - Revenue: $41.6 million
  - Net income: $16.1 million
  - Result: reported results
  source text: Total revenue in the first quarter of 2024 increased 4% to $41.6 million compared to $40.0 million for the same quarter last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622879/000110465924062075/0001104659-24-062075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.