Medicine Man Technologies Adds Marijuana Research Company, Branded Product Lines and Intellectual Property
Development Capabilities to Their International Base of Over 100 Clients
DENVER, CO / ACCESSWIRE / January 15, 2019 / Medicine Man Technologies (OTCQX: MDCL), a leading consulting, IP
licensing and products company in the cannabis industry, has signed binding term sheets and conditions for acquisition of MedPharm
Holdings, LLC, an intellectual property development and holding company focused on cannabis research and product/brand
development.
MedPharm Holdings, LLC provides extraction expertise, cannabis pharmaceutical-grade dosage forms using current "Good
Manufacturing Practices'' that include pre-formulation; formulation development; commercial manufacturing; analytical method
development and validation; and routine quality control analysis and stability studies. MedPharm's capabilities also allow for
in-depth analysis to include clinical studies. MedPharm's popular brands include: Aliviar, a medically focused line with a
proprietary blend of cannabinoids, terpenes, niosomes, essential oils and other excipients; become, a pure cannabis
concentrate marketed to the female demographic and BATCH, high-quality extracts for the connoisseur.
MedPharm Holdings, LLC has two licensees. The first is MX, LLC in Colorado, an extraction and marijuana-infused products
company, which holds the only Colorado state cannabis research license. The second is MedPharm Iowa, a vertically integrated
medical marijuana company. MedPharm Holdings, LLC also has a pending application for a federal research Bulk Manufacturer license
to provide cannabis and cannabis dosage forms for research purposes.
MedPharm Holdings, LLC is currently solidifying an international expansion in South America and evaluating opportunities in
other continents.
''This planned acquisition of MedPharm Holdings, LLC brings world-class processing, research and pharmaceutical-grade products
to the Medicine Man Technologies' portfolio. This is a significant step in becoming a dominant global operator, filling a key gap
in our current products and services,'' says Andy Williams, Medicine Man Technologies' Chief Executive Officer. ''We have had
clients in 17 states and seven countries, this highly scalable product line allows us to leverage those existing relationships
worldwide.''
The acquisition of MedPharm Holdings, LLC is expected to close sometime in the first quarter of 2019 pending completion of due
diligence.
About Medicine Man Technologies, Inc.
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 or has had active clients in California, Iowa, Oregon, Colorado, Nevada, Illinois, Michigan, Arkansas, Pennsylvania,
Florida, Ohio, Maryland, New York, Oklahoma, Massachusetts, Puerto Rico, Canada, Australia, Germany, and South Africa. The Company
continues 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 our
Brands Warehouse concept through entry into industry based cooperative agreements and pursuing other acquisitions as they prove
suitable to our overall business development strategy.
Safe Harbor Statement
This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions
that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or
expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common and
preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming
quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S.
Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those
projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings
with the Securities and Exchange Commission. Among other matters, the Medicine Man Technologies may not be able to sustain growth
or achieve profitability based on many factors including, but not limited to, general stock market conditions. Reference is hereby
made to cautionary statements set forth in the Company's most recent SEC filings. We have incurred and will continue to incur
significant expenses in the expansion of our existing and new service lines, noting there is no assurance that we will generate
enough revenues to offset those costs in both the near and long-term. Additional service offerings may expose us to additional
legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing
services, the impact of which cannot be predicted at this time.
Contact Information:
Brett Roper via
info@medicinemantechnologies.com
Telephone (303) 371-0387
SOURCE: Medicine Man Technologies