I know Harvest is using REITS for their land and t
Post# of 85532
Pennsylvania
Harvest Wins Every License Applied for in Pennsylvania
Phoenix, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Harvest Health & Recreation, Inc. (Harvest), a vertically integrated public cannabis company with one of the largest footprints in the United States and now listed publicly on the CSE in Canada (CSE:HARV), today added to its existing retail license award in Pennsylvania by winning every license it applied for giving Harvest the ability to open more retail stores than any other company. Each license permits the recipient to open up to three retail stores. Harvest was chosen because it received the highest scores on all but one of its regional applications (where it placed 2nd overall) based on its responses to the criteria developed by the Pennsylvania Department of Health. The Department of Health issued a total of 23 dispensary permits for Phase II of the medical marijuana program. Harvest will now have six months to become operational before it begins dispensing medical cannabis. With these latest wins, Harvest and its subsidiaries now have a significant footprint in 12 states across the US. Harvest was previously granted a retail license for Pennsylvania’s Southeast region in June of 2017, which includes its first store in Redding and two upcoming stores in the Philadelphia metropolitan area.
“As is true elsewhere, we are now ahead of schedule in the state of Pennsylvania, as we work to build the largest retail footprint in cannabis,” said Steve White, founder and CEO of Harvest. “Pennsylvania, as a cannabis market, has exceeded our expectations. And Harvest is excited and proud to have been awarded these important licenses, allowing us to bring our leading products, storefronts, experience and approach to citizens throughout the state. Our real estate teams have already been deployed throughout Pennsylvania and will identify the best retail locations for our new stores. Pennsylvania is quickly becoming one of the most important states for our long-term plans.”
Founded in 2011, Harvest has the largest footprint in its home state of Arizona – the third largest medical cannabis market in the U.S. and one of the oldest regulated cannabis markets in the world. With a truly comprehensive vertically integrated model, Harvest comprises industry-leading cultivation, manufacturing, retail facilities, construction, real estate, technological capabilities backed by an award-winning team of experts with a proven track record in writing and winning state-based cannabis licensing applications.
An international leader in the cannabis industry, Harvest holds itself to the most stringent health, safety and quality standards in the industry when it comes to the growth, production and sale of cannabis medicines and products for consumers. Since Harvest was founded in 2011, the company has donated more than $500,000 to veterans, seniors, children, patients-in-need and other charitable recipients.
About Harvest Health & Recreation, Inc.:
Harvest Health & Recreation Inc. is one of the first consistently profitable, vertically integrated cannabis companies with one of the largest footprints in the U.S. Harvest’s complete vertical solution includes industry-leading cultivation, manufacturing, and retail facilities, construction, real estate, technology and operational expertise — leveraging in-house legal, HR and marketing teams, along with proven experts in writing and winning state-based applications. The company has 425 employees with proven experience, expertise and knowledge of in-house best practices that are drawn upon whenever Harvest enters new markets. Harvest’s executive team is comprised of leaders in finance, compliance, real estate and operations. Since its founding in 2011, Harvest has grown its footprint every year and now has licenses in 12 states, with planned expansion into additional states by 2020. Harvest shares timely updates and releases as part of its regular course of business with the media and the interested public. For more information, visit: https://www.harvestinc.com/.