• Advertise
  • Contact Us
  • Write For Us
  • Our Team
Extraction Magazine
No Result
View All Result
  • Botanical Extraction
    • Cannabinoids
    • Psychedelics
    • Nutraceutical
    • Product Refinement
  • Industry News
    • Business
    • Sustainability
    • Safety & Compliance
    • Partners
  • Extraction Technology
    • Equipment
    • Methods
    • Solvents
    • DIY Extraction
    • Analytical Techniques
  • Medical Research
  • Glossary
  • Business Directory
  • Botanical Extraction
    • Cannabinoids
    • Psychedelics
    • Nutraceutical
    • Product Refinement
  • Industry News
    • Business
    • Sustainability
    • Safety & Compliance
    • Partners
  • Extraction Technology
    • Equipment
    • Methods
    • Solvents
    • DIY Extraction
    • Analytical Techniques
  • Medical Research
  • Glossary
  • Business Directory
No Result
View All Result
Extraction Magazine
No Result
View All Result
Home Industry News

Medicine Man Technologies, Inc. Announces Entry into Binding Term Sheets for Two Strategic Cannabis Acquisitions

Shared Content by Shared Content
June 18, 2019
in Industry News
Medicine Man Technologies, Inc. Announces Entry into Binding Term Sheets for Two Strategic Cannabis Acquisitions

– Company will acquire Los Sueños, North America’s largest sustainable cannabis farm to strengthen production and operational synergies and enable competitive growth

– The pending acquisition of Purplebee’s will put Medicine Man Technologies on a growth trajectory and open up their manufacturing and sales capabilities

READ ALSO

Green Extraction Techniques and Smart Solvents for Bioactive Recovery

Cannabis Business In South America

– Founder of Los Sueños, Bob DeGabrielle to Join Medicine Man Technologies Board of Directors

DENVER, June 5, 2019 /PRNewswire/ — Medicine Man Technologies, Inc. (OTCQX: MDCL) (“Medicine Man Technologies” or “Company”), a rapidly growing, vertically integrated cannabis operator, today is pleased to announce that it has entered into binding term sheets to acquire the assets and rights from Colorado-based Los Sueños Farms, LLC, North America’s largest sustainable cannabis farm. The Company has also entered into a binding term to acquire Mesa Organics Ltd (d/b/a Purplebee’s), Mesa Organics II Ltd. and Mesa Organics III Ltd. (collectively “MesaPur”), a leading cannabis dispensary and infused products manufacturing company, utilizing pure CO2 extracts from the finest locally-grown cannabis in Colorado.

These acquisitions will increase Medicine Man Technologies’ footprint and expand its operations in cultivation, extraction, production and sales, advancing its plan to become a fully vertically integrated operator in the cannabis industry. The acquisition of Los Sueños and MesaPur was made possible by the passage of House Bill 19-1090, which was signed into law by Colorado’s Governor Jared Polis on May 29th, opening up Colorado’s cannabis industry to outside investors and enabling increased investment by venture capitalists and private equity firms.

The term sheet with MesaPur provides for the appointment of Bob DeGabrielle, Founder of Los Sueños, to the Board of Medicine Man Technologies. Prior to owning the largest recreational cannabis cultivation facility in the country, Bob’s background was in real estate development. He was an early investor in the cannabis space and, along with his partners, has invested $10 million in Colorado’s tightly regulated industry, which requires that every plant grown by a licensed operator be entered into a database, outfitted with a radio frequency tag, and tracked from seed to sale.

“Since our inception, we have been focused on delivering the best products and cultivation methods, and the addition of Los Sueños Farms will play an integral role in our core business and service offerings,” said Mr. Andy Williams, Co-Founder and Chief Executive Officer of Medicine Man Technologies. “We also identified another key acquisition opportunity with one of Colorado’s leading dispensary and manufacturing companies: Purplebee’s. They are an established leader in providing high quality premium products that align with our vision and mission.  We believe these two acquisitions will put us on a trajectory for accelerated growth, and secure Medicine Man Technologies as a leader in cannabis operations worldwide.”

Los Sueños is the largest cannabis farm in North America, with 36 acres of rich farmland under cultivation with natural sun-grown cannabis, and an additional 36,000 square feet of cannabis greenhouses. Los Sueños has developed state-of-the-art technologies and systems to produce, harvest and process all of its cannabis biomass to meet the market’s wholesale needs through its extraction partner Purplebee’s. By using beneficial insects and intense solar radiation provided by nature without the use of pesticides, Los Sueños runs a healthy and sustainable farm that keeps both its customers and the environment in mind.

Purplebee’s is a family-owned business that is veteran and woman-owned and operated. The Company’s pure CO2 products are extracted using advanced supercritical carbon dioxide technology and never contain hydrocarbons such as butane or other additives. Purplebee’s takes pride in purity with nothing artificial in the mix while leaving the minimum possible footprint on the environment. Purplebee’s is committed to excellence and compliance beyond what is required by law to make certain all extracts are made from material has been clear of pesticides and herbicides for at least 20 generations back.

For more information about Medicine Man Technologies, please visit https://www.medicinemantechnologies.com/.

About Medicine Man Technologies
Medicine Man Technologies is a fully integrated operator in the cannabis industry, offering consulting, retail pharma-grade products, and turnkey solutions for cannabis cultivators for over a decade. Medicine Man Technologies is leveraging its expertise and intellectual property to vertically integrate retail, cultivation, formulation, and distribution operations. The Company’s client portfolio includes active and past clients in 18 states and seven countries.

Forward-looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) Regulatory limitations on our products and services ; (ii) our ability to complete and integrate  acquisitions ; (iii)general industry and economic conditions  ; and (v) our ability to access adequate financing on terms and conditions that are acceptable to us  as well as other risks identified in our filings with the SEC. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events, or otherwise.

Investor Relations Contact:
[email protected] 
1-866-348-1997

SOURCE Medicine Man Technologies, Inc.

Related Posts

Green Extraction Techniques
Sustainability

Green Extraction Techniques and Smart Solvents for Bioactive Recovery

January 10, 2025
A vision for the cannabis business
Business

Cannabis Business In South America

September 16, 2024
Journey of Cannabis in America
Business

From Prohibition to Progress: The Oscillating Journey of Cannabis in America

September 13, 2024
Social Clubs in Spain
Business

Cannabis Social Clubs in Spain vs CoffeeShops in the Netherlands

August 23, 2024
Cannabis Industry Sector
Business

Latest News From The Cannabis Industry Sector

August 16, 2024
Cannabis in Asia
Business

Cannabis in Asia – Overview of Asian Laws

August 9, 2024
Next Post
New Appropriations Language Protects Legally Operating Cannabis Businesses and Financial Institutions

New Appropriations Language Protects Legally Operating Cannabis Businesses and Financial Institutions

LATEST ARTICLES

Green Extraction Techniques

Green Extraction Techniques and Smart Solvents for Bioactive Recovery

January 10, 2025
Wide angle view at two workers wearing protective suits while inspecting production at modern chemical plant, copy space

Collaborative Approaches in Botanical Extraction: Bridging Science and Industry

January 7, 2025
Areca Catechu

Inside the Betel Nut High: Exploring the Mind-Bending Effects of Areca Catechu

January 1, 2025
The Art of Extraction: Unlocking Nature’s Fragile Secrets

The Art of Extraction: Unlocking Nature’s Fragile Secrets

December 27, 2024

Subscribe Now

Subscribe to our newsletter now to receive quick updates from us



    Background
    About

    Extraction Magazine is the trusted provider of botanical extraction news, ever-changing politics, cool gadgets and technologies, and methods for producing safe, ethical, and compliant formulations.

    Advertisers
    Navigation
    • Botanical Extraction
    • Industry News
    • Extraction Technology
    • Medical Research
    • Glossary
    • Business Directory
    Recent Posts
    • Green Extraction Techniques and Smart Solvents for Bioactive Recovery
    • Collaborative Approaches in Botanical Extraction: Bridging Science and Industry
    • Inside the Betel Nut High: Exploring the Mind-Bending Effects of Areca Catechu
    • The Art of Extraction: Unlocking Nature’s Fragile Secrets
    Subscribe to our Newsletter
    loader

    Sitemap

    © 2025 Extraction Magazine is the trusted provider of botanical extraction news and the leading media in the ever-changing extraction industry.

    No Result
    View All Result
    • Industry News
    • Botanical Extraction
    • Medical Research
    • Medical Research
    • Glossary
    • Our Team
    • Write For Us

    © 2023 Extraction Magazine is the trusted provider of botanical extraction news and the leading media in the ever-changing extraction industry.