Harvest Health & Recreation Inc., a Tempe, Arizona-based cannabis company, said it has completed the sale of its medical marijuana dispensary and cultivation assets in Arkansas for $25 million, enabling the company to focus on its core such as Arizona. The company said it has sold Natural State Wellness Dispensary, LLC and Natural State Wellness Enterprises, LLC, which own and operate a medical dispensary and cultivation facility in Arkansas. Harvest Health received net proceeds from the sale of about $12.9 million in cash, following repayment of about $1.9 million loans associated with the assets.

Mmp News Author, Medical Marijuana Program Connection, 11/17/2020 03:03:30

Open article: https://mmpconnect.com/harvest-health-sells-arkansas-marijuana-assets-for-25-mln/