April 25, 2024 10:33 am
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Harvest Health snags three more medical marijuana licenses in Arizona

By Marijuana Business Daily#

Harvest Health & Recreation said Monday it is acquiring three vertical medical marijuana licenses in Arizona as part of a settlement with Devine Hunter, boosting the multi-state operator’s market-leading dispensary total from 15 to 18.

The settlement resolves litigation filed by Arizona-based Harvest in March to compel Devine to close on the sale of six MMJ licenses as agreed to in February 2019. Terms of that deal weren’t disclosed.

According to a news release, the settlement includes a repayment by Devine of $10.45 million owed to Harvest in connection with the acquisition agreement.

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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.