A Real Power Broker In The Cannabis Industry

A Real Power Broker In The Cannabis Industry

A real power broker in the Cannabis industry with Steve White, CEO, Harvest Health and Recreation. Today we talk to a real power broker in the Cannabis industry, the CEO of one of the largest multi-state operators in the USA. Harvest Health and Recreation closed on a definitive agreement to buy Verano Holdings for $850 million in an all-stock deal, marking the largest US cannabis deal to date.

A Real Power Broker In The Cannabis Industry

The combined company will be one of the country’s largest multi-state operators, presiding over as many as 200 facilities in 16 states. By the end of 2019, Harvest will have 70 open retail stores, 13 grow farms, and 13 processing facilities. Plus, a total cultivation expansion of 900,000 square feet in Illinois, Nevada, and Maryland. According to an article by Yahoo Finance, Canada became the first major world economy and the second country after Uruguay to legalize recreational marijuana last October. The legalization seems to be largely priced-in at the current level. Investors’ interest has been turning toward the United States where the industry is still booming.

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