Harvest Health & Recreation (CSE: HARV) this morning announced that it has exited the state of North Dakota. The exit follows the sale of the firms dispensary assets within the state.
The two dispensary assets owned by Harvest within the state, located in Bismarck and Williston, were reportedly acquired by a local operator. Financial aspects of the transaction were not provided, with the assets being reportedly sold for “an immaterial amount of cash.”
The dispensaries were initially opened by the multi state operator back in the summer of 2019, with the dispensaries being among the first to open within the state.
The company has reportedly left the state as it works to refocus on its core markets.
Harvest Health last traded at $5.66 on the CSE.
Information for this briefing was found via Sedar, and Harvest Health and 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. The author holds no licenses.
