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Companies/Medicine Man Technologies, Inc.
Company profile

Medicine Man Technologies, Inc.

OTC: SHWZ · Healthcare · Drug Manufacturers - Specialty & Generic
PublicHQ Denver, CO · DenverCIK 0001622879Reports USD
#296 of 1,394 Healthcare companies by revenue54th-percentile growth
EA Score
——
FH —DQ 53GM —SS 43
v0.1 · 25/100 weight · pillars only
↑ 3-yr revenue growth, workforce scale · ↓ market scale, growth stability
Methodology →
Revenue TTM
$174.9M
Rev growth YoY (TTM)
+5.5%
Net income (FY)
-$34.5M
Employees
729
Market cap
$802
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$172.4M$172.4M2023
Net income-$34.5M-$34.5M2023
Operating income$3.3M$3.3M2023
Total assets$358.1M$358.1M2023
Liabilities$238.9M$238.9M2023
Equity$119.3M$119.3M2023

Revenue trend

FY2016 – FY2023 · USD
$631.5k
FY16
$3.5M
FY17
$9.4M
FY18
$12.4M
FY19
$24.0M
FY21
$108.4M
FY21
$159.4M
FY22
$172.4M
FY23

Revenue by segment

Filed disclosures · FY2023
By product
Retail90%
Wholesale10%
Other0%
By geography
Wholesale100%
The read

Medicine Man Technologies, Inc. booked $172.4M in FY2023 revenue, growing 8.2% year over year — about the middle of the pack among Healthcare companies we track, at a -20.0% net margin.

Peers · Healthcare
Vasamed, Inc.——Proteonomix, Inc.——PC Group, Inc.——Nutrition Management Services Company——
Neighbors
Denver →
Newmont Corporation$22.7B86AHealthpeak Properties, Inc.$604.0M69BDaVita Inc.$13.6B77B+Ovintiv Inc.$8.7B62CRoyal Gold, Inc.$1.0B81B+Advanced Energy Industries, Inc.$1.8B75B+
Key facts
CEOForrest Hoffmaster
SectorHealthcare
IndustryDrug Manufacturers - Specialty & Generic
HeadquartersDenver, CO
ExchangeOTC: SHWZ
Employees729
IPO date2018-02-16
Latest filings
8-K2025-10-148-K2025-07-188-K2025-05-068-K2025-04-218-K2025-03-138-K2024-12-128-K2024-12-048-K2024-08-13
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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