Medicine Man Technologies Founder, President Leaves Company
Medicine Man Technologies’ Andy Williams, president and vice chairman of the board, has decided to leave the company to focus on cannabis medical and genetic research, along with pursuing new opportunities in the cannabis industry.
Williams, a cannabis entrepreneur, founded the company in 2014 and led its growth over the last five years. Most recently, he was a proponent of Colorado House Bill 19-1090, which opened the Colorado cannabis industry to outside funding beginning on Nov. 1, 2019. This new era in Colorado has provided the company with the opportunity to create one of the leading vertically integrated cannabis operators within the state through strategic acquisitions.
Chief Executive Officer Justin Dye recently gave a company update to a room of Benzinga Cannabis Capital Conference attendees, including progress on the closings of the pending acquisitions.
In response to the legislative change with Colorado House Bill 19-1090, the company entered into agreements with 11 cannabis operators across the state of Colorado to become one of the largest vertically integrated seed-to-sale operators in the global cannabis industry. Once complete, these agreements will enable Medicine Man Technologies to offer:
- cultivation capabilities at 13 indoor, greenhouse and outdoor facilities totaling 2.1M growing square feet,
- extraction and production capabilities at five facilities totaling 23,000 manufacturing square feet,
- 34 dispensary operations totaling 64,000 retail square feet, and
- product development and innovation.
For more information about Medicine Man Technologies, visit www.MedicineManTechnologies.com.
