Harvest Well being & Recreation Inc. Shareholders Agree to Six-Month Extension of Lock-Up Period


PHOENIXNov. 15, 2019 /CNW/ — Harvest Well being &amp Recreation Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”), a vertically integrated cannabis business with a single of the biggest and deepest footprints in the U.S., right now announced that a group of our founding shareholders have agreed to a voluntary six-month extension to the lock-up period for a tranche representing 19,490,618 Subordinate Voting Shares on an as converted basis. This tranche of the lock-up will be deferred until May well 14, 2020, or 18 months just after the original November 14, 2018 RTO closing.

About Harvest Well being &amp Recreation Inc.

Headquartered in Tempe, Arizona, Harvest Well being &amp Recreation Inc. is a multi-state cannabis operator (MSO) and vertically-integrated cannabis business. Topic to completion of announced acquisitions, Harvest will have a single of the biggest footprints in the U.S., with rights to operate additional than 210 facilities, of which roughly 130 are retail places, and additional than 1,700 workers across 18 states and territories. Due to the fact 2011, the business has been committed to expanding its Harvest Residence of Cannabis retail and wholesale presence all through the U.S., acquiring, producing and expanding major brands for sufferers and customers nationally and continuing on a path of lucrative development. Harvest’s mission is to boost lives by means of the goodness of cannabis and is focused on its vision to turn into the most useful cannabis business in the globe. We hope you will join us on our journey: https://harvesthoc.com

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Forward-searching Statements

Investors are cautioned that forward-searching details is not primarily based on historical details but as an alternative reflects Harvest management’s expectations, estimates or projections regarding future final results or events primarily based on the opinions, assumptions and estimates of management regarded as affordable at the date the statements are created. While Harvest believes that the expectations reflected in such forward-searching details are affordable, such details entails dangers and uncertainties, and undue reliance must not be placed on such details, as unknown or unpredictable elements could have material adverse effects on future final results, efficiency or achievements of the combined Firm. Amongst the crucial elements that could lead to actual final results to differ materially from these projected in the forward-searching details are the following:  the capability of Harvest to create Harvest’s brand and meet its development objectives, the capability of Harvest to full planned acquisitions that are accretive to it is income, the capability of Harvest to receive and/or retain licenses or other contractual rights to operate in the jurisdictions in which it operates or in which it expects or plans to operate modifications in common financial, small business and political circumstances, which includes modifications in the monetary markets and in distinct in the capability of the Firm to raise debt and equity capital in the amounts and at the fees that it expects adverse modifications in the public perception of cannabis decreases in the prevailing rates for cannabis and cannabis items in the markets that the Firm operates in adverse modifications in applicable laws or adverse modifications in the application or enforcement of existing laws, which includes these associated to taxation the inability to find and obtain appropriate corporations, properties and assets needed to execute on the Company’s small business plans and rising fees of compliance with substantial government regulation. This forward-searching details may well be impacted by dangers and uncertainties in the small business of Harvest and market place circumstances.

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