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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