Medicine Man Technologies Launches Online Marketplace for Strategic Partners’ Dispensary Operations

DENVER–(BUSINESS WIRE)–Medicine Man Technologies, Inc. (OTCQX:MDCL) (“Medicine Man Technologies” or “the Company”) today launched a collective platform to support strategic partners through COVID-19.

In accordance with emergency rules and regulations in place throughout the state of Colorado due to COVID-19, cannabis dispensaries are now meeting the needs of patients and adult-use consumers via curbside service only. As such dispensaries have moved to new methods of order taking both via online and via the phone. Medicine Man Technologies has launched a platform to bring together all the Company’s strategic partners offerings to one place.

“Our strategic partners are hard at work ensuring the safety of employees, the patients and adult-use consumers and the communities where they operate,” said Shane Sampson, Chief Marketing and Merchandising Officer. “To support their efforts, we have created an online marketplace platform to bring together our strategic partners’ ordering capabilities, collectively in one place.”

“This technology platform brings consumers another avenue for fulfilling their cannabis needs,” said Nirup Krishnamurthy, Chief Integration and Information Officer. “Medicine Man Technologies platform enables Colorado consumers to find information and updates for the Company’s strategic partners dispensary operations as we all navigate through COVID-19.”

The Company’s dispensary strategic partners include Medicine Man, Starbuds, Colorado Harvest Company, Strawberry Fields, Roots Rx and Mesa Organics. Visit https://www.medicinemantechnologies.com/marketplace/ to learn more about our partners and their cannabis offerings.

For more information about Medicine Man Technologies, please visit www.MedicineManTechnologies.com.

About Medicine Man Technologies

Denver, Colorado-based Medicine Man Technologies (OTCQX:MDCL) is a rapidly growing provider of cannabis consulting services, nutrients, and supplies. The Company’s client portfolio includes active and past clients throughout the cannabis industry in 20 states and seven countries. The Company has entered into agreements to become one of the largest vertically integrated seed-to-sale operators in the global cannabis industry. Current agreements will enable Medicine Man Technologies to offer cultivation, extraction, distribution and retail pharma-grade products. Management includes decades of cannabis experience, a unique combination of first movers in industrial cannabis and proven Fortune 500 corporate executives.

Forward-Looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified. Consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; and (v) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Contacts

Raquel Fuentes

Senior Director, Corporate Communications

303-371-0387

raquel@medicinemantechnologies.com

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