[ad_1]
Harvest Health and Recreation Inc.
HRVSF, + 12.19%
On Monday, she announced her intention to buy rival cannabis company Verano Holdings LLC for $ 850 million in stock. Harvest Health is listed on the Canadian Stock Exchange and over-the-counter in the US and went public in November at CSE. The over-the-counter shares of Harvest Health surged more than 12% in Monday trading. In a press release, Harvest Health indicated that the cost of acquisition was based on the price of its share of CDN $ 8.79 ($ 6.55) and that at the end of the operation, 30 retail stores, eight cultivation sites and seven manufacturing facilities would be set up. Harvest Health has ambitious growth plans and announced in its release by the end of 2019 that it will have 70 stores, 13 potted farms and 13 manufacturing facilities. Sol Global Investments Corp.
FOLCF, + 11.79%
holds a 15% stake in Verano, which, according to Sol, is worth $ 127.5 million. The chief investment officer of Sol Global and Chairman of the Board is Andy DeFrancesco, who sells short companies Hindenburg Research and Quintessential Capital Management, allegedly participated in a pump and dump project related to the Canadian company Aphria Inc. .
APHA + 2.20%
APHA + 1.72%
Have the latest news sent to your inbox. Subscribe to free e-mails from the MarketWatch newsletter. Register here.
[ad_2]
Source link