Connect with us

CBD News

Harvest Health and Recreation Raises $225 Million in a Bid to Expand Cannabis Supply Chain Assets



Harvest Health and Recreation Raises $225 Million in a Bid to Expand Cannabis Supply Chain Assets

With federal legalization underway, and a hot topic of the Presidential campaign, cannabis producers in the US are looking to expand. The key to expansion is of course raising a sufficient amount of capital and Harvest Health & Recreation has done just that. They have recently secured a new financing plan to fund acquisitions, licence renewals, and continued overall operations. The terms of financing are through an investment fund by Torian Capital Partners which has committed $75 million tranches, up to $225 million.

The first tranche is due to arrive next month and will be issued as a secured note private placement. Each tranche will mature two years after being issued and will come with an 8% annual interest rate due to be paid quarterly. The company seeks to acquire assets across the cannabis supply chain. With this opportunity, they will be better equipped to aggressively expand retail as well as their wholesale footprint into key markers. They are also seeking to build and acquire brands for broad distribution, according to the CEO.

This financing comes as a win as the company recently experienced a setback in Pennsylvania when their grower/processor permit was not renewed. Harvest has also recently announced two major expansion plans in different states. The company is acquiring Urban Greenhouse dispensary and greenhouse of Arizona. They are expanding into Utah’s new medical cannabis industry as well. Harvest Utah was one of eight companies to be approved to grow medical cannabis in the state.

Cheryl Anne hails from Great Britain and casts a large shadow with her master’s degree in Relationship Therapy as well as a number of other professional accreditations. While she specializes in psychological thrillers and self-help books, her undeniable and uncanny knack for sifting through the cracks of the cannabis and CBD space are extremely necessary and sought after.

Continue Reading

Ultimate CBD Guide


ultimate-cbd-products-company-guidepopular-cbd-health-benefits best-cannabidiol-guide-resources hemp guide

TimesofCBD is the most active daily CBD news publication featuring the latest cannabis industry stories and marijuana market trends. As the leader in CBD-centric content curation, we invite all readers to come for the headlines and stay for the insights. Quality is the top priority when presenting user guides, analyzing product reviews and reporting fact-checked news announcements. All information is for educational and informational purposes only. Disclaimer.

Got news? Email

Copyright © 2020 | Latest CBD News, Cannabis Guides and Marijuana Trends
Note: Always seek real additional medical advice and consultation with a professional healthcare practitioner before considering any CBD. No statements found on this website have underwent Food and Drug Administration evaluation. The efficacy of any products or claims made have never been approved by the FDA either. No products shall ever be intended to diagnose, treat or cure any disease or prevent any ailment.