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Medicine Man Technologies Buys Eight Colorado Dispensaries in Two Days

Starbuds, one of Colorado’s largest dispensary chains, has agreed to sell a handful of stores to a name that’s becoming increasingly common in cannabis-industry acquisition news: Medicine Man Technologies.

The deal between the two parties, announced September 3, has Starbuds selling five stores in Louisville, Longmont, Pueblo, Niwot and Commerce City to the cannabis business conglomerate for just over $ 31 million in cash and Medicine Man Technology stock shares.

But the news doesn’t end there. Today, September 4, Medicine Man Technologies announced it has agreed to buy Colorado Harvest Company, a chain of three dispensaries in Denver and Aurora, for $ 12.5 million in cash and stock.

That’s eight dispensaries in two days and ten different companies in three months, all purchased by Medicine Man Technologies.

The company’s spending spree started after the Colorado Legislature passed a bill this past session allowing publicly traded businesses, such as Medicine Man Technologies, to hold ownership stakes in marijuana companies. The new law doesn’t go into effect until November, though, so the deals announced thus far are still binding agreements and not yet official.

According to Medicine Man Technologies, the founders of its latest acquisitions — Starbuds’ Brian Ruden and Colorado Harvest Company’s Tim Cullen — will both join the new ownership group in executive positions. It’s unknown whether the dispensaries will transition to the Medicine Man dispensary brand, a chain of Colorado stores owned by Medicine Man Technologies CEO Andy Williams.

Colorado Harvest Company has three dispensaries in the metro area.EXPAND

Colorado Harvest Company has three dispensaries in the metro area.

Scott Lentz

Last year, Cullen spoke with Westword about the challenges of owning a federally illegal marijuana business and the lack of tax breaks that come with it; he even sold a dispensary license in 2018 to Starbuds (an Aurora location that wasn’t included in the Medicine Man deal) to help pay off a tax bill. As consolidation continues in the pot industry, Cullen chose Medicine Man Technologies as his landing spot.

Marijuana Deals Near You

“Following the passage of this law, the time was never more right for us to join the outstanding team at Medicine Man Technologies, who is now free to invest in the industry, given the synergies involved. Their growing team of Colorado cannabis pioneers is very impressive, and we are happy to be aligned with their joint efforts, all soon to be under one roof,” Cullen says in a statement on the deal. “Furthermore, the management team at Medicine Man Technologies is incredibly accomplished, and they are executing successfully on their plan to bring financial discipline and a clear strategy in their efforts to build the region’s premier cannabis company. We are delighted to join them in this next leg of growth.”

Starbuds still owns six dispensaries in Colorado, with another in Denver on the way, as well as several more stores in Oklahoma, Maryland and Jamaica. But Ruden, who helped push the chain from a few storefronts in Colorado to over a dozen nationwide, will join the Medicine Man Technologies executive team.

“Brian and his team have built an enviable brand and a most successful operation recognized in the industry for its award-winning strains, for its high profitability, and for having the most successful customer loyalty program around,” Williams says in a statement. “We happily welcome them and these five locations into the Medicine Man Technologies family.”

In addition to these dispensaries, over the last three months Medicine Man Technologies has announced deals to acquire eight more marijuana businesses, including Colorado marijuana brands such as Dabble Extracts, Purplebee’s Extracts, Los Sueños Farms and a yet-to-be-named edibles manufacturer, as well as research and medical marijuana companies MedPharm Holdings and Colombian medical marijuana licensee Green Equity.


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Is Sex Good Medicine for Parkinson’s?

By Alan Mozes
HealthDay Reporter

MONDAY, July 15, 2019 (HealthDay News) — Can sex help improve the health of a Parkinson’s patient?

It might — at least for some.

So claims a new two-year study that tracked the sexual habits and disease progression among 355 Parkinson’s patients.

“This is in line with data showing a close relationship between sexual health and general health, both in healthy individuals and in patients with chronic disease,” said the Italian-British study team, led by Dr. Marina Picillo. She’s an assistant professor at the University of Salerno’s Center for Neurodegenerative Diseases in Salerno, Italy.

Picillo and her colleagues concluded that early-stage male patients who are sexually active do experience “milder” disease progression and a less dramatic loss of motor skills and other disease symptoms, compared with those who don’t.

But there’s a hitch. The finding only appears to apply to men.

Why? The answer is not clear. But one factor may be that the investigation results were skewed, as twice as many men were enrolled as women (238 men versus 117 women).

Beyond that, the study authors pointed out that women experience different Parkinson’s symptoms from men. And women “are less prone to talk about sexual and genital issues due to societal attitudes,” wrote Picillo.

Even so, she and her research team said the findings warrant the attention of movement disorder specialists, who might view a patient’s sexual history as a tool to predict or even influence Parkinson’s disease progression.

If so, the finding could turn out to be big news for the roughly 1 million Americans the Parkinson’s Foundation estimates will be living with the disease by 2020.

For one, the neurodegenerative disease can be very debilitating, presenting symptoms such as uncontrollable tremors, trouble walking, rigidity and stooping, dizziness, balance issues and slowness.

There is also no known cure or prevention for Parkinson’s, and symptoms can be difficult to treat.

So the researchers set out to see if an active sex life might help.

Study participants were about 57 years old when first diagnosed with Parkinson’s. At the 2005-2006 study launch, all were classified with “early-stage” disease.

Continued

All underwent motor skill disability testing and mental health screenings before completing a health interview that asked about overall heart health; sleep habits; feelings of fatigue, pain, or apathy; stomach and urinary status; attention and memory skills; body weight changes, and respiratory condition.

Patients were also asked if they had sex and/or sexual dysfunction during the past year.

It turned out that the men said they were twice as sexually active as women: While about two-thirds of men said they were having sex, only one-third of women said the same.

At the same time, nearly half the men complained about erectile dysfunction and orgasm problems, and sexual activity did drop off somewhat for everyone during the two years of follow-up.

Still, Picillo’s team concluded that men who engaged in sexual activity displayed less severe motor disability and a better overall quality of life than those who did not. For women, no such luck.

Reacting to the findings, the University of Florida’s Dr. Adolfo Ramirez-Zamora stressed that “the association between active sexual life and improvement in motor and non-motor symptoms is important.” He is an associate professor of neurology and a Parkinson’s Foundation education expert.

“It is in line with the concept that improving sexual function increases pleasure, communication and satisfaction between couples, increases relationship intimacy, and reduces stress and [Parkinson’s] symptoms,” said Ramirez-Zamora.

At the same time, he noted that “hyper-sexuality” is a “well-established and common impulse control disorder” among Parkinson’s patients who take a class of drugs known as dopamine agonists, which include pramipexole (Mirapex) and ropinirole (Requip).

Such drugs can help patients by activating a brain receptor that produces dopamine, which is known to help regulate movement. But it could also mean that the treatment — rather than sex — is what contributed to an improved quality of life.

So Ramirez-Zamora cautioned against drawing any firm conclusions on the role of sex in Parkinson’s progression, until more research is completed.

Picillo and her team reported the findings recently in the European Journal of Neurology.

WebMD News from HealthDay

Sources

SOURCES: Adolfo Ramirez-Zamora, M.D., associate professor, neurology, University of Florida, Gainesville; July 3, 2019,European Journal of Neurology

Copyright © 2013-2018 HealthDay. All rights reserved.

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Medicine Man Technologies Continues Acquisition Spree

Medicine Man Technologies, a publicly traded marijuana business conglomerate based in Denver, just keeps expanding. A week after the company announced its plans to purchase two commercial marijuana operations in Colorado, it revealed an agreement to buy Colombian marijuana producer Green Equity.

When Westword interviewed Medicine Man CEO Andy Williams about the company’s recent deals in Colorado, he was in Colombia; at the time, he mentioned plans to purchase a third marijuana company, but couldn’t drop the name.

But now he can.

“This pending acquisition secures our strategy for international growth, beginning with our entry into Colombia,” Williams says in a statement announcing the new agreement. “We have proven the success of our rollout in Colorado and have developed a world-class reputation that now is ripe with opportunities.”

Although recreational marijuana sales are still illegal in Colombia, the plant is legal for certain medical uses in that country, and personal cultivation and consumption are decriminalized. By purchasing Green Equity, which holds Colombian business licenses for marijuana cultivation, manufacturing, extraction, exportation and research, Medicine Man Technologies will further its plans to create a global footprint as support for marijuana legalization grows.

“We believe that our early entry into the market will allow us to further our goal of becoming a major global player in the cannabis industry and create tremendous value for our shareholders,” Williams adds.

According to the purchase announcement, Medicine Man Technologies will pay $ 5.4 million for Green Equity, with $ 450,000 in cash and 1,292,427 shares of common stock at $ 3.83 per share.

Marijuana Deals Near You

On June 5, Medicine Man Technologies announced it had binding agreements to buy Los Sueños Farms, an outdoor marijuana farm on 36 acres outside of Pueblo, as well as Mesa Organics Ltd, which owns a commercial cultivation, dispensary and extraction facility in Pueblo; the company also has an agreement in place to buy cannabis pharmaceutical research firm MedPharm Holdings.

Those sales can’t take place until the language of House Bill 1090 goes into effect, however, because Medicine Man Technologies is a publicly held company, and such entities are still banned from entering Colorado’s marijuana industry under soon-to-be-obsolete regulations. The new law takes hold in Colorado on November 1; Medicine Man plans to complete its purchase of Los Sueños and Mesa Organics by February 1, 2020.

Medicine Man Technologies also currently reports having ownership in a cannabis nutrient brand (Success Nutrients), a hydroponic store and wholesale supplier (the Big Tomato), a marijuana consulting business (Denver Consulting Group), and a publishing outlet for books and phone apps (Three a Light), while Williams is an owner of Medicine Man dispensaries in Colorado.


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Medicine Man Agrees to Buy Country’s Largest Outdoor Marijuana Farm

Well, that didn’t take long: Less than a week after Colorado Governor Jared Polis signed a bill that expanded marijuana business investment opportunities for publicly traded companies, venture capitalists and private equity firms, one of the state’s largest pot corporations announced plans to scoop up two commercial marijuana operations, including the largest legal outdoor cultivation in North America.

On June 5, Medicine Man Technologies announced that it had reached binding agreements with Los Sueños Farms, an outdoor marijuana farm on 36 acres outside Pueblo, as well as Mesa Organics Ltd, which owns a commercial cultivation, dispensary and extraction facility in Pueblo. The price of the acquired companies will be 125 percent of their respective gross revenues in 2019, according to Medicine Man CEO Andy Williams, who says that operations should remain the same outside of a few administrative changes.

The sales can’t take place until the language of House Bill 1090 goes into effect, however, because Medicine Man Technologies is a publicly held company. After the new law takes hold on November 1, Medicine Man plans to finish purchasing both companies by February 1, 2020, Williams says.

And that might not be the end of the buying spree: Medicine Man Technologies’ most recent quarterly report with the Securities and Exchange Commission notes that the company has binding term sheets executed “with three entities.” Williams is mum on future acquisition plans, but confirms that Medicine Man is looking to purchase more companies.

Marijuana Deals Near You

“The new law repealed the prohibition against public companies from owning cannabis licenses in the state. It also made provisions to allow out-of-state ownership of cannabis licenses without the restrictive provisions that were in place before,” he explains. “Now, outside investment can come from a public company or private money, like investment funds, banks or private equity capital.”

As initially written, Colorado regulations regarding marijuana companies were designed to discourage criminal investment in the pot industry, which is still federally illegal and largely a cash-only trade. But as more states (and Canada) legalize recreational marijuana and ease investment opportunities, Colorado’s larger pot companies began to get frustrated with this state’s relatively strict rules.

The new rules allowing public investors and more funding revenues weren’t supported by all of the industry, though; owners of smaller marijuana businesses were concerned about increased consolidation within the state. But even so, those walls are about to go down, and Williams expects similar moves from other marijuana companies with deep pockets.

“Not everybody is going to do this, but I do know other companies that I have a lot of respect for that will be going down similar paths,” he says. “That is going to be great for Colorado, ending up with two or three headquarters of the country’s largest cannabis companies.”

One of the first marijuana companies to file with the SEC, Medicine Man Technologies is already a big conglomerate. The company currently reports ownership of Medicine Man dispensaries in Colorado, as well as a cannabis nutrient brand (Success Nutrients), a hydroponic store and wholesale supplier (the Big Tomato), a marijuana consulting business (Denver Consulting Group), a publishing outlet for books and phone apps (Three a Light) and a cannabis pharmaceutical research firm (MedPharm Holdings).


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