Continuing a campaign of multi-state expansion across the United States, Arizona-based Harvest Health & Recreation, Inc. (CSE: HARV; OTCQX: HRVSF) is adding a new location and grow facility in the company’s home state.
Bumping up its current roster of 13 facilities in Arizona, with another six still pending acquisition, Harvest just announced it will acquire the Phoenix-based Urban Greenhouse.
In addition to netting a new greenhouse production site, the existing Urban Greenhouse dispensary location will undergo a re-branding under Harvest’s House of Cannabis title.
Discussing the terms of the cash and stock deal acquisition deal, Harvest Health & Recreation’s executive chairman Jason Vedadi commented:
Harvest has been on an acquisition spree in the state in recent months, opening a medical dispensary in Glendale, acquiring the rights to a site in Casa Grande, and snapping up six licenses from Devine Hunter, Inc.
Aside from the company’s home base in Arizona, Harvest currently operates dispensary locations in California, Florida, Maryland, North Dakota, and Pennsylvania.
Earlier this week Harvest additionally announced plans to expand into the medical marijuana market in Utah, beating out dozens of other companies and joining a roster of only eight cultivars to be granted access to the new program.
On Monday, notices were sent to those eight cultivars selected during a rigorous application process through Utah’s Department of Agriculture and Food, which is overseeing the recently legalized medical market.
An additional two cannabis growers are expected to be added to the initial roster of eight in the coming year as the fledgling Utah medical program gets up and running.
Aside from medical cannabis sales in the previously mentioned states and the new Utah expansion, Harvest inked a deal last month with the Asian American Trade Associations Council to distribute hemp-based CBD products through thousands of convenience stores.