April 22, 2024 10:29 pm
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

Tempe cannabis firm expects more than $67M from sale of California assets

By Jeff Gifford | Phoenix Business Journal

Harvest Health & Recreation Inc. says it will pocket $61.5 million in stock and cash after completing the initial closing of its divestment of assets in California, with another $6 million expected after a second closing.

The Tempe-based medical marijuana company will receive $1.5 million in cash and $60 million in Series A preferred stock in Hightimes Holding Co., which is buying 13 planned and operational dispensaries in California from Harvest Health. The second closing will cover two of the planned dispensaries for $6 million in Series A preferred stock from Hightimes.

Read the full subscription story from the Phoenix Business Journal.

Share this!

Additional Articles
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.