Harvest Health & Recreation Inc (Sub Voting) HRVSF

RE:Harvest Health Sues Falcon, Requests Termination of Merger

[retiredcf]

Harvest Health & Recreation Inc. (HARV-C) dipped 3.8 per cent after it announced it has filed a suit against Falcon International, Inc. "requesting termination and rescission of the merger agreement and return of money Harvest paid to Falcon under the merger agreement." 

The complaint was filed in U.S. Federal Court, District of Arizona. "Harvest alleges that Falcon has failed to meet its legal obligations in multiple ways, including the failure to provide auditable financial records, which precludes Harvest from moving forward with the transaction," the company stated in a release.