Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Vertically integrated cannabis company Harvest Health & Recreation Inc. (CSE:HARV, OTCQX: , HRVSF)) sold its cultivation and processing assets in Utah and opened a new medical dispensary in South Miami Beach, Florida.
Divestiture Of Utah Operations
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The Tempe, Arizona-based company no longer holds any operations in Utah, following the sale of its assets to a local operator for “an immaterial amount of cash.”
"We are pleased to have completed this divestiture as part of our strategic plan," Harvest CEO Steve White said. "We will continue to allocate resources to growth opportunities in our core markets."
New Miami Dispensary
Harvest’s eleventh medical cannabis dispensary in Florida, located at 1011 5th St, South Miami Beach, is open Monday through Saturday from 9:00 am to 8:00 pm and Sunday from 10:00 am to 7:00 pm. Harvest's other Florida dispensaries are based in Gainesville, Jacksonville, Kissimmee, Lehigh Acres, Longwood, North Miami Beach, North Port, Olympia Heights, Tallahassee and West Palm Beach.
Buy at this blue line for a shot at trading profitably
There are so many indicators out there on when to buy and sell. Nic uses none. He looks at a chart and buys when a stock “pushes” off this blue line. What blue line? Find out on the next page. It’ll change how you make money from stocks. Click here for the details.
"We are thrilled to open our eleventh Harvest location in Florida, one of the fastest-growing medical markets in the U.S." White said. "We look forward to serving patients and providing quality products at this new location in one of our core markets."
Recent Important Milestones
In May, Harvest confirmed it will be acquired by Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) for roughly $2.1 billion.
Under the terms of the agreement, Harvest shareholders will obtain 0.1170 of subordinate voting shares of Trulieve for each Harvest share priced at $4.79. Once the deal is closed, Harvest shareholders will own roughly 26.7% of Trulieve's issued and outstanding pro forma shares (on a fully diluted basis).
The merger will result in a company with activities in 11 states, a total growing and processing capacity of 3.1 million sq. ft. across 22 facilities and 126 retails stores. The companies are getting closer to closing the deal.
Price Action
Harvest’s shares were trading 1.77% lower at $3.89 per share at the time of writing Thursday morning.
Photo: Courtesy of Harvest Health
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.