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Scientists search for marijuana’s holy grail — consistent highs

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By Dennis Romero “No one ever knows what they’re getting, and it’s a huge problem,” one scientist said. WEST HOLLYWOOD, Calif. — Holiday shopping was in full swing Friday at a boutique on Santa Monica Boulevard, where an automatic sliding door welcomed browsers off the street. Inside the well-lit shop decorated with Christmas wreaths, glass cabinets filled with elixirs, herbal pills and pen-size vaporizers beckoned. The dark wood floors and brand-name displays could have come out of a Sephora cosmetics store. Shoppers have to look past gleaming jars and fancy boxes to find what brought them here — old school marijuana...
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Rolling with medical marijuana – The Osceola News-Gazette

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After progress had stalled for months, three medical marijuana dispensaries approved this year for Osceola County may finally open their doors by January. The announcement comes less than two weeks after San Felasco Nurseries – the company green-lighted nine months ago by Osceola County commissioners – was bought by a national industry­leader called Harvest Heath & Recreation, Inc. for more than $60 million. With the acquisition complete, Harvest officials say they want to move forward in Kissimmee. And when they do, one of most profitable players in medical marijuana will have exclusive access to Osceola County, thanks to a decision...
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Harvest Health & Recreation, Inc. Reports Third Quarter 2018 Financial and Operation Results

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Total revenue for the three and nine months ended September 30, 2018 increased 62% and 92%, respectively from prior year. Total revenue for Q3 2018 increased 6% compared to Q2 2018. The Company continues to operate profitably; Adjusted EBITDA for the nine months ended September 30, 2018 was $7.6 million (all dollars are in U.S. dollars, except where noted). In 2018, successfully raised almost $290 million of funds, as follows: approximately $50 million in convertible debentures, approximately $20 million in senior debt, and approximately $218 million in a brokered private placement. December 03, 2018 08:00 AM Eastern Standard Time PHOENIX–(BUSINESS...
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These new medical marijuana dispensaries may open in Osceola County by January

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Rachel Christian | Staff Writer Three medical marijuana dispensaries approved for Kissimmee earlier this year may finally open their doors by January. The announcement comes less than two weeks after San Felasco Nurseries – the company green-lighted nine months ago by Osceola County Commissioners – was bought by a national industry-leader called Harvest Heath & Recreation, Inc. for more than $60 million. With the acquisition complete, Harvest officials say they want to move forward in Kissimmee. And when they do, one of the most profitable players in medical marijuana will have exclusive access to Osceola County, thanks to a decision...
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Harvest Health & Recreation Inc. Announces Chief Financial Officer

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Leo Jaschke Joins Executive Team on Heels of Company’s Public Listing PHOENIX–(BUSINESS WIRE)–Harvest Health & Recreation Inc. (CSE: HARV), a public vertically integrated cannabis company with permits and licenses in 11 U.S. states, announced the appointment of Leo Jaschke as the chief financial officer (CFO), effective immediately. Jaschke will be a key member of the executive team, reporting to Harvest Health & Recreation Inc. (Harvest) Chief Executive Officer (CEO) Steve White. .@HarvestofAZ announced the appointment of Leo Jaschke as CFO. $HARV.C CEO Steve White: “We are excited to have Leo with us as we take important next steps as a public...
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Panel reports growth in Maryland’s medical cannabis industry

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By Mike Lewis mlewis@herald-mail.com On average, more than 300 Marylanders a day apply to be medical marijuana patients, according to the program’s leader. “Every Monday, we come in to 1,000 new applications. … People have really started to take notice of the cannabis program in Maryland,” Joy Strand, executive director of the Maryland Medical Cannabis Commission, said Monday during a program at Hagerstown Community College. In other states with medical marijuana programs, 2 to 4 percent of the population has wound up being certified as medical marijuana patients, she said. She estimates similar results for Maryland. “We expect about 200,000...
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Medical marijuana takes root in part of Tri-State

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By Mike Lewis Medical marijuana businesses are growing in part of the Tri-State region. Companies in Maryland and Pennsylvania report increasing business under the recently enacted medical cannabis procedures in those states. Meanwhile, in West Virginia, a medical marijuana law is on the books, but it has yet to be implemented. Some cannabis-related companies with ties to the region are growing in other ways, too. For example, Arizona-based Harvest Inc. runs medical cannabis operations in nine states, including a cannabis-growing facility in Hancock. Earlier this month the company was listed and began trading on the Canadian Securities Exchange under the...
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Harvest Health & Recreation, Inc. Acquires San Felasco Nurseries, Inc. with Cannabis Super License in Florida Allowing up to 25 Dispensaries

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Acquisition to Bring Harvest’s Award-Winning Retail, Operations and Products to Florida, Adding to Footprint Across 10 States PHOENIX & GAINESVILLE, Fla., November 21, 2018–(BUSINESS WIRE)–Harvest Health & Recreation, Inc. (“Harvest”), a vertically integrated cannabis company with one of the largest footprints in the United States, today completed the purchase of its previously announced plans to acquire 100 percent of the issued and outstanding common stock of San Felasco Nurseries, Inc. (“San Felasco”), a holder of a medical marijuana dispensary license and authorization to operate as a Medical Marijuana Treatment Center in the state of Florida that can produce, process and dispense...
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Weekly Deal Watch: Cannabis capital continues to bloom, with YTD total more than fives times larger than a year ago

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This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is for the weeks ended Nov. 9 and  Nov. 16. Among this week’s top highlights: Through Nov. 16, cannabis companies across North America have raised $13.1 billion. That’s more than five times the amount raised during the same period in 2017.   Capital raise takeaways from the past two weeks: U.S.-based multistate operators continue to ink massive raises as they turn to...
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Leading US marijuana firms list shares on Canadian stock exchange

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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 after the closing of its reverse takeover (RTO) of Toronto-based Applied Inventions Management. New York-based Acreage, valued at more than $2 billion, raised $314 million ahead of its trading debut. The company grabbed headlines earlier this year when it appointed former House Speaker John Boehner to its...
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Steven White Acquires Super Voting and Multiple Voting Shares of Harvest Health & Recreation Inc.

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VANCOUVER, British Columbia–(BUSINESS WIRE)–On November 14, 2018, Harvest Health & Recreation Inc. (formerly, RockBridge Resources Inc., the “Issuer”), located at 627 S 48th St, Ste 100, Tempe, AZ 85281, and Harvest Enterprises Inc. (“VCP”) completed its previously announced business combination (the “Business Combination”), to create a U.S. based cannabis cultivator, processor and dispensary operator. Steven White (the “Acquiror”), CEO of the Issuer, located at 627 S 48th St, Ste 100, Tempe, AZ 85281, announced today that in connection with the Business Combination, the Acquiror, together with his joint actors, acquired beneficial ownership or control or direction over 2,000,000 Super Voting...
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Harvest Health & Recreation Inc. Acquires CBx Enterprises

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Partnership to Bring Award-Winning Products from Evolab and CBx Sciences to Harvest Stores across Eight States and One of Largest Footprints in the World. DENVER & PHOENIX–(BUSINESS WIRE)–Harvest Health & Recreation Inc. (CSE:HARV), a vertically integrated cannabis company with one of the largest footprints in the United States, announced the acquisition of CBx Enterprises (“CBx”), whose technology is utilized by Evolab, CBx Sciences and CBx Essentials. Harvest Health & Recreation Inc. (“Harvest”) now holds exclusive national rights to CBx’s intellectual property, including all technology, methodologies, trademarks and formulations. “CBx has established itself as the dominant leader in cannabis product development,...
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State picks medical marijuana dispensary for Williston

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The company picked to run a medical marijuana dispensary in Williston has dispensary operations around the nation. The North Dakota Department of Health’s Division of Medical Marijuana announced Thursday that it had picked HOFW LLC (Harvest of Williston) to move forward with the registration process in Williston. Harvest of Williston is owned by Harvest Inc., a medical marijuana consulting business that operates dispensaries in several states. We-Mend LLC, operating as Strive Life, was picked for Grand Forks. The selections followed the announcement in September that HOFB LLC (Harvest of Bismarck) was picked for the Bismarck/Mandan region while Acreage North Dakota...
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Harvest Health & Recreation (CSE:HARV) New Listing

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Video Transcript: I’m Samantha Deutscher for Investmentpitch Media Harvest Health & Recreation is the latest new listing on the Canadian Securities Exchange, trading under the symbol “HARV”, having previously traded on the TSX Venture Exchange as RockBridge Resources, prior to a reverse takeover. Harvest owns, operates and develops businesses related to the cultivation, processing, distribution and sale of cannabis and cannabis related products under the “Harvest” brand. Founded in Arizona in 2011 and receiving its first license there in 2012, Harvest has the largest market share in the state – the third largest medical cannabis market in the country and...
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Harvest Enterprises Completes Reverse Takeover

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William Sumner November 14, 2018 Harvest Enterprises Inc. announced that it has closed its reverse takeover (RTO) of RockBridge Resources Inc., which will now be known as Harvest Health & Recreation Inc. Harvest Enterprises is just the latest in a growing number of cannabis companies going public in Canada through a reverse takeover. Most recently, Cresco Labs LLC went public on the Canadian Securities Exchange (CSE) through an RTO of Vancouver-based Randsburg International Gold Corp., and Acreage Holdings, one of the largest vertically integrated cannabis companies in the U.S., has also announced plans to go public through an RTO. As...
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Harvest Health & Recreation Inc. Announces Completion of its Business Combination

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Harvest Health & Recreation Inc. Announces Completion of its Business Combination PHOENIX, AZ and TORONTO, ON – November 14th, 2018 – Harvest Health & Recreation Inc. (the “Company”), formerly RockBridge Resources Inc. (“RockBridge”), is pleased to announce that it has completed its previously announced business combination (the “Business Combination”) with Harvest Enterprises Inc. (“Harvest”).  In connection with the Business Combination, on November 13, 2018, an affiliate of Harvest, HVST Finco (Canada) Inc. (“Harvest Finco Canada”) completed a brokered private placement offering of subscription receipts for aggregate gross proceeds in the amount of US$218,149,676 (the “Offering”). The Offering was co-led by...
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Jason Vedadi Acquires Super Voting and Multiple Voting Shares of Harvest Health & Recreation Inc.

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VANCOUVER, British Columbia–(BUSINESS WIRE)–Nov 14, 2018–On November 14, 2018, Harvest Health & Recreation Inc. (formerly, RockBridge Resources Inc., the “ Issuer ”), located at 627 S 48th St, Ste 100, Tempe, AZ 85281, and Harvest Enterprises Inc. (“ VCP ”) completed its previously announced business combination (the “ Business Combination ”), to create a U.S. based cannabis cultivator, processor and dispensary operator. Jason Vedadi (the “ Acquiror ”), Chairman of the Issuer, located at 627 S 48th St, Ste 100, Tempe, AZ 85281, announced today that in connection with the Business Combination, the Acquiror, together with his joint actors, acquired...
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U.S. pot firm Harvest eyes listing at $1.5 billion valuation: sources

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TORONTO (Reuters) – U.S. cannabis retailer Harvest Enterprises Inc is set to raise $230 million (C$303 million) in a deal that would value the company at about $1.5 billion when it goes public in Toronto as early as next week, people familiar with the situation told Reuters on Thursday. The Tempe, Arizona-based company had initially targeted $50 million through the offer, but increased the deal value to $230 million in response to strong demand, the people said. The offer, which is set to be priced at $6.55 per subscription receipt, is expected to close as early as this week. A...
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US cannabis growers raise $ 1.2 billion in Canada

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By Pierre Couture Three major US cannabis producers have raised more than $ 1.2 billion in Canada to fund their operations. In the past week, Massachusetts Curaleaf producers, Acreage Holding of New York and Harvest Enterprises of Arizona have entered into financing agreements to eventually enter the Canadian stock market. “Forced” to come to Canada Producer Curaleaf agreed on a C $ 520 million private placement, while Acreage Holding received CA $ 459 million and Harvest Entreprises CA $ 262 million. Curaleaf shares were introduced Monday on the Canadian Securities Exchange (CSE). Many US cannabis growers say they are “forced”...
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Despite delays, Arkansas medical cannabis cultivator on track to be growing by early 2019

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A representative for one of five companies awarded licenses to grow for Arkansas’ fledgling medical marijuana industry says the business will be ready to start cultivating and supplying the product early next year. Oklahoma businessman Ben Kimbro, a Tulsa City Council member, is director of public affairs for Harvest Inc., a national medical cannabis operator based in Arizona. Harvest holds medical cannabis licenses in seven states. The company’s CEO, Steven White, has a small ownership stake in Natural State Wellness Enterprises, one of five Arkansas companies to be awarded a cultivation license. Other license holders are Natural State Medicinals Cultivation,...
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Harvest, Experienced and Trusted Multi-State Cannabis Company, Opens First Medical Marijuana Dispensary in Berks County, Pennsylvania

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READING, Pa.–(BUSINESS WIRE)–Harvest Enterprises Inc. (Harvest), a vertically integrated cannabis company with one of the largest footprints in the U.S., announced it received approval from the Pennsylvania Department of Health to open the first medical marijuana dispensary in Berks County, Pennsylvania. On October 4 at 12:00 p.m., Harvest began servicing Pennsylvania medical marijuana patients at 3225 N 5th Street Highway Suite 1, Reading, Pennsylvania, 19605. “With the opening of our Reading dispensary, patients and caregivers will no longer have to drive an hour or more to reach a dispensary,” said Steve White, founder and CEO of Harvest. “Our experienced staff and...
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Sowing Success: Harvest of Arizona Aims to Be the Largest U.S. Cannabis Company

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A few years ago, Steve White was risking his money and his freedom in a new and barely legal industry. “You have to remember the context in which we opened our business here in 2013,” said White, an Arizona attorney and the CEO of Harvest of Arizona. “You had a local prosecutor promising if we opened our doors we’d go to jail.” The chain of medical marijuana companies he and two partners started is now on track to become the country’s largest cannabis company. How did he do it? The old-fashioned way — by selecting solid partners, making strategic investments,...
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Harvest Enterprises Inc. Expands Presence into the World’s Largest Regulated Cannabis Market with Strategic Acquisition and New License Awards in California

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PHOENIX–(BUSINESS WIRE)–Harvest Enterprises Inc., a vertically integrated cannabis company with one of the largest footprints in the United States and growing at a robust pace, today announced that it is expanding operations into the world’s largest cannabis market: California. Through strategic acquisition and successful license applications, the company will soon have operations in three key California markets: Napa, Merced and Moreno Valley. Harvest is one of the most experienced cannabis operators and largest license holders in the U.S. with more than 40 licenses in eight states. To enter the wine-country hub of Napa, the company acquired a controlling interest in...
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Harvest gets OK for medical marijuana dispensary in Muhlenberg Township

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One of the two companies looking to bring a medical marijuana dispensary to the Fifth Street Highway can move ahead with its project. On Monday, Harvest received conditional-use approval for its plan for a medical marijuana dispensary at 2701 North Fifth Street Highway, the site of Jack O’Reilly Tuxedos. The township commissioners approved the Arizona-based company’s plan by a 4-0 vote. President

Scottsdale Medical Marijuana Dispensary Opening Its Doors

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Just weeks away from putting the issue of recreational marijuana use in front of Arizona voters, Scottsdale is opening up its newest medical marijuana dispensary. Located near Hayden Road and Frank Lloyd Wright Boulevard, Harvest of Scottsdale opened its doors Sunday evening, but not just to medical marijuana patients. “There are a lot of stereotypes about medical marijuana dispensaries, and we think most of those are unfair, ” Harvest CEO Steve White said. “So this is an opportunity to invite people and show people what things are really like—then they can make their own decisions.” For Phoenix mother Michelle Kalinski,...
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Medical marijuana dispensary ‘Harvest’ opening second Valley location in Scottsdale

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A former Scottsdale bank got a million dollar makeover. But it won’t be dispensing cash to customers. Instead, medical marijuana. Harvest Scottsdale opens to the public Wednesday. The 6,800-square foot medical cannabis dispensary on Hayden Road near Frank Lloyd Wright Blvd. is the second Harvest location in the Valley, the other is in Tempe. The facility has patient advisors and a doctor with office hours to educate patients. “There will be an open house. People with or without patient cards can come to the facility, tour it and hopefully leave with an appreciation for what the medical cannabis community is...
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Medical Marijuana Nevada’s Growing Business

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Longtime Las Vegas businessman Andrew Jolley had a successful career in real estate and, by his own account, was never interested with experimenting with drugs such as marijuana. Fast-forward to 2016, and Jolley is running a pretty elaborate—and legal— medical marijuana dispensary, cultivation and dispensary operation. Just how did this real estate entrepreneur turn into a marijuana mogul, of sorts? As Jolley explains, the process began in 2001, when he lost a lifelong friend to an accidental death from prescription drugs at age 27. “He was misprescribed a very powerful prescription drug. He took half of the recommended prescribed dose,...
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Western Maryland town poised to get into medical marijuana business

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The small Western Maryland town of Hancock — population 1,545 — is poised to be a part-owner of a medical marijuana company after winning a license to grow cannabis plants this week. The town is in a unique partnership with an Arizona company that plans to grow cannabis in a town-owned warehouse and share profits with the Washington County town. After Hancock suffered an exodus of about 1,000 jobs over the past two decades, the cannabis industry could spark an economic turnaround for the town and surrounding communities, said Mayor Daniel Murphy. “I’ve embraced it, our town has embraced it,”...
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