Wednesday, September 08, 2021
Schwazze (SHWZ)
Price Target Supported by Recent Industry Acquisition
Medicine Man Technologies, Inc. is now operating under its new trade name, Schwazze. Schwazze is executing its strategy to become a leading vertically integrated cannabis holding company with a portfolio consisting of top-tier licensed brands spanning cultivation, extraction, infused-product manufacturing, dispensary operations, consulting, and a nutrient line. Schwazze leadership includes Colorado cannabis leaders with proven expertise in product and business development as well as top-tier executives from Fortune 500 companies. As a leading platform for vertical integration, Schwazze is strengthening the operational efficiency of the cannabis industry in Colorado and beyond, promoting sustainable growth and increased access to capital, while delivering best-quality service and products to the end consumer. The corporate entity continues to be named Medicine Man Technologies, Inc.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Gage Growth Acquisition. Last week TerrAscend Corp. (OTC:TRSSF) announced an agreement to acquire Gage Growth Corp. (OTC:GAEGF) for $545 million. Gage is a leading high-quality cannabis premium brand and operator in Michigan. Annualizing Gage Growth’s 2Q21 revenue of $26.4 million results in an acquisition multiple of 5.2 times revenue.
Gage in Michigan. Gage is doing in Michigan what Schwazze is doing in Colorado. Gage currently operates ten dispensaries in Michigan and three cultivation sites, with nine additional cultivation sites through contract growers. The firm has plans to open an additional ten dispensaries over the near term. Gage claims to be building the fastest growing cannabis brand in Michigan. The firm’s product …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
