Mr. Ken Bair reports

SCHWAZZE ANNOUNCES GRAND OPENING OF ITS 35TH NEW MEXICO DISPENSARY IN BERNALILLO

Medicine Man Technologies Inc., operating as Schwazze, has opened its 35th New Mexico dispensary, R. Greenleaf Bernalillo. The store is located at 242 U.S.-550, Bernalillo, N.M., 87004, and operates from 8 a.m. to 11 p.m. Mondays through Saturdays and 8 a.m. to 9 p.m. on Sundays.

Ken Bair, senior vice-president of New Mexico retail, said: "We are thrilled to expand our presence in New Mexico with the addition of our Bernalillo dispensary, marking our 35th retail store in the state. We look forward to delivering on our brand promise of offering a wide assortment of high-quality products with exceptional customer service as we serve both the patients and customers of Bernalillo."

Grand opening celebrations will begin today with a ribbon-cutting ceremony by the New Mexico Cannabis Chamber of Commerce at 4:20 p.m. with Hustle Radio on site from 3 p.m. to 6 p.m. Schwazze will also host a Quarter Horse BBQ food truck on June 8, 2024, at 11 a.m., along with various pop-ups from partner vendors throughout both days.

The addition of R. Greenleaf Bernalillo brings Schwazze's total number of New Mexico retail dispensaries to 35 stores across the state under both the R. Greenleaf and Everest retail banners. All locations service both medical and recreational adult-use patients and consumers.

About Medicine Man Technologies Inc. (Schwazze)

Schwazze is building a premier vertically integrated regional cannabis company with assets in Colorado and New Mexico and will continue to explore taking 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.

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.

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