secwatch.observer — SEC 8-K summary
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Issuer:     Medicine Man Technologies, Inc. (—)
CIK:        0001622879
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0001104659-25-023533
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622879/000110465925023533/0001104659-25-023533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622879/000110465925023533/tm259120d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-023533

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