Why Do Schwazze’s Deals Keep Collapsing?
Schwazze Chairman and CEO Justin Dye
After 11 years running Canyon Cultivation, a Colorado edibles maker, the married owners Morgan and Andrew Iwersen were excited to sell the company and move on to the next chapter in their lives. They had a letter of intent from Schwazze, a company which aspires to be a leading vertically integrated operator, to acquire their company for $5.1M, Andrew said, but the expiry date of September 7, 2020 passed without hearing from the buyer.
“Negotiations stopped,” Iwersen told WeedWeek in . . .
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