Harvest Health & Recreation

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

Published April 23, 2019 | By Lisa Bernard-Kuhn

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 […]

Webcast: Behind marijuana firm Harvest Health’s acquisition strategy

Published April 12, 2019

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 […]

PA regulators allege Harvest Health misrepresented its state marijuana holdings

Published April 11, 2019

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 […]

Harvest Health to buy CannaPharmacy, expand cannabis operations

Published April 10, 2019

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 […]

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

Published January 28, 2019 | By Maggie Cowee

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 […]

Weekly Deal Watch: Need for scale fuels US cannabis consolidation

Published November 28, 2018

Marijuana firms are looking at unique deals and new markets to build scale and raise funds for future growth.

Weekly Deal Watch: Cannabis capital continues to bloom, with YTD total more than fives times larger than a year ago

Published November 21, 2018

Through Nov. 16, cannabis firms across North America have raised $13.1 billion. That’s more than five times the amount raised during the same period in 2017.

Leading US marijuana firms list shares on Canadian stock exchange

Published November 16, 2018 | By Lisa Bernard-Kuhn

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 […]

Acreage, Harvest win medical cannabis dispensary licenses in North Dakota

Published September 25, 2018

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 […]

Merger creates one of Arizona’s biggest medical marijuana firms

Published July 11, 2017

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 […]