Harvest Health & Recreation Inc Acquires Arizona Cannabis Company, Arizona Natural Selections
Harvest Health & Recreation Inc, a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., today announced the acquisition of Arizona Natural Selections, including the company's four vertical medical licenses in Arizona for a non-material undisclosed amount of stock.
With this acquisition Harvest owns and operates 14 medical dispensaries, four cultivation facilities, and three processing facilities in its home state of Arizona, a total of 15 vertical licenses. On a pro forma basis, including pending acquisitions, Harvest has a total of 22 vertical licenses in Arizona.
The four licenses acquired through the agreement include retail locations: Green Desert Patient Center of Peoria, Inc., Green Sky Patient Center of Scottsdale North, Inc., The Giving Tree Wellness Center of Mesa, Inc. and a fourth location to be opened, each of which currently conducts business under the retail brand name Arizona Natural Selections.
The acquisition will provide Harvest with two operational cultivation facilities: a 55,000 sq. ft. indoor cultivation and production facility in Phoenix and a 322-acre site of which 25 acres are zoned for cannabis with 70,000 square feet of greenhouse in Willcox. The acquisition includes the Darwin line of precision-dosed cannabis products.
"We are excited to further deepen our operations in our home state of Arizona expanding our cultivation, processing, and retail operations"Harvest CEO Steve White.
"We will look to further the existing reputation and operational excellence Arizona Natural Selections has established across the state and are eager to welcome new members into the Harvest family."
"We're extremely pleased to have found a partner like Harvest, whose values align with ours and whose capabilities will enhance our ability to deliver high-quality products to our patients," said Kurt Merschman, CEO of Arizona Natural Selections.
"With Harvest's exceptional reputation, commitment to Arizona and experienced operations team, we have no doubt we'll be able to provide an even greater level of care and service to our patients."
To learn more about Harvest Health visit their Company HQ here.
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