Market Share Growth
Schwazze has been gaining market share in Colorado and New Mexico. In Colorado, the company outperformed the market with 6% growth in a market that declined 11%. In New Mexico, revenue grew 9% sequentially compared to the state's 2%.
Wholesale Business Expansion
The wholesale business showed quarter-over-quarter growth, with penetration increasing to 34% in Colorado and 35% in New Mexico. New product offerings like Lowell Farms pre-rolls and Wana gummies contributed to this growth.
Debt Restructuring
Schwazze extended the maturities for their $15 million Altmore loan and $17 million Reynold Greenleaf & Associates promissory note from February to November 2025, providing financial flexibility for strategic growth.