Market Overview

Harvest Health Will No Longer Pursue 2 Affiliate Companies In Pennsylvania

Share:
Read more about our latest Cannabis News! CANNABIS HOME

The dispute between Harvest Health & Recreation, Inc. (CSE:HARV)(OTC: HRVSF) and the state of Pennsylvania over licensing has reached an agreement, with Harvest no longer pursuing two affiliate companies, Harvest of Northwest PA, LLC and Harvest of North Central PA, LLC.

The agreement ends a contentious battle between the MSO and the state. Harvest has recently faced licensing issues in Ohio as well.

Harvest dropping its two LLCs results in two already constructed facilities in New Castle and Shamokin not moving forward. Eighteen employees will be affected by the agreement, according to the company.

The company will now focus on its five remaining licenses in Pennsylvania, allowing Harvest to open a maximum of 15 dispensaries.

In a press release, the company stated that, "Each Harvest affiliate strongly believes that state regulatory frameworks are essential to the success of the industry and are committed to operating within the bounds of the many cannabis policies across states."

Harvest will now focus its effort in Pennsylvania on dispensaries in Harrisburg, Johnstown, Reading and Scranton.

Related Links:

'The Next Evolution Of Cannabis Financing': Inside Harvest Health & Rec's $225-Million Loan

Harvest Health CEO Discusses The Company's 'Head Start' In CBD

Read more about our latest Cannabis News! CANNABIS HOME

Posted-In: Cannabis News Health Care Markets General

 

Related Articles (HRVSF)

View Comments and Join the Discussion!

Cannabis Movers

Sign up for our secret cannabis newsletter!
Never miss out on the breaking news in the Cannabis Industry!

Pro: Federal Reserve Will Need To 'Explain Themselves To The History Books'

Cannabis CEOs See Holistic Branding As Key To Consumer Experience