Our site does not make recommendations for purchases or sale of stocks, services or products. Original content created by investorideas is protected by copyright laws other than syndication rights. Both extracts can be vaped and dabbed for use.įor additional information or to speak with executive management, please contact Jessica at is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Wax is another type of marijuana extract, which resembles the texture of candle wax. Shatter is one of the most recognized concentrates, a solid substance that resembles a honey-colored glass shard. Dabble Extracts' products can currently be found in 60 dispensaries throughout Colorado. Dabble seeks to redefine the industry standard by offering high-quality shatters and waxes in the cleanest and purest form possible with very minimal residue of the specially formulated hydrocarbon solvent used in its product extraction. Management includes decades of cannabis experience, a unique combination of first movers in industrial cannabis and proven Fortune 500 corporate executives.ĭabble Extracts is committed to providing customers with the most flavorful products while ensuring the best quality in its creation and extraction methods. The Company's intellectual property includes the "Three A Light" methodology for cannabis cultivation and pending acquisition candidate MedPharm's GMP-certified facility, which has the first cannabis research license to conduct clinical trials in the United States. Current agreements will enable Medicine Man Technologies to offer cultivation, extraction, distribution and retail pharmaceutical-grade products internationally. The Company has entered into agreements to become one of the largest vertically integrated seed-to-sale operators in the global cannabis industry. The Company's client portfolio includes active and past clients in 20 states and seven countries throughout the cannabis industry. We're excited to join the team and believe this enables us to take a huge step forward in our business as we combine our technical capabilities with the critical distribution capabilities that should allow us to go national and international in the future."įor more information about Medicine Man Technologies, please visit ĭenver, Colorado-based Medicine Man Technologies (OTCQX: MDCL) is a rapidly growing provider of cannabis consulting services, nutrients and supplies. Our shatter is of the highest quality, and we are one of the top producers today for concentrates, based on the numerous awards we've received. "The team at Medicine Man Technologies shares our vision for the long term, and this accelerates our growth trajectory by creating a complementary approach at the forefront of the explosive opportunity in the cannabis industry. "We have essentially pioneered our own extraction process and have grown through a grassroots approach similar to that of Andy's experience," said Mr. As a market leader, we believe it is incumbent for the Company to offer a comprehensive and exceptional product offering in all market segments, and Dabble Extracts' award-winning product line and unique and proprietary extraction process certainly helps us meet this goal." His background and mastery as an extraction technician will help us create, produce and distribute a superior portfolio of products. "Josh marks the fifth industry pioneer that we have announced in the span of three months to come on board, which is a testament to our vision in bringing the best and brightest to join forces and compete in a rapidly changing market. Andy Williams, Co-Founder and Chief Executive Officer of Medicine Man Technologies. "The proposed acquisition of Dabble Extracts will further enhance our product portfolio, as it will bring the expertise and unique extraction capabilities necessary to create high-quality cannabis concentrates in the form of shatter and wax products," said Mr. The obligations of the Company and Dabble Extracts under the term sheet are conditioned upon the satisfaction or mutual waiver of certain conditions, including regulatory approval. The terms can also be referenced in the 8-K, which outlines the closing conditions. The purchase price will consist of $750,000 in cash and 996,678 shares of common stock priced at $3.01/share, which is the average closing price of the Company's stock for the five trading days prior to August 6, 2019. Under the terms of the term sheet, the Company will pay $3,750,000 for Dabble Extracts. (OTCQX: MDCL) ("Medicine Man Technologies" or the "Company") today announced that the Company has entered into a binding term sheet to acquire Colorado-based Dabble Extracts, an award-winning cannabis concentrate company that specializes in processing medical and recreational marijuana into premium-grade extracts. Aug( Newswire) Medicine Man Technologies, Inc.
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