Medicine Man Technologies Stock (OTCQX: MDCL) - Investor Dashboard
|Market Focus:||United States|
|Employees:||25 (April 2019)|
Medicine Man Technologies – Services and Products
Medicine Man Technologies is a leading cannabis consultancy and solutions provider with a rapidly expanding footprint in North America. Medicine Man provides value-added services to cannabis cultivators with a full suite of complementary consulting, licensing, and product solutions that spans the entire cannabis industry supply chain. As the company has evolved its various business lines and branding strategies, Medicine Man Technologies has aligned the business units into three categories.
Medicine Man Technologies offers consulting and business planning support for over 40 cannabis businesses nationwide, leveraging the “know how” refined by Medicine Man Denver through 7+ years of operational experience in the Colorado marketplace. The company assists new groups entering the cannabis space and provides facility design and financial modeling services.
Through the Cultivation MAX service line, Medicine Man Technologies is able to optimize existing cultivation operator’s existing facilities to improve yield, consistency, quality, and efficiency in order to maximize its full production potential as well as reduce costs where possible. The service is designed to enable existing operators to become highly efficient cultivators, allowing them to continually compete in a highly competitive landscape. Medicine Man Technologies shares its proprietary cultivation standard operating procedures and provides its clients training as part of agreement that are structured over a 3-5 year term typically, with the company receiving an up-front payment as well as a performance-based fee tied to the production metrics of the facility.
Success Nutrients, via Medicine Man Technologies, has been engaged in the manufacturing, wholesale and retail distribution of 9 different plant nutrients for cannabis. The brand provides one of the key underpinnings of the cultivation methodology and is essential to the overall “Three -A-Light” performance metric. The company has been expanding the addressable market beyond its initial area of focus, Colorado, and is selling nutrients in five additional states and Canada. Medicine Man acquired The Big Tomato, a hydroponics and indoor gardening supplier, which now operates as a part of the company’s nutrients business.
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