Market Overview

Harvest Enterprises Inc. Expands Presence into the World's Largest Regulated Cannabis Market with Strategic Acquisition and New License Awards in California

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Harvest
Enterprises Inc.
, a vertically integrated cannabis company with one
of the largest footprints in the United States and growing at a robust
pace, today announced that it is expanding operations into the world's
largest cannabis market: California. Through strategic acquisition and
successful license applications, the company will soon have operations
in three key California markets: Napa, Merced and Moreno Valley. Harvest
is one of the most experienced cannabis operators and largest license
holders in the U.S. with more than 40 licenses in eight states.

To enter the wine-country hub of Napa, the company acquired a
controlling interest in a dispensary located in the City of Napa, which
will be renamed Harvest of Napa. The company was also awarded a license
for one of eight dispensaries in and by Moreno Valley, located in
populous Riverside County, adjacent to the City of Riverside and near
the university town of Redlands. In a competitive application process,
Harvest was also awarded one of four dispensary licenses in the Central
Valley city of Merced.

"We are very excited to announce that Harvest will be expanding into
California with three new locations - from NorCal to SoCal to the
Central Valley," said Harvest CEO Steve White. "Harvest's expansion into
the most populous state in America and the largest regulated cannabis
market in the world is an important next step in the company's strategic
growth strategy."

Founded in Arizona and in operation since receiving its first license
there in 2012, Harvest has the largest market share in the state -- the
third largest medical cannabis market in the country and one of the
oldest regulated cannabis markets in the world. Building on its success
in Arizona, Harvest has consistently grown its revenues and industry
footprint every year since founding and now operates in seven states
beyond California, with planned expansion into a number of others by
2020. Harvest is actively looking for additional retail and brand
acquisition opportunities in strategic markets to further bolster its
expansion efforts.

A national leader in the cannabis industry, Harvest holds itself to the
most stringent health, safety and quality standards in the industry when
it comes to the growth, production and sale of cannabis medicines, and
products for adult use. Harvest's offerings include cannabis flower and
cannabis oil, along with Dream Steam vaporizer pens which promote the
safe inhalation of medical cannabis. Since Harvest was founded in 2011,
the company has donated more than $500,000 to veterans, seniors,
children, patients-in-need and other charitable recipients.

About Harvest Enterprises Inc.:

Harvest Enterprises 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 and operational 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 250 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 and now has licenses in
eight states, with planned expansion into a number of others by 2020.
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
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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