Harvest Health & Recreation Acquires CannaPharmacy, But Pennsylvania Isn’t So Sure

Spread the love

Philadelphia Inquirer reporter Sam Wood III first reported this exchange.

On April 9, Harvest Health & Recreation announced that it had entered into a binding, definitive agreement to acquire CannaPharmacy Inc., which holds a grower-processor license in Pennsylvania along with other cannabis business licenses in Delaware, New Jersey and Maryland. The move, once approved and closed, would place Harvest operations in 213 cannabis facilities, 130 dispensaries and 17 U.S. states. But whether those assets mean that Harvest holds those business licenses is a matter that the Pennsylvania Department of Health is calling out. 

The health department threatened to revoke Harvest’s existing licenses because of how the company’s management was communicating its holdings in Pennsylvania.

CannaPharmacy is the owner of Franklin Labs LLC in Pennsylvania, which owns a 46,800-square-foot cultivation facility in Reading, Pa. Harvest’s management team touted this expansion of its Mid-Atlantic footprint in a press release announcing the M&A news.

John Collins, the department’s director of the Office of Medical Marijuana, wrote in his April 10 letter to Harvest Health & Recreation CEO Steve White that

View the Original article

error: Content is protected !!
%d blogueurs aiment cette page :