Vertically integrated cannabis company Harvest Health & Recreation Inc. (CSE:HARV, OTCQX: , HRVSF)) sold its cultivation and processing assets in Utah and opened a new medical dispensary in South Miami Beach, Florida.
Divestiture Of Utah Operations
The Tempe, Arizona-based company no longer holds any operations in Utah, following the sale of its assets to a local operator for “an immaterial amount of cash.”
“We are pleased to have completed this divestiture as part of our strategic plan,” Harvest CEO Steve White said. “We will continue to allocate resources to growth opportunities in our core markets.”
New Miami Dispensary
Harvest’s eleventh medical cannabis dispensary in Florida, located at 1011 5th St, South Miami Beach, is open Monday through Saturday from 9:00 am to 8:00 pm and Sunday from 10:00 am to 7:00 pm. Harvest’s other Florida dispensaries are based in Gainesville, Jacksonville, Kissimmee, Lehigh Acres, Longwood, North Miami Beach, North Port, Olympia Heights, Tallahassee and West Palm Beach.
“We are thrilled to open our eleventh Harvest location in Florida, one of the fastest-growing medical markets in the U.S.” White said. “We look forward to serving patients and providing quality products at this new location in one of our core markets.”
Recent Important Milestones
In May, Harvest confirmed it will be acquired by Trulieve Cannabis