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Medicine Man Technologies ( (SHWZ) ) has shared an announcement.
Medicine Man Technologies, Inc. has announced a notice of default due to delays in filing quarterly reports, attributed to the suspension of its auditor, B.F. Borgers CPA PC, by the SEC. The company is undergoing a financial restatement process and seeking to rectify defaults, while also appointing Forrest Hoffmaster as the new CEO, effective December 9, 2024. Hoffmaster, with extensive executive experience, will continue as CFO until a successor is named, with strategic leadership expected to stabilize and potentially enhance the company’s position amid these challenges.
More about Medicine Man Technologies
Medicine Man Technologies, Inc. operates within the cannabis industry, providing consulting services, cultivation, and retail solutions. The company aims to enhance its market position by integrating acquisitions and expanding its operational capabilities.
YTD Price Performance: -83.61%
Average Trading Volume: 12,843
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.82M
For an in-depth examination of SHWZ stock, go to TipRanks’ Stock Analysis page.