Medicine Man Technologies, Inc. (OTC:SHWZ), operating as Schwazze, announced its financial and operational results on Thursday for the fourth quarter and full year ended Dec. 31, 2023.
"This past year, the Schwazze team delivered solid top-line growth in two highly competitive markets with 31% adjusted EBITDA margins and improved operating cash flow," saidForrest Hoffmaster, interim CEO of Schwazze. "We continued to sharpen our retail strategy while expanding our store footprint by more than 50% to 63 dispensaries across our two markets."
"Although the Colorado and New Mexico markets were pressured in 2023, we have built a solid foundation with best-in-class service...
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