Medicine Man Technologies, Inc., operating as Schwazze, is a vertically integrated multi-state cannabis company with assets in Colorado and New Mexico. The Company’s business involves the cultivation, manufacturing, distribution and retail sale of cannabis and cannabis-related products. The Company sells products it manufactures and cultivates and a variety of other cannabis goods through wholly owned retail stores, licensing arrangements, and/or third-party operators and retailers. It has three segments: Retail, Wholesale and Other. The Retail segment consists of retail locations for the sale of cannabis products. The Wholesale segment consists of manufacturing, cultivation and sale of both wholesale cannabis and non-cannabis products. The Other segment encompasses the Company’s general corporate operations, in-store advertisements, and certain vendor promotions. The Company owns and operates approximately 63 retail dispensaries.