Harvest Receives Santa Monica Dispensary License as Top Applicant

Santa Monica, CA — December 21, 2018 — /D.M.O. Newswire/ — Harvest Health & Recreation, Inc. (Harvest), a vertically built-in public hashish firm with one of many largest footprints in the United States and now listed publicly on the CSE in Canada (CSE: HARV), was awarded the very best rating of all candidates and obtained one among solely two licenses to function a dispensary in Santa Monica, California. The remaining choice, by Santa Monica’s Director of Planning and Community Development, got here after 21 candidates had been judged on a sequence of requirements and deserves together with related expertise throughout a number of verticals within the hashish area, prior demonstration of compliance, monetary viability and proposed neighborhood advantages. Harvest provides this license to its rising belongings in California, greater than 60 others nationally and its increasing footprint in 12 states throughout the US.

“Santa Monica has near 100,000 residents and is a premiere vacation spot for practically 9 million vacationers yearly and LA residents. Harvest is proud so as to add this coveted location to our ever-growing map, additional increasing our California footprint, whereas persevering with our aim to ship unparalleled return on invested capital,” stated Steve White, founder and CEO of Harvest. “This newest win is a testomony to the expertise and method of our total utility group, which has received greater than 50 licenses throughout the nation. This is an utility that represents a singular alternative in California with solely two retail licenses being awarded for the favored metropolis. We look ahead to bringing our main merchandise and award-winning storefronts to Santa Monica residents and guests. California is the biggest hashish market on the earth and an important a part of our long-term enlargement plans.”

Founded in 2011 in Arizona, Harvest is now one of many solely constantly worthwhile, vertically built-in hashish firms in the U.S. The firm brings collectively in-house cultivation, manufacturing, retail amenities, building, actual property and applied sciences, backed by skilled finance, compliance, operations, actual property, human sources, advertising and authorized groups, who’ve a confirmed and trusted observe document in writing functions and dealing within the hashish {industry}. With greater than 425 workers, Harvest plans to proceed to develop its operations throughout the U.S. and in California all through 2019.

About Harvest Health & Recreation, Inc.:

Harvest Health & Recreation Inc. is among the first constantly worthwhile, vertically built-in hashish firms with one of many largest footprints within the U.S. Harvest’s full vertical answer contains industry-leading cultivation, manufacturing, and retail amenities, building, actual property, know-how and operational experience — leveraging in-house authorized, HR and advertising groups, together with confirmed consultants in writing and profitable state-based functions. The firm has greater than 425 workers with confirmed expertise, experience and data of in-house finest practices which are drawn upon at any time when Harvest enters new markets. Harvest’s govt group is comprised of leaders in finance, compliance, actual property and operations. Since its founding in 2011, Harvest has grown its footprint yearly and now has greater than 60 licenses in 12 states, with deliberate enlargement into further states by 2020. Harvest shares well timed updates and releases as a part of its common course of enterprise with the media and the public. For extra data, go to: https://www.harvestinc.com/.

Forward-looking Statements

This press launch incorporates statements which represent “forward-looking information” inside the which means of relevant securities legal guidelines, together with statements relating to the plans, intentions, beliefs and present expectations of Harvest with respect to future enterprise actions. Forward-looking data is commonly recognized by the phrases “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” or related expressions and embody data relating to: (i) expectations relating to the dimensions of the U.S. hashish market, (ii) the flexibility of the Company to efficiently obtain its enterprise targets, (iii) plans for enlargement of Harvest, and (iv) expectations for different financial, enterprise, and/or competitive elements.

Investors are cautioned that forward-looking data will not be based mostly on historic info however as a substitute displays Harvest administration’s expectations, estimates or projections regarding future outcomes or occasions based mostly on the opinions, assumptions and estimates of administration thought-about affordable on the date the statements are made. Although Harvest believes that the expectations mirrored in such forward-looking data are affordable, such data includes dangers and uncertainties, and undue reliance shouldn’t be positioned on such data, as unknown or unpredictable elements may have materials antagonistic results on future outcomes, efficiency or achievements of the mixed Company. Among the important thing elements that would trigger precise outcomes to vary materially from these projected within the forward-looking data are the next: the potential affect of an announcement of a going public transaction on relationships, together with with regulatory our bodies, workers, suppliers, clients and opponents; modifications normally financial, enterprise and political circumstances, together with modifications within the monetary markets; and particularly within the capacity of the Company to lift debt and fairness capital within the quantities and on the prices that it expects; antagonistic modifications within the public notion of hashish; decreases within the prevailing costs for hashish and hashish merchandise within the markets that the Company operates in; antagonistic modifications in relevant legal guidelines; or antagonistic modifications within the utility or enforcement of present legal guidelines, together with these associated to taxation; the lack to find and purchase appropriate firms, properties and belongings essential to execute on the Company’s enterprise plans; and rising prices of compliance with in depth authorities regulation. This forward-looking data could also be affected by dangers and uncertainties within the enterprise of Harvest and market circumstances.

Should a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking data show incorrect, precise outcomes might differ materially from these described herein as meant, deliberate, anticipated, believed, estimated or anticipated. Although Harvest has tried to determine necessary dangers, uncertainties and elements which may trigger precise outcomes to vary materially, there could also be others that trigger outcomes to not be as anticipated, estimated or meant. Harvest doesn’t intend, and doesn’t assume any obligation, to replace this forward-looking data besides as in any other case required by relevant legislation.