---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-023533"
form_type: "8-K"
ticker: null
cik: "0001622879"
company_name: "Medicine Man Technologies, Inc."
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T21:20:39.636631+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Medicine Man Technologies subsidiary misses $0.7M payment; default triggers $1.5M cash sweep

## Summary
- Subsidiary PBS Holdco missed $0.3M principal and $0.4M interest payment due March 3, 2025.
- Received default notice March 7; default interest rate of 19% per annum began accruing.
- Current loan balance under the agreement is approximately $11 million.
- On March 10, collateral agent swept ~$1.5M from borrower bank accounts under control agreements.

## SEC filing metadata
- accession: 0001104659-25-023533
- form_type: 8-K
- cik: 0001622879
- company_name: Medicine Man Technologies, Inc.
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.04
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1622879/000110465925023533/0001104659-25-023533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1622879/000110465925023533/tm259120d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-023533
- JSON: https://secwatch.observer/filing/0001104659-25-023533.json
- Plain text: https://secwatch.observer/filing/0001104659-25-023533.txt

## Key facts
- Debt Financings
  Medicine Man Technologies, Inc. reported a default on loan of $11 million with SHWZ Altmore, LLC at simple interest per annum equal to 15% plus 4%.
  - Instrument: loan
  - Principal: $11 million
  - Counterparty: SHWZ Altmore, LLC
  - Rate: simple interest per annum equal to 15% plus 4%
  - Event: default
  source text: March 3, 2025, and such default interest continues to accrue during the continuance of the Event of Default. The current balance due under the Loan Agreement is approximately $11 million. On or around March 10, 2025, the Collateral Agent exercised control of certain of the Borrowers’ bank accounts pursuant to certain deposit account control agreements with the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622879/000110465925023533/0001104659-25-023533-index.htm

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