DENVER, June 12, 2019 -- PRESS RELEASE -- Medicine Man Technologies, Inc., a rapidly growing, vertically integrated cannabis operator, has announced that it has entered into binding term sheets to acquire 100 percent of the assets of Green Equity S.A.S. The acquisition will provide Medicine Man Technologies with additional licenses and intellectual property (IP) for cultivation, manufacturing, extraction, exportation and R&D, increasing its capabilities and service offerings to becoming a vertically integrated operator. The company will combine its best-in-class cultivation methods with its access to Green Equity's 271-acre farm, located outside Bogotá.

"This pending acquisition secures our strategy for international growth, beginning with our entry into Colombia," said Andy Williams, co-founder and chief executive officer of Medicine Man Technologies. "We have proven the success of our rollout in Colorado and have developed a world-class reputation that now is ripe with opportunities. 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."

Medicine Man Technologies will pay $5.4 million for Green Equity, consisting of $450,000 in cash and 1,292,427 shares of common stock at $3.83 per share. Following the company's recent financing with Dye Capital & Company, Medicine Man Technologies has a strong balance sheet to support its growth initiatives.

The deal marks the company's third transaction this month, underscoring its commitment to growing its footprint as an early mover within the dynamic cannabis space. Specifically, Medicine Man Technologies recently announced the pending acquisitions of Los Sueños, the largest cannabis farm and cultivation facility in North America, and a binding agreement with Purplebee's, a family-owned dispensary and major scale extractor of superior quality cannabis.

SALINAS, Calif. – PRESS RELEASE – California cannabis company Indus Holdings, Inc. has announced that it has acquired 70-percent of the issued and outstanding shares of Shredibles LLC in exchange for subordinate voting shares of Indus Holdings, Inc. The total transaction is valued at $240,000, based on the closing price of the company’s subordinate voting shares on June 11, 2019.

Shredibles, one of the first protein bars to infuse CBD oil with all-natural, vegan-friendly ingredients, are a handmade, healthy, post-workout alternative. Individual bars are infused with 20mg of CBD and are available in White Chocolate Macadamia, Peanut Butter Crunch and Dark Chocolate Blueberry Almond flavors.

Shredibles bars are popular beyond the traditional CBD-based retail market and are currently available in select gyms, yoga studios, grocery and health stores. Additionally, several notable athletes and artists have begun partnering with Shredibles through sponsorship and brand ambassador relationships.

“Our goal has long been to create a healthy recovery snack that pushes the boundaries of what’s possible with CBD,” explains Co-Founder and Chief Executive Officer Roddy Hanson.

“We felt an instant synergy after our first meeting with the Indus team, and the partnership will allow us to realize our vision for Shredibles,” adds Matt Callans, co-founder and chief operating officer. 

Since its founding in 2014, Indus Holdings, Inc. has been expanding its product offerings, adding CBD-based health and beauty brands to its portfolio of owned and licensed products, which includes Original Pot Co., MOON, Orchid Essentials, Humble Flowers Co., and Dixie Elixirs and Edibles.

“The CBD market is one of the fastest-growing segments of our industry because of people like Matt and Roddy, who have shown what’s possible when it is applied for health and wellness purposes,” says Indus Holdings, Inc. Co-Founder and Chief Executive Officer Robert Weakley. “This acquisition will allow us to expand our CBD footprint, opening doors nationwide and helping us reach millions of new consumers.

We’re proud to work with leaders who believe in expanding possibilities, and this acquisition has the potential to be a game-changing partnership for all of us."

Eastlake, Ohio (June 11, 2019) — PRESS RELEASE — As Ohio’s medical marijuana program ramps up, Wana Brands—a cannabis edibles producer—has announced that it will partner with Buckeye Relief, the operator of an environmentally friendly, state-of-the-art medical marijuana cultivation and processing facility, to bring cannabis-infused products to medical marijuana patients in Ohio in Q3 2019. Providing an alternative option to vaporizing flower, Wana Sour Gummies will offer medical patients a consistent and potent delivery method to address their medical conditions.

Medical marijuana patient counts have grown exponentially in Ohio since the program came online, with more than 31,075 patients registered as of April 2019. The medical marijuana market in Ohio, the seventh most populous state, has enormous growth potential. Offering medical marijuana as an option for patients provides an effective alternative to highly addictive prescription medications such as opioids.

“Wana Brands selected Buckeye Relief because it has a strong team with solid leadership, and because it has already proven to be a leader in the Ohio market,” said Wana founder and CEO Nancy Whiteman. “Ohio is a brand-new medical market, with many patients looking for consistent and reliable alternatives to vaporizing flower.”

Wana Brands' products are known for their consistency and potency. The company has been providing third-party testing of its products to ensure purity and potency since Wana was established in 2010. The products, expected to become available in Ohio’s medical dispensaries in Q3 2019, will include Wana Sour Gummies in Mango Sativa, Blueberry Indica, Watermelon Hybrid, Strawberry Lemonade 1:1 CBD/THC and Yuzu 2:1 CBD/THC. Other items from Wana’s carefully curated line of infused cannabis products will be added in the future.

Wana Sour Gummies are handcrafted and infused with high-quality tincture during the cooking process to ensure the best tasting, highest quality, consistent gummie on the market. Wana gummies are made with fruit pectin, not gelatin. A specially selected fruit pectin gives Wana Sour Gummies their amazing texture and makes them 100-percent vegan. All Wana products are made with gluten-free ingredients and taste like real fruit, thanks to all-natural flavoring, coloring and sugar. Wana Gummies also have no sorbitol or mineral oil, both of which can cause stomach upset.

Buckeye Relief was founded in 2016 after Gov. John Kasich signed House Bill 523 to legalize medical use of cannabis in Ohio. Since then, Buckeye Relief has played a central role in the development of Ohio’s medical marijuana industry. Buckeye Relief was Ohio’s first operational, Level One medical marijuana cultivation facility. The top-ranked company’s 60,000-square-foot facility harvested its first crop in December 2018.

“Currently, Ohio patients have few cannabis alternatives to treat their medical conditions, so they are looking forward to an additional choice in dosing such as Wana’s consistent and reliable Sour Gummies,” said Andrew Rayburn, co-founder and CEO of Buckeye Relief. “Wana is known for high quality, great flavor, and consistency and Buckeye Relief is thrilled to be teaming up with them to bring this effective medical alternative to Ohio.”

Ohio’s medical marijuana program allows for patients with conditions including AIDS, HIV, amyotrophic lateral sclerosis (ALS), Alzheimer’s disease, cancer, chronic traumatic encephalopathy, Crohn’s disease, seizure disorders including epilepsy, fibromyalgia, glaucoma, hepatitis C, inflammatory bowel disease, multiple sclerosis, pain that is chronic, severe or intractable, Parkinson’s disease, post-traumatic stress disorder, sickle cell anemia, spinal cord disease or injury, Tourette’s syndrome, traumatic brain injury, and ulcerative colitis.

With availability to medical patients in Ohio, Wana Brands’ continues expansion from its Colorado headquarters. The company’s consistent and potent medical marijuana products are also available in Colorado, Illinois, Michigan, Arizona, Nevada and Oregon dispensaries, with California and Florida (as regulations allow) also among the states imminently coming online. Wana Brands expects to expand internationally to Canada by 2020. Wana Brands is the No. 1 cannabis infused edibles brand in the United States, selling more units and dollars than any other cannabis products company, according to BDS Analytics.

The Ohio State Medical Board is scheduled to decide Wednesday whether to add anxiety and autism to the list of qualifying conditions for medical marijuana in the Buckeye State.

Physicians could recommend medical marijuana for any new conditions immediately following the vote.

The board could delay the vote to its July meeting if members want more time to consider the information about the conditions and potential treatment with medical marijuana.

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