Harvest Health Announces Equity Redistribution to Employees

Harvest Health & Recreation Inc. (CSE: HARV) has announced that several members from the executive team have abdicated 2.4 million equity options, with the intent of allocating them to the company’s various employees.

Three members of the executive team, including the Operational Leader, Co-Executive Chairman, and the CEO have all volunteered to redistribute their equity options to the firm’s employees as a gesture for their hard work and accomplishments. In total, qualifying employees received the 2.4 million equity options, as well as an additional 600,000 of newly-issued options.

As a result of the redistribution of equities, Harvest Health will be reporting $10 million as a non-cash charge in the first quarter of 2020. A non-cash charge is an accounting measure used to show a decrease in earnings, but not cash flow.

Harvest Health & Recreation Inc is a US-based cannabis operator, and is currently trading at $3.78 on the CSE.


Information for this briefing was found via Sedar and Harvest Health & Recreation Inc. 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. The author holds no licenses.

Video Articles

Aznalcóllar Corruption Case Nears Conclusion | David Gower – Emerita Resources

Why Precious Metals Crashed on Trump’s Trade Deals? | Jesse Day

Big Gold Miners Don’t Trust $3,300 Gold, Do They See a Crash Ahead? | Rob McEwen

Recommended

NexGen Energy Receives Approval For Site Expansion At Rook I Project

ESGold Sees Installation Of Humphrey Spirals Completed At Montauban

Related News

Stifel Releases Third Quarter Earning Preview For US Multi State Operators

Last week Stifel released their Q3 earnings preview for all the MSO’s while stating that...

Sunday, November 1, 2020, 01:43:00 PM

Planet 13 Acquires Florida License From Harvest Health

Planet 13 Holdings (CSE: PLTH) is officially headed to Florida. The firm this morning indicated...

Friday, October 1, 2021, 08:28:16 AM

Harvest Health Increases Bought Deal To C$40 Million

It seems our article in connection to US cannabis financing yesterday was quite timely. After...

Thursday, October 22, 2020, 09:45:08 AM

Harvest Health Shareholders Approve Transaction With Trulieve Cannabis

It appears that Harvest health (CSE: HARV) and Trulieve Cannabis (CSE: TRUL) are set to...

Thursday, August 12, 2021, 08:08:03 AM

Harvest Health Acquires GreenMart of Nevada Facility from Mjardin Group

Harvest Health & Recreation (CSE: HARV) is starting off the new year with a strengthened...

Thursday, January 2, 2020, 08:31:56 AM