SCHWAZZE OPENS CANNABIS DISPENSARY IN NEW MEXICO SERVING LOS LUNAS COMMUNITY; SECOND R.GREENLEAF STORE TO OPEN WITHIN A WEEK

<br /> SCHWAZZE OPENS CANNABIS DISPENSARY IN NEW MEXICO SERVING LOS LUNAS COMMUNITY; SECOND R.GREENLEAF STORE TO OPEN WITHIN A WEEK<br />

Canada NewsWire

NEO: SHWZ

OTCQX: SHWZ

Grand Opening Event Scheduled for

Wednesday, December 17

^th

DENVER

,

Dec. 5, 2022

/CNW/ –

Schwazze,

(OTCQX: SHWZ) (NEO: SHWZ)

(“Schwazze”

or the

“Company”),

a premier vertically integrated, multi-state operating cannabis company with assets in

Colorado

and

New Mexico

, announces the grand opening of its adult-use dispensary,

R.Greenleaf

, located in

Los Lunas, New Mexico

. The new store, located at 2245 Main Street in

Los Lunas

, officially opened its doors for business on

December 1st

. Store operating hours are 10a to 10p Monday through Saturday; 10a to 8p on Sunday.

The Los Lunas R.Greenleaf store opening continues the deliberate expansion throughout the state of

New Mexico

and comes on the heels of the store opening just one week ago in

Sunland Park

which followed two store openings in

Ruidoso

and

Clovis

in the last 60 days. This brings R.Greenleaf’s total number of

New Mexico

retail dispensaries to 14. All locations serve the needs of medical patients as well as recreational adult-use consumers.

“We are thrilled to be opening up the second R.Greenleaf dispensary in

New Mexico

within one week’s time. The team has been incredibly hard at work to make this happen,” said

Steve Pear

, New Mexico Division President for Schwazze. “R.Greenleaf, offering a wide variety of quality products serviced by top-notch, knowledgeable staff, has grown from 10 locations to now 14 in

New Mexico

since Schwazze purchased the retail banner earlier this year.”

A grand opening celebration of Los Lunas R.Greenleaf will be held on Saturday, December, 17th, beginning at 10a and running until 3p. Swag bags will be available to the first 50 shoppers featuring a tote bag, branded rolling papers and other R.Greenleaf gear. DJ Sonya G will be on site during the event to provide tunes for all in attendance, and Ribs Hickory Pit BBQ will provide free pulled pork sandwiches for the first 50 customers making a purchase.

R.Greenleaf Los Lunas will also offer introductory pricing on flower, edibles, and vapes beginning on the 17
^th
and continuing through

December 24th

. Enrollment in the Gratify Rewards loyalty program is already open. Gratify Rewards members that make a purchase of any amount on

December 17

^th
will automatically be entered to win a

$100

R.Greenleaf gift card.

Los Lunas Store Location

R.Greenleaf

2245 Main Street

Los Lunas, New Mexico

87031

Grand Opening Celebration

Saturday, December 17th

10a to 3p

Since

April 2020

, Schwazze has acquired, opened or announced the planned acquisition of 39 cannabis retail dispensaries as well as seven cultivation facilities and two manufacturing plants in

Colorado

and

New Mexico

. In

May 2021

, Schwazze announced its Biosciences division and in

August 2021

it commenced home delivery services in

Colorado

.

About Schwazze

Schwazze (OTCQX: SHWZ NEO: SHWZ) is building a premier vertically integrated regional cannabis company with assets in

Colorado

and

New Mexico

and will continue to take its operating system to other states where it can develop a differentiated regional leadership position. Schwazze is the parent company of a portfolio of leading cannabis businesses and brands spanning seed to sale. The Company is committed to unlocking the full potential of the cannabis plant to improve the human condition. Schwazze is anchored by a high-performance culture that combines customer-centric thinking and data science to test, measure, and drive decisions and outcomes. The Company’s leadership team has deep expertise in retailing, wholesaling, and building consumer brands at Fortune 500 companies as well as in the cannabis sector. Schwazze is passionate about making a difference in our communities, promoting diversity and inclusion, and doing our part to incorporate climate-conscious best practices.

Medicine Man Technologies, Inc. was Schwazze’s former operating trade name. The corporate entity continues to be named Medicine Man Technologies, Inc. Schwazze derives its name from the pruning technique of a cannabis plant to enhance plant structure and promote healthy growth.

Forward-Looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “plan,” “will,” “may,” “continue,” “predicts,” or similar words. Forward-looking statements are not guarantees of future events or performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual events and results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; (v) difficulties in securing regulatory approval to market our products and product candidates; (vi) our ability to successfully execute our growth strategy in

Colorado

and outside the state, (vii) our ability to consummate the acquisition described in this press release or to identify and consummate future acquisitions that meet our criteria, (viii) our ability to successfully integrate acquired businesses, including the acquisition described in this press release, and realize synergies therefrom, (ix) the ongoing COVID-19 pandemic, * the timing and extent of governmental stimulus programs, and (xi) the uncertainty in the application of federal, state and local laws to our business, and any changes in such laws. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at

http://www.sec.gov

. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise except as required by law.