Medicine Man Opens Fourth Retail Location in Longmont, Colorado

DENVER, Feb. 21, 2019 /PRNewswire/ -- Medicine Man, Colorado's leading marijuana dispensary with the largest variety of cannabis, edibles, concentrates and CBD products for both medical and recreational patients, opened its newest retail dispensary in Longmont, Colorado, on February 20. The store opening comes after Medicine Man's January announcement of entering a binding agreement that is expected to lead to the near-term acquisition of Medicine Man by Medicine Man Technologies (OTCQX: MDCL), a leading consulting, intellectual property licensing and products company in the cannabis industry.

Located at 500 East Rogers Road, Longmont, Colorado, the new dispensary is strategically situated on "Car Row" with auto dealerships nearby, guaranteeing higher than normal foot traffic for retail sales. Medicine Man was one of four companies that were selected for a license in a highly competitive application process.

"Medicine Man is one of the pioneering operators that helped establish the burgeoning cannabis industry over the past decade with brand recognition far beyond its immediate market," says Andy Williams, Medicine Man Technologies' Chief Executive Officer. "Our expansion into retail stores allows us to leverage our reputation and expertise in the market and accelerate our growth in a segment of the business that we believe is highly scalable and profitable. The opening of the fourth Medicine Man retail location in Longmont is a key asset as we enter this exciting time of transition into a vertically integrated cannabis operator."

"As northern Colorado's newest dispensary we know there is a built-in demand for both the Medicine Man line of products and the Medicine Man retail experience. We are positioning the Longmont store as a discreet location that will cater to first-time customers, women and men in the 50-plus age demographic and our knowledgeable consumers who appreciate our extensive line of products. This event marks the beginning of a new chapter in the successful history of the Medicine Man brand and we are honored to be a part of the Longmont community," says Medicine Man Chief Executive Officer Sally Vander Veer.

To celebrate the opening of the Longmont store, Medicine Man is offering eight discounted retail promotions, including special pricing on cartridges, CBD products, edibles, shatter, smoking accessories, topicals and wax grams. Ongoing pricing discounts will be available for veterans, seniors and members of the service industry. The Longmont store will be 5,000 square feet and will carry the popular Medicine Man product line along with well-known brands carried at the other three Medicine Man locations, including: Canyon Cultivation, Cheeba Chews, Coda, CSC, Dutch Girl, Keef Cola, Incredibles, Mary's Medicinals, MedPharm, Ripple, Robhots, Stratos, Sweet Grass and Wana. Medicine Man's new Longmont location will be the closest Longmont-based dispensary to the towns of Berthoud, Dacono, Firestone, Frederick, Hygiene, Lyons, Mead, Niwot and Platteville.

Medicine Man's menu is posted on both www.leafly.com and www.weedmaps.com. For more information about the new Longmore location, or any of the Medicine Man locations across Colorado, please visit www.medicinemandenver.com.

About Medicine Man

Medicine Man is Colorado's leading cannabis retailer with four locations across the state in Aurora, Denver, Longmont and Thornton. Medicine Man offers a large variety of cannabis, edibles, concentrates, and CBD products for both medical and recreational patients. Established in 2009, Medicine Man is the city's largest individual marijuana dispensary, located just minutes from Denver International Airport. For more information, about the Medicine Man brand, please visit www.medicinemandenver.com.

CONTACT: 866-348-1997, [email protected]

SOURCE Medicine Man Technologies Inc.