Medicine Man Technologies (OTC: MDCL) Fast Growing Revenues & Profits in Marijuana “Picks & Shovels”

 

 

 

Andy Williams, CEO, Medicine Man Technologies

 

 

 

 

 

 

 

 

Note: This interview published December 7, 2018. Please see updated interview January 24, 2019 here

Medicine Man Technologies (OTC: MDCL) CEO Interview with Andy Williams, co-founder, and CEO. Andy explains what has been driving continued revenue and profitability growth, in this vertically integrated marijuana “picks and shovels” player, which offers consulting services to growers, as well as product sales. 

The company’s is growing revenues at a rapid pace: For the 9 months, ending 9/30/2018, total income increased to $9,917,476 (compared to total income of $2,585,479 in same period 2017).

Net income increased dramatically to $5,157,717 or $0.19 per share, compared to losses of ($4,868,859) or ($0.22) for the same 9 month period ending September 30, 2017.

Andy, also talks about plans for growth in 2019 and beyond, which include, expanding into marijuana cultivation, and capitalizing on M&A opportunities as the industry consolidates. 

 

 

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