Harvest Health & Recreation Inc. Announces Stock Option Grant
12,350,250 Options Granted with Exercise Price of CND $10.20 per Share
Harvest Health & Recreation, Inc. (the "Corporation" or "Harvest") (CSE:
HARV,
OTCQX: HRVSF), a vertically integrated public cannabis company announces grants of stock options pursuant to the stock option
plan of the Corporation, whereby the Corporation has granted a total of 12,350,250 stock options to certain officers, directors,
employees or consultants of the Corporation. Each stock option, granted on March 13, 2019, will entitle the holder thereof to
purchase one common share of the Corporation at a price of CND $10.20 per share (subject to adjustment in accordance with the stock
option plan of the Corporation) until March 13, 2029.
ABOUT HARVEST HEALTH & RECREATION, INC.
Harvest Health & Recreation Inc. is one of the first consistently profitable, vertically integrated cannabis companies with
one of the largest footprints in the U.S. Harvest’s complete vertical solution includes industry-leading cultivation,
manufacturing, and retail facilities, construction, real estate, technology, operational, and brand building expertise — leveraging
in-house legal, HR and marketing teams, along with proven experts in writing and winning state-based applications. The company has
more than 680 employees with proven experience, expertise and knowledge of in-house best practices that are drawn upon whenever
Harvest enters new markets. Harvest’s executive team is comprised of leaders in finance, compliance, real estate and operations.
Since its founding in 2011, Harvest has grown its footprint every year, has been ranked as the third largest cultivator in the U.S.
and currently owns licenses for more than 140 facilities across the U.S. Harvest shares timely updates and releases as part of its
regular course of business with the media and the interested public. For more information, visit: https://www.harvestinc.com/.
FORWARD-LOOKING STATEMENTS
This press release contains statements which constitute "forward-looking information" within the meaning of applicable
securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Harvest with respect to
future business activities. Forward- looking information is often identified by the words "may," "would," "could," "should,"
"will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions and include information regarding:
(i) expectations regarding the size of the U.S. cannabis market, (ii) the ability of the Company to successfully achieve its
business objectives, (iii) plans for expansion of Harvest, and (iv) expectations for other economic, business, and/or competitive
factors.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflects Harvest
management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and
estimates of management considered reasonable at the date the statements are made. Although Harvest believes that the expectations
reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance
should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future
results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially
from those projected in the forward-looking information are the following: the potential impact of an announcement of a going
public transaction on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in
general economic, business and political conditions, including changes in the financial markets; and in particular in the ability
of the Company to raise debt and equity capital in the amounts and at the costs that it expects; adverse changes in the public
perception of cannabis; decreases in the prevailing prices for cannabis and cannabis products in the markets that the Company
operates in; adverse changes in applicable laws; or adverse changes in the application or enforcement of current laws, including
those related to taxation; the inability to locate and acquire suitable companies, properties and assets necessary to execute on
the Company's business plans; and increasing costs of compliance with extensive government regulation. This forward-looking
information may be affected by risks and uncertainties in the business of Harvest and market conditions.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking
information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated,
believed, estimated or expected. Although Harvest has attempted to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended.
Harvest does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise
required by applicable law.
Alex Howe
202-271-7997
Powerplant Strategies
alex@powerplantstrategies.com
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