I had a great time interviewing Justin Dye, CEO of Schwazze. Justin's midwestern values shine through, and you can see how his experience in running grocery stores is reflected in Schwazze's mindful spending and thoughtful expansion.
Schwazze is one of the top operators in Colorado, and recently raised $95 million to expand in soon-to-be adult-use New Mexico Market. They are acquiring Green Leaf, the second largest operator in New Mexico, for $25 million in cash and $17 million in sellers notes. Greenleaf operates ten dispensaries, three grow facilities, and a manufacturing facility. The deal is expected to close in early '22 and will add another cash-flow positive piece to the Schwazze puzzle.
Here's a link to the full interview on Seeking Alpha. While you are there, check out the other cannabis content, including a recent interview with Kyle Kazan from Glass House. For more on Schwazze, please revisit my article, "An Introduction To Schwazze: Building A Regional Powerhouse."