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PHOENIX, Jan. 28, 2019 (GLOBE NEWSWIRE) -- Uptick Newswire Stock Day Podcast welcomed Medicine Man Technologies (OTCQX:MDCL) (“The Company”) which offers full-service solutions and a la carte products and services to clients interested in exploring, entering, or operating in the legal cannabis industry. Interim CEO & Co-Founder Andy Williams sat down with Stock Day’s Everett Jolly.
“Over the last 5 years this company has grown to be a leader in the cannabis consulting space as well as offering different products to the industry. We work in 17 states and 7 countries right now,” Williams began. “Our product lines are Success Nutrients, which of course is the best nutrient line on the market and that is expanding very quickly right now. We are expanding the registration of that product all over the United States then we will focus globally.”
Williams went on to say they also have books relating to cannabis that have sold over a million dollars’ worth of copies. He said they are the leading cannabis operator in Colorado, where they cultivate and sell marijuana. The marijuana company is what they built the consulting company off of.
“Up until this point marijuana companies haven’t been able to be owned by public companies in Colorado. I’ve been working very hard to change that law and this year we’ll be successful. Colorado House Bill 19-1090 is going through right now and the governor says he can’t wait to sign it.”
Williams says he anticipates it passing in February and by mid-summer they can finalize the acquisitions of the cannabis companies. Williams said that will be the launch of Medicine Man Technologies into the operating space.
Jolly then asked if Williams thought within the next decade or so if Big Pharma would find a paradigm shift regarding cannabinoids and CBD. Williams said the pharma side has been a part of business plan since 2015.
“We are researching cannabis, we have the only research license that’s owned by a cannabis company in the state of Colorado, and I believe that goes for the country as well. We have a GMP certified facility that we produce all of these dosage forms in and we also have a sterile clean room for research. It’s very unique in the country and it’s because that’s where I think the cutting edge is for this industry and also the benefit for individuals,” explained Williams.
Jolly then asked about a recent press release from the company says they came to an agreement with Medicine Man Denver and MedPharm. Williams MedPharm is experiencing tremendous growth.
“By 2019 we should be at a run rate of $5- $6 million as for sales. It’s a phenomenal company, but really the purpose of that company was to sell products in order to make money and stay in business so we can support the research we want to do,” said Williams.
Williams then went on to explain that the future of Medicine Man Technologies is to continue to expand their service lines while turning to be operators as a focus.
“We have a lot ahead of us and explosive growth. The most telling thing for people right now is to look at how our company compares to the competitors in the space,” said Williams. “There is a lot of blue sky for our stock right now because prior to this point we’ve been a consulting company, now that we are plant touching, I think our stock will be reevaluated.”
To listen to the entire interview with Andy Williams, listen to the Stock Day Podcast here: https://upticknewswire.com/featured-interview-ceo-andy-williams-of-medicine-man-technologies-inc-otcqb-mdcl/
About Medicine Man Technologies
Medicine Man Technologies (OTCQX: MDCL), offers full-service solutions and a la carte products and services to Clients interested in exploring, entering, or operating in the legal cannabis industry. Our team is composed of cannabis experts with a variety of experience representing cultivation, processing and dispensary operations, finance, compliance, training, design, and other professional skills. Our comprehensive Menu of Services presents your team with the products and solutions to best conduct your cannabis business.
4880 Havana Street, Suite 201
Denver, CO 80239
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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