Medicine Man Technologies, Inc., operating as Schwazze, (OTC:SHWZ) (Cboe CA:SHWZ) disclosed its financial and operational results Tuesday for the second quarter that ended June 30, 2024. The Denver, Colorado-based cannabis company reported quarterly revenue of $43.24 million, which compares to $42.38 million in the same period last year. "We made solid progress on our growth and optimization initiatives in Q2 and generated sequential quarterly growth across all key financial metrics while advancing our retail strategy," stated Forrest Hoffmaster, interim CEO of Schwazze. "During the quarter, we continued to deepen our customer understanding, sharpen our pricing and promotional strategy, enhance the in-store experience, and improve our assortment and in-stock positions. These efforts drove increased store traffic and market share expansion in both Colorado and New Mexico. In our wholesale business, we generated our second consecutive period of quarter-over-quarter growth in both states with penetration growth and catalog expansion while improving wholesale margins." Read Also: Out Of Pocket: Which U.S. Cannabis Company Owes The Most Money In 2024? Q2 Financial Highlights Gross profit was $19.04 million, compared to $23.04 million in the same period ...