Medicine Man Technologies to Obtain Dabble Extracts

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DENVER – Medicine Man Technologies, Inc. (OTCQX: MDCL) (“Medicine Man Technologies” or the “Company”) now announced that the Enterprise has entered into a binding term sheet to obtain Colorado-primarily based Dabble Extracts, an award-winning cannabis concentrate corporation that specializes in processing healthcare and recreational marijuana into premium-grade extracts.

Beneath the terms of the term sheet, the Enterprise will spend $three,750,000 for Dabble Extracts. The obtain value will consist of $750,000 in money and 996,678 shares of popular stock priced at $three.01/share, which is the typical closing value of the Company’s stock for the 5 trading days prior to August six, 2019. The terms can also be referenced in the eight-K, which outlines the closing circumstances. The obligations of the Enterprise and Dabble Extracts beneath the term sheet are conditioned upon the satisfaction or mutual waiver of particular circumstances, like regulatory approval.

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“The proposed acquisition of Dabble Extracts will additional boost our item portfolio, as it will bring the knowledge and exceptional extraction capabilities needed to generate higher-good quality cannabis concentrates in the kind of shatter and wax goods,” stated Mr. Andy Williams, Co-Founder and Chief Executive Officer of Medicine Man Technologies. “Josh marks the fifth market pioneer that we have announced in the span of 3 months to come on board, which is a testament to our vision in bringing the greatest and brightest to join forces and compete in a swiftly altering marketplace. His background and mastery as an extraction technician will assistance us generate, generate and distribute a superior portfolio of goods. As a marketplace leader, we think it is incumbent for the Enterprise to supply a extensive and exceptional item providing in all marketplace segments, and Dabble Extracts’ award-winning item line and exceptional and proprietary extraction course of action absolutely assists us meet this aim.”

“We have basically pioneered our personal extraction course of action and have grown via a grassroots strategy comparable to that of Andy’s encounter,” stated Mr. Josh Hindi, Founder of Dabble Extracts. “The group at Medicine Man Technologies shares our vision for the extended term, and this accelerates our development trajectory by producing a complementary strategy at the forefront of the explosive chance in the cannabis market. Our shatter is of the highest good quality, and we are one particular of the leading producers now for concentrates, primarily based on the several awards we’ve received. We’re excited to join the group and think this enables us to take a enormous step forward in our enterprise as we combine our technical capabilities with the essential distribution capabilities that need to let us to go national and international in the future.”

For extra information and facts about Medicine Man Technologies, please check out https://www.medicinemantechnologies.com.


About Medicine Man Technologies
Denver, Colorado-primarily based Medicine Man Technologies (OTCQX: MDCL) is a swiftly developing provider of cannabis consulting solutions, nutrients and supplies. The Company’s client portfolio incorporates active and previous clientele in 20 states and seven nations all through the cannabis market. The Enterprise has entered into agreements to develop into one particular of the biggest vertically integrated seed-to-sale operators in the international cannabis market. Existing agreements will allow Medicine Man Technologies to supply cultivation, extraction, distribution and retail pharmaceutical-grade goods internationally. The Company’s intellectual home incorporates the “Three A Light” methodology for cannabis cultivation and pending acquisition candidate MedPharm’s GMP-certified facility, which has the initially cannabis analysis license to conduct clinical trials in the United States. Management incorporates decades of cannabis encounter, a exceptional mixture of initially movers in industrial cannabis and verified Fortune 500 corporate executives.

About Dabble Extracts
Dabble Extracts is committed to supplying clients with the most flavorful goods although making certain the greatest good quality in its creation and extraction strategies. Dabble seeks to redefine the market regular by providing higher-good quality shatters and waxes in the cleanest and purest kind attainable with pretty minimal residue of the specially formulated hydrocarbon solvent utilised in its item extraction. Dabble Extracts’ goods can at present be identified in 60 dispensaries all through Colorado. Shatter is one particular of the most recognized concentrates, a strong substance that resembles a honey-colored glass shard. Wax is a further form of marijuana extract, which resembles the texture of candle wax. Each extracts can be vaped and dabbed for use.



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