Schwazze Restructures Its $32M Debt Obligations, Improving Financials To Grow Across Colorado And New Mexico
Schwazze Restructures Its $32M Debt Obligations, Improving Financials To Grow Across Colorado And New Mexico
Medicine Man Technologies, Inc., operating as Schwazze (OTC:SHWZ) (Cboe CA: SHWZ) is restructuring its February 2025 debt obligations. The Colorado-based cannabis company announced Thursday that it finalized an agreement with two its lenders to restructure its $15.0 million Altmore, LLC loan agreement and its $17.0 million Reynold Greenleaf & Associates LLC promissory note,
医药人技术公司(Schwazze)(OTC:SHWZ)(Cboe CA:SHWZ)重组其2025年2月的债务义务。这家总部位于科罗拉多州的大麻公司周四宣布，已与两个借款人达成一项协议，重组了其1500万美元的Altmore,LLC贷款协议和1700万美元的Reynold Greenleaf和Associates LLC本票债券。
The debt restructuring comes on the heels of the company's common stock transition to the OTC Expert Market, due to its delayed filing. The delay was a result of an SEC order regarding the company's previous auditor, BF Borgers CPA PC, who was dismissed as Schwazze's auditor prior to the SEC's order.
该债务重组是该公司普通股过渡到场外交易专家市场兑现的结果。延迟是由于美国证券交易委员会于此前审计师BF Borgers CPA PC被解聘为Schwazze的审计师而发出的命令。
Schwazze officials said the debt restructuring improves its financial position by extending the maturities of both debt instruments to the end of 2025 and materially reducing amortization payments for the Altmore loan agreement.
Schwazze官员表示，债务重组通过将两种债务工具的到期日延长至2025年底，并实质性减少Altmore贷款协议的分期偿还款项，改善了其财务状况。
"This restructuring marks a pivotal accomplishment for Schwazze," stated Forrest Hoffmaster, interim CEO of Schwazze. "Extending the maturities for our near-term debt obligations provides us with the financial flexibility needed to execute our strategic growth initiatives in both Colorado and New Mexico. We appreciate our lenders for their support and confidence in our strategic vision. With the close of these agreements, Schwazze will have no debt maturities until November of 2025."
Schwazze的代总裁Forrest Hoffmaster表示:"这次重组标志着Schwazze的一个关键成就。将近期的债务到期日延长，为我们在科罗拉多州和新墨西哥州执行战略增长计划提供了所需的财务灵活性。我们感谢我们的贷款人对我们战略的支持和信心。随着这些协议的完成，Schwazze将在2025年11月之前没有债务到期日。"
Amended Debts Highlights
修改后的债务亮点
Altmore Loan Agreement
Altmore贷款协议
- 9-month maturity date extension from February 2025 to November 2025.
- Reduction of quarterly principal payment from $750,000 to $300,000, which became effective in the Q2 2024 payment. Additionally, the Company will pay a quarterly administrative fee of $75,000.
- No change in interest rate of 15%.
- 将到期日的9个月延长，从2025年2月至2025年11月。
- 将每季度的本金支付从75万美元降低到30万美元，自2024年第二季度款项生效。此外，公司将支付每季度7.5万美元的行政费用。
- 利率不变为15%。
R. Greenleaf Promissory Note
R. Greenleaf本票债券
- 9-month maturity date extension, subject to certain conditions contained in the amendment, from February 2025 to November 2025 for 90% of the principal amount. The remaining 10% of the principal amount will be paid in February 2025.
- No change in interest rate of 5%.
- 将到期日的9个月延长，但必须满足修正案中包含的某些条件，从2025年2月至2025年11月占本金的90%。剩余10%的本金金额将在2025年2月支付。
- 利率不变为5%。
Price Action
股价变动
Schwazze shares closed Thursday market session 4% lower at 34 cents per share.
Schwazze股票周四市场收盘价为34美分，下跌4%。
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为了及时了解大麻股票及整个行业发展趋势，请于10月8日至9日加入我们的第19届Benzinga大麻资本大会，并通过以下链接确认购票。
Photo: Courtesy of NikolayFrolochkin and ganjaspliffstoreuk by Pixabay
照片：由NikolayFrolochkin和ganjaspliffstoreuk通过Pixabay提供