It grows…and it eats you alive.”
That’s how the narrator of the trailer for the 1958 horror movie The Blob described an alien life form that engulfs everything it touches, but he might as well have been talking about Medicine Man Technologies. The Denver-based business conglomerate announced another acquisition this week, the fifth marijuana company that Medicine Man Technologies has agreed to purchase over the last three months.
On August 12, Medicine Man Technologies announced plans to acquire Dabble Extracts, a Colorado Springs marijuana extraction company. According to the terms, the publicly-held Medicine Man Technologies will pay $3.75 million for Dabble: $750,000 in cash and $3 million worth of Medicine Man Technologies stock holdings.