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Medicine Man Technologies inc   (MDCL)
Other Ticker:  
 
    Sector  Services    Industry Consulting Services
   Industry Consulting Services
   Sector  Services
 
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 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 65
 Employees 45
 Revenues (TTM) (Millions $) 208
 Net Income (TTM) (Millions $) -71
 Cash Flow (TTM) (Millions $) -19
 Capital Exp. (TTM) (Millions $) 13

Medicine Man Technologies Inc
Medicine Man Technologies Inc. is a publicly traded company that offers consulting services and proprietary products to the legal marijuana industry. The company, which was founded in 2014 in Colorado, aims to help businesses navigate the complex regulations and licensing requirements of the emerging legal cannabis industry.

Medicine Man offers a range of consulting services to businesses in the cannabis industry, including cultivation, manufacturing, extraction, and distribution. Their team of experts has extensive knowledge of the cannabis business and can help clients with everything from facility design and construction to regulatory compliance and business strategy.

In addition to their consulting services, Medicine Man also offers proprietary products for cannabis cultivation, including lighting systems, nutrient systems, and other cultivation-related products. The company also offers education and training programs for growers and other cannabis professionals.

As of 2021, Medicine Man Technologies has expanded its operations internationally, with a presence in countries such as Canada and Colombia. The company has also completed several acquisitions, further expanding its portfolio of services and products.

Medicine Man Technologies operates under a business-to-business model, working with licensed cannabis operators rather than selling products directly to consumers. The company aims to be a one-stop-shop for cannabis businesses, offering a wide range of services to help companies succeed in this growing industry.

Overall, Medicine Man Technologies is a leading player in the legal cannabis industry, providing valuable services and products to businesses looking to enter and thrive in this complex and rapidly evolving market.


   Company Address: 865 N. Albion Street Denver 80220 CO
   Company Phone Number: 371-0387   Stock Exchange / Ticker: MDCL


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CGC   -0.75%    
TLRY   -10.31%    
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Medicine Man Technologies Inc

Medicine Man Technologies Inc Enforces Commitment to Financial Transparency with $5.14 Million Tax Charge Filing

Medicine Man Technologies Inc (MDCL) has recently announced impressive financial results for the three months ending June 30, 2023. The company reported a remarkable revenue increase of 677.675% year on year, amounting to $41.52 million. Despite this revenue growth, MDCL also experienced an increased loss per share at $-0.15.
In comparison to other companies in the Consulting Services sector, MDCL's revenue growth outpaced its peers in the second quarter of 2023. The average revenue growth for the two other entities in the Consulting Services industry during the same period was only 14.83% compared to MDCL's significant growth. This indicates that MDCL is performing exceptionally well and demonstrating its capabilities as a leader in the industry.

Medicine Man Technologies Inc

Despite Revenue Surge, Medicine Man Technologies Inc Struggles to Achieve Profitability in Q1 2023

Medicine Man Technologies Inc, a leading medical cannabis consulting firm, recently reported a robust revenue growth of 3203.032 % year on year to $40.00 million in the first quarter of 2023 earnings season. However, there was an expansion of losses at $-0.06. In comparison to the previous reporting quarter, the EPS improved from $-0.17 per share, but revenue tumbled by -73.581 % from $151.41 million.
Despite the impressive revenue growth, Medicine Man Technologies Inc saw a net deficit of $-0.284 million in the financial first quarter of 2023, compared to zero gain in the same period a year before. On the other hand, operating earnings rose by a staggering 31241.65% to $5.64996 million.










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