Harvest Health & Recreation (CSE: HARV) this morning announced the retirement of chief operating officer Ron Goodson. The retirement comes less than a year after the company appointed Goodson to the role, whom has only held the position since January 6, 2020.
At the time, the appointment of Goodson replaced outgoing COO John Cochran. Goodson came to the company via Verano Holdings, where he served as President & COO. His appointment at the time had been viewed as a signal that that transaction would soon be closing after a long delay from the initial announcement.
However, that signal apparently was a failed one, with the Harvest-Verano transaction falling apart two months later in March of 2020 on the basis of “prolonged obstacles in meeting requirements for state and local regulatory authorities.” Interestingly enough, Verano Holdings is now expected to go-public on its own in an anticipated US$2.88 billion transaction via the reverse takeover of Majesta Minerals, wherein it’ll be the third largest public multi state operator by revenue, and a direct competitor of Harvest Health. Verano’s go public was leaked to the market on Friday.
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Given the timing of events, the retirement of Goodson whom was formerly president of Verano is certainly interesting. Whether he returns to Verano is anyone’s guess. Harvest Health meanwhile has no immediate plans to fill the vacant spot on the C-suite left following Goodson’s departure, with the company saying that the responsibilities will be assumed by other members of the senior leadership team.
Harvest Health & Recreation last traded at $2.48 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.
