Agrimed Industries Harvest Health

EXCLUSIVE: Harvest Health’s Statement on Agrimed Industries Pennsylvania License

Following The Deep Dive’s coverage on Harvest Health & Recreation (CSE: HARV) yesterday related to the loss of Agrimed’s license to cultivate in Pennsylvania, Alex Howe, Head of Corporate Communications reached out to our team to provide a full statement on the matter.

It reads as follows;

The Department of Health’s unexpected decision to deny the renewal application of AGRiMED Industries of PA, LLC was based, in large part, on alleged failures of prior management of AGRiMED that occurred prior to Harvest’s acquisition of the company. That acquisition was not completed until May 17, 2019. This decision is not related to nor has any impact on any other Harvest owned or operated licenses or permits in Pennsylvania. Despite the recent change in management of AGRiMED, and Harvest’s diligent efforts to raise the operational standards to set the beleaguered company on a compliant track, consistent with Harvest’s industry-leading operational standards, the Department appears to have adopted a cumulative effect to infractions related to the permit. A permit which, under DOH regulations, has never been transferred to Harvest. The Department’s decision unfortunately penalizes Harvest for alleged mismanagement of prior ownership. While Harvest intends to take all necessary legal action to address the AGRiMED issue, Harvest will continue to work cooperatively with the Department to differentiate its management from the legacy operators of AGRiMED, and will continue to demonstrate its full compliance with Pennsylvania medical marijuana program rules. Harvest believes it is fully aligned with the Department’s mandate to ensure compliance with its regulations.

Alex Howe, Head of Corporate Communications for Harvest Health

More to come.


Information for this analysis was found via the Pennsylvania Inquirer and Harvest Health & Recreation. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

The Russell Will Lead the Next Market Crash!? | John Feneck

The Global Conflict Has Already Started | Bryan Cunningham

Silver Still At 90:1, What If It Snaps Back To 15:1? | Glenn Jessome – Silver Tiger

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Harvest Health Announces Secured Note Financing with US$90 Million Commitment

Harvest Health & Recreation (CSE: HARV) this morning announced that it will be conducting a...

Friday, December 6, 2019, 10:44:43 AM

Harvest Health: Canaccord, Stifel Raise Price Targets

Earlier this week, Harvest Health & Recreation (CSE: HARV) released its third quarter results. The...

Thursday, November 12, 2020, 03:57:03 PM

Harvest Health Announces Equity Redistribution to Employees

Harvest Health & Recreation Inc. (CSE: HARV) has announced that several members from the executive...

Friday, February 7, 2020, 08:58:21 AM

Falcon International Expects To Win In Harvest Health Lawsuit

Falcon International has publicly responded to Harvest Health and Recreation (CSE: HARV) related to the...

Tuesday, January 21, 2020, 12:45:44 PM

Harvest Health: Canaccord Reiterates Price Target Following Earnings

On August 10, Harvest Health and Recreation (CSE: HARV) reported its second quarter results. The...

Thursday, August 12, 2021, 03:49:00 PM