PHOENIX, Sept. 25, 2018 (GLOBE NEWSWIRE) -- Medicine Man Technologies (OTCQB:MDCL) (“Medicine Man Technologies Inc.”) is growing more and more every quarter. CEO & Co-Founder Brett Roper sat down with Stock Day’s Everett Jolly to discuss their outlook.
Just as the interview began, Jolly noted the success of Medicine Man Technologies. They’ve had seven consecutive quarters of growth. Roper agreed the growth they’ve been able to achieve is extraordinary.
“Most of the growth is going to come from our continued expansion of our licensing and services division,” explains Roper. “As announced in mid-July, we’ve completed master licensing of our IP and Success Nutrients line in Canada which will have a very positive impact on our third quarter’s performance. We also expect to generate substantial profitability in the upcoming quarter as well as for this year as noted within our prior guidance posted via press release on July 25th of this year.”
The conversation then turned to Medicine Man Technologies Inc. recent, exclusive licensing agreement with Canada House Wellness Group Inc. (CSE: CHV), through its wholly owned subsidiary Abba Medix Corp.
“In talking with them over the summer, we agreed we needed to have a voice and someone to carry our flag in Canada,” says Roper. The licensing agreement calls for an initial payment of $4.65M (CAD) in the form of cash and stock for licensing noting Mr. Roper and members of the team will be working extensively with Canada House Wellness assisting with transition and product development, in particular focusing on the deployment of an evolving, highly efficient network of newly announced micro-cultivator license types in Canada.
Roper continued, “Our demonstrated cultivation efficiencies will fill a mutually beneficial niche within the micro-cultivator as well as indoor cultivation marketplace in Canada as well as internationally as other countries begin to experience legalization at both the medical and adult use level. Further, we believe that over time there will be significant demand for quality Cannabis based raw materials that are strain specific and associated with specific outcomes for the patient as well as consumer.”
To learn more about what Medicine Man Technologies has in store, listen to the podcast here: https://upticknewswire.com/featured-interview-ceo-brett-roper-of-medicine-man-technologies-inc-otcqb-mcdl-2/
About Medicine Man Technologies
Established in March 2014, the Company secured its first client/licensee in April 2014. To date, the Company has provided guidance for several clients that have successfully secured licenses to operate cannabis businesses within their state. The Company currently has active clients in California, Oregon, Colorado, Nevada, Illinois, Michigan, Arkansas, Pennsylvania, Florida, Ohio, Maryland, Massachusetts, Puerto Rico, Australia, Canada, Germany, and South Africa. We continue to focus on working with clients to 1) utilize its experience, technology, and training to help secure a license in states with newly emerging regulations, 2) deploy the Company's highly effective variable capacity constant harvest cultivation practices through its deployment of Cultivation MAX, and eliminate the liability of single grower dependence, 3) avoid the costly mistakes generally made in start-up, 4) stay engaged with an ever expanding team of licensees and partners, all focused on quality and safety that will share the ever-improving experience and knowledge of the network, and 5) continuing the expansion of its Brands Warehouse concept.
For more information: http://www.medicinemantechnologies.com
About Brett Roper
Mr. Roper has an extensive background in business development, having successfully ‘shepherded’ several Form 10 and S1 filings as well as a successful NASDAQ up listing effort, most recently co-founding Medicine Man Technologies. Mr. Roper has a substantial RE based background, managing acquisition, interim holding, and disposition of substantial industrial properties in the 50,000 to 400,000 SF range and provides design insights for cannabis related property deployment. His experience also includes responsibility for the management of a national marketing program for a regional RE developer having relationships with SIOR, NAI, CORFAC Global, NAIOP, and other real estate organizations across the country. He has served in a number of advisory capacities to other pre-public and public companies including corporate development, strategic initiative refinement, business turnaround, service as an independent board member, and management of investor relations fundamentals. His extraordinary background has allowed him to become a well-rounded ‘quiet advisor’ to many companies as well as investors in the Canna-business space.
Contact:
Brett Roper
Phone: 303-371-0387
info@medicinemantechnologies.com
Fax: 303-371-0598
4880 Havana Street, Suite 201
Denver, CO 80239
Safe Harbor Statement
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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SOURCE:
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