An anonymous director reports

MULTI-STATE CANNABIS OPERATOR, SCHWAZZE, CONTINUES EXPANSION IN NEW MEXICO WITH NEW R.GREENLEAF STORE OPENING IN HOBBS, NM

Medicine Man Technologies Inc. opened its medical and recreational dispensary, R.Greenleaf Hobbs, on Saturday, Aug. 5, 2023. The new store is located at 1901 Joe Harvey Blvd., Suite 130, in Hobbs, N.M., 88240. Store operating hours are 8 a.m. to 11 p.m. Monday through Saturday and 8 a.m. to 8 p.m. on Sunday.

The R.Greenleaf Hobbs store opening continues the company's expansion throughout New Mexico and comes on the heels of eight additional R.Greenleaf store openings since Schwazze's acquisition of the retail banner in February, 2022. This opening along with the recent acquisition of Everest brings Schwazze's total number of New Mexico retail dispensaries to 33. All locations serve the needs of medical patients, as well as recreational adult-use consumers.

"We are excited to be a part of the growing cannabis community in New Mexico and to open an additional R.Greenleaf dispensary in the state. The team has been hard at work preparing to serve our customers in and around the city of Hobbs, offering a wide variety of quality products serviced by dedicated, knowledgeable staff," said Ken Bair, senior vice-president of New Mexico retail.

Since April, 2020, Schwazze has acquired, opened or announced the planned acquisition of 62 cannabis retail dispensaries (bannered as Star Buds, Emerald Fields, R.Greenleaf, Standing Akimbo and Everest), as well as eight cultivation facilities and three manufacturing plants across Colorado and New Mexico. In May, 2021, Schwazze launched its biosciences division, and in August, 2021, it commenced home delivery services in Colorado.

About Medicine Man Technologies Inc.

Schwazze (OTCQX: SHWZ and NEO Exchange: 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 its communities, promoting diversity and inclusion, and doing its 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.

We seek Safe Harbor.