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Medicine Man Technologies acquiring Colorado marijuana firm


A buying spree by Denver-based Medicine Man Technologies continues, with a deal announced Wednesday to buy Colorado Harvest Co. and its three cannabis storefronts for $12.5 million. Medicine Man Technologies said it is paying $4 million in cash and 2.8 million shares of common stock valued at $2.95 per share, equal to $8.5 million in stock Medicine Man trades on over-the-counter markets under the ticker symbol MDCL. The purchase marks Medicine Man's ninth acquisition this year, according to t...

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