Harvest Health & Recreation

Cannabis firm Harvest Health posts spike in Q4, full-year revenue

Arizona-based Harvest Health & Recreation’s revenue more than doubled during its fourth quarter and fiscal 2018 as the multistate marijuana company continued to expand its retail and wholesale footprint and predicted further expansion this year through acquisitions. Despite the sales gains, the company recorded a net loss for the quarter of $71.1 million – which […]

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Webcast: Behind marijuana firm Harvest Health’s acquisition strategy

Arizona-based Harvest Health & Recreation has dominated recent headlines, primarily a result of its active acquisition strategy to grow into new markets. Last month, Harvest announced a record-breaking purchase of Verano Holdings and, this week, followed with a plan to acquire CannaPharmacy, a vertically integrated marijuana company operating in four Northeastern states. What’s driving Harvest’s […]

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PA regulators allege Harvest Health misrepresented its state marijuana holdings

Pennsylvania regulators are threatening to take away the medical marijuana dispensary licenses of Arizona-based Harvest Health & Recreation for allegedly misrepresenting its cannabis holdings in the state. The issue stems from claims Harvest made earlier this week when announcing the acquisition of CannaPharmacy, The (Philadelphia)  Inquirer reported Thursday. Here’s the crux of the situation: In its […]

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Harvest Health to buy CannaPharmacy, expand cannabis operations

Phoenix-based Harvest Health & Recreation agreed to acquire CannaPharmacy, a vertically integrated marijuana company operating in four Northeastern states. Terms were not disclosed, and a Harvest spokesman confirmed the deal was not material to the company. CannaPharmacy has cultivation, manufacturing and retail operations in Delaware, Maryland, New Jersey and Pennsylvania. “There is tremendous value in […]

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Chart: US-affiliated medical cannabis firms led fundraising on Canadian Securities Exchange in 2018

U.S.-affiliated medical cannabis companies dominated Canadian Securities Exchange (CSE) fundraising in 2018, raising nearly $2 billion through 50 equity-related deals. As of December 2018, 47% of the 124 cannabis-related companies trading on the CSE were based in the United States or had U.S. assets or interests. Cannabis-related companies in the life sciences sector – which […]

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Leading US marijuana firms list shares on Canadian stock exchange

Three top American cannabis firms made their trading debuts on the Canadian Securities Exchange (CSE) this week, continuing the frenzy of U.S.-based marijuana companies turning to Canada’s public markets to raise capital. Here’s a quick rundown of what investors need to know:   Multistate cannabis operator Acreage Holdings listed its shares under the ticker symbol ACRG.U […]

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Acreage, Harvest win medical cannabis dispensary licenses in North Dakota

A couple of large, multistate players won North Dakota’s first medical marijuana dispensary licenses, snagging permits for the state’s two biggest cities as the industry edges closer to launching operations by late this year or early 2019. A state review panel awarded dispensary licenses in: Fargo: The permit went to Acreage North Dakota, which is […]

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Merger creates one of Arizona’s biggest medical marijuana firms

Harvest, a multistate medical marijuana company based in Tempe, Arizona, has merged with Modern Flower of Guadalupe to create what Harvest said is the largest MMJ operator in the state. The deal is the latest in what is expected to be a period of heavy M&A activity in the cannabis industry. The merger with Modern […]

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