Harvest Health and Verano Holdings Abandon Cannabis Merger Plans

  • Harvest Health and Verano Holdings Abandon Cannabis Merger Plans
  • (Harvest) and Verano Holdings, LLC (Verano) announced the mutual termination of the Business Combination Agreement dated April 22, 2019 (the BCA).
  • Prolonged obstacles in meeting requirements for state and local regulatory authorities needed to transfer ownership and operational licenses, adverse capital market conditions, a challenging environment for asset sales, all contributed significantly to the decision not to move forward with the pending acquisition.
  • Headquartered in Tempe, Arizona, Harvest Health & Recreation Inc. is a vertically integrated cannabis company and multi-state operator (MSO).

Read full article: newcannabisventures.com