Schwazze finalizes deal to reorganize its balance sheet and asset portfolio.

Restructuring Support Agreement: Medicine Man Technologies, Inc. (Schwazze) has entered into a Restructuring Support Agreement with Vireo Growth, aiming to restructure its operations and capital structure through asset sales and liquidation of remaining operations.

Asset Sale and NewCo Formation: The plan includes selling a majority of the company's assets to a newly-formed entity, NewCo, which will be majority-owned by Vireo, allowing for a continuation of business with reduced debt and improved liquidity.

Financing for NewCo: NewCo is set to receive approximately $62 million in financing to refinance existing seller notes, cover transaction expenses, and provide working capital.

Wind Down of Remaining Assets: Any assets not sold in the asset sale will be liquidated, with remaining liabilities and equity interests receiving net proceeds from the wind down according to legal priorities.