fbpx
QQQ
+ 0.00
284.74
+ 0%
DIA
+ 0.00
283.33
+ 0%
SPY
+ 0.00
345.62
+ 0%
TLT
+ 0.00
158.01
+ 0%
GLD
+ 0.00
178.66
+ 0%

Harvest Health, MariMed Each Open New Cannabis Dispensaries

September 21, 2020 1:02 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Vertically integrated cannabis company Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HRVSF) has cut the ribbon on yet another dispensary in Arizona.

The new store – located at 2017 W Peoria Avenue in Phoenix – is the company’s 15th location in The Grand Canyon State.

Steve White, the CEO of the Tempe-headquartered company, said Monday the company is "pleased" to extend its footprint to one of its "core markets."

Last week, Fibonacci Brands confirmed it had bought Harvest Health's Darwin Brands to "execute" its vision; "to reintroduce humanity to cannabis, with integrity, so everyone can 'Enjoy with Confidence,'" stated the company's founder James George.

MariMed Announces Grand Opening Of Third Adult-Use Store In Illinois

Separately, MariMed Inc. (OTCQX:MRMD) also opted to launch another retail location.

The Norwood, Massachusetts-based company obtained approval from the Illinois Department of Financial and Professional Regulation to launch its third adult-use dispensary in the state.

The new store – located at 800 South 45th Street in Mount Vernon – begins operating Monday, Sept. 21., under the Thrive brand. A ceremony is scheduled for Friday, Sept. 25.

MariMed VP of Retail Operations Gorgi Naumovski said the facility in Mt Vernon will create "approximately 25 local jobs" and contribute to MariMed's "increasing revenue in Illinois's lucrative adult-use legal cannabis market."

A fourth retail location for adult-use is in the works, pending all regulatory approvals.

Last week, MariMed obtained approval from the Massachusetts Cannabis Control Commission to sell recreational cannabis in its Middleborough-based dispensary.

Besides the retail license, the company also received cultivation and production licenses for its 70,000-square-foot cannabis manufacturing facility in New Bedford.

Courtesy images

Posted-In:

Cannabis News General

Related Articles

MMA Pro Elias Theodorou Keeps Fighting For Cannabis Rights

Professional MMA fighter Elias Theodorou recently spoke with Benzinga about his efforts to fight the stigma against cannabis use and the uphill battle that comes with it. read more

Precision Extraction Solutions Is On The Hunt For Capital

Precision Extraction Solutions is hoping to raise at least $10 million in venture capital.  That's according to the Troy, Michigan-based company's founder and CTO Nick Tennant. read more

Cannabis Regulatory Update: SD Gov Says 'No' To Legalization, PA Tweaks DUI Law

South Dakota Gov. Urges Against Marijuana Legalization As Election Day nears on Nov. 3, and five states consider some form of cannabis legalization, South Dakota governor Kristi Noem is advocating against marijuana. read more

Organigram Invests In Hyasynth Biologicals, Parts Ways With Executives

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) has invested an additional $2.5 million in a private biotechnology company Hyasynth Biologicals Inc. read more

Cannabis Movers & Shakers: Avicanna, Halo, Blockers BlockChain, Fyllo, Pet Releaf, Indus

Peruse the latest corporate shake-ups in the cannabis industry: Avicanna, Halo Elect Directors At Annual General Meetings of Shareholders read more