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Jacksonville, North Port and Longwood Stores join two existing
dispensaries open to patients, add to national cannabis operator’s
leading footprint.
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Flower products now available at all Florida locations, join
tinctures, vapes and capsules with pre-rolls coming soon.
Harvest
Health & Recreation, Inc. (CSE:
HARV, OTCQX:
HRVSF) (“Harvest”), a vertically integrated cannabis company with
one of the largest and deepest footprints in the U.S., announced the
opening of its third, fourth and fifth Florida medical marijuana
dispensaries. Harvest holds licenses in Florida for up to 35 medical
dispensaries, one cultivation facility, one manufacturing facility, and
has operational dispensaries in the Orlando and Tallahassee markets.
Nationwide, pending finalization of recent acquisitions, Harvest will
have rights to operate more than 210 facilities in 17 states and
territories across the country.
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Harvest's North Port Location. (Photo: Business Wire)
The latest Florida openings are Harvest of Jacksonville, located at
10095 Beach Blvd., Suite 450; Harvest of North Port, located at 7050
Sumter Crossing Dr.; and Harvest of Longwood, located at 182 W State
Road 434, #1016. Harvest’s new retail locations are open Monday through
Sunday from 9 a.m. ET to 6 p.m. ET and will initially offer a wide range
of products, including flower strains, vape pens, and capsules
formulated with CBN and Delta 8, and expect to add more in the coming
weeks. Harvest’s highly trained staff will also be onsite to answer
questions about personalized medical cannabis treatments and products to
help manage patients’ qualifying conditions.
“Florida is the third largest state in the country in terms of
population and a crucial state for Harvest as we look to extend our
depth across the East Coast, as we have done in the West,” said
Executive Chairman, Jason Vedadi. “The explosive growth in Florida’s
medical marijuana program over such a short time is incredibly exciting
to us, and we’re committed to giving patients and caregivers access to
the highest quality products and experience in the cannabis industry. We
look forward to opening many more of our award-winning dispensaries
across Florida.”
The three stores join two existing Harvest House of Cannabis
dispensaries already open in Kissimmee and Tallahassee. Florida is one
of the most highly sought-after markets for cannabis operators. The
state currently has registered more than 209,000 medical marijuana
patients as of December 2018 and more than 2,000 doctors, a 60 percent
increase over the last six months. Most recently, Senate Bill 182, which
amended Florida’s medical marijuana program, was signed into law on
March 18th, 2019, allowing smokable forms of cannabis. A Florida state
senator recently put forth a resolution in Tallahassee to legalize
recreational cannabis use for all residents. The measure, if approved,
would go to voters in 2020 without the need for the petition effort.
About Harvest Health & Recreation, Inc.
Headquartered in Tempe, Arizona, Harvest Health & Recreation, Inc. is
a multi-state cannabis operator (MSO) and vertically-integrated
cannabis company. Subject to completion of announced
acquisitions, Harvest will have the largest footprint in the U.S., with
rights to more than 210 facilities, of which approximately 140 are
retail locations, and more than 1,580 employees across 17 states. Since
2011, the company has been committed to aggressively expanding its
Harvest House of Cannabis retail and wholesale presence throughout the
U.S., acquiring, creating and growing leading brands for patients and
consumers nationally and continuing on a path of profitable
growth. Harvest’s mission is to improve lives through the goodness of
cannabis and is focused on its vision to become the most valuable
cannabis company in the world. We hope you’ll join us on our journey:
https://harvestinc.com.
Facebook: @HarvestHOC
Instagram: @HarvestHOC
Twitter: @HarvestHOC
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
combined 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.
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