Harvest Health & Recreation (OTC:HRVSF) has closed the books on its latest acquisition. The company announced on Monday that its merger with privately held Interurban Capital Group was completed the previous Friday. The closing of the deal gives Harvest control of the Have a Heart chain of dispensaries. Last week Harvest, in announcing that the sale was moving forward, said it was to pay $85.8 million in cash and stock for its new asset. That price includes just over $19.1 million in debt assumption. Have a Heart currently operates 10 active recreational and medical cannabis dispensaries. Five are located in Washington state, three are situated in California, and Iowa is home to two. Harvest said the acquisition gives it another seven “potential retail licenses” in California; it is not immediately clear when these sites will be licensed and/or open for business.
Read the full article: Harvest Health & Recreation Closes Its Acquisition of Have a Heart Dispensaries //
Source: https://www.fool.com/investing/2020/03/16/harvest-health-recreation-closes-its-acquisition-o.aspx