Harvest Health Expands into Florida Cannabis Market

Harvest Health Expands into Florida Cannabis Market

Harvest Health & Recreation, Inc. (OTC: HTHHF), a large vertically integrated cannabis company, jumped into the Florida medical marijuana market with its $65 million purchase of San Felasco Nurseries, Inc. The deal expands Harvest’s market reach, giving it more than 40 medical marijuana licenses in 10 states. San Felasco’s license allows it to produce and dispense medical marijuana products and operate as a Medical Marijuana Treatment Center. Each center can operate up to 25 dispensaries. The price is comprised of $34 million in cash, $29.65 million in multiple voting stock, valued at $390 per share, and $1.96 million in assumption of debt. Harvest’s move follows MedMen... Read More »