Harvest, a vertically integrated cannabis company with one of the largest and deepest footprints in the United States, announced the acquisition of Arizona Natural Selections, including the company’s four vertical medical marijuana licenses in Arizona for a non-material undisclosed amount of stock.
With this acquisition, Harvest owns and operates 14 medical dispensaries, four cultivation facilities, and three processing facilities in its home state of Arizona, a total of 15 vertical licenses. On a pro forma basis, including pending acquisitions, Harvest has a total of 22 vertical licenses in Arizona.
“We are excited to further deepen our operations in our home state of Arizona expanding our cultivation, processing, and retail operations,” said Harvest CEO Steve White. “We will look to further the existing reputation and operational excellence Arizona Natural Selections has established across the state and are eager to welcome new members into the Harvest family.”
The four licenses acquired through the agreement include retail locations:
- Green Desert Patient Center of Peoria, Inc.,
- Green Sky Patient Center of Scottsdale North, Inc.,
- The Giving Tree Wellness Center of Mesa, Inc.,
- and a fourth location to be opened
- (each of which currently conducts business under the retail brand name Arizona Natural Selections)
The acquisition will provide Harvest with two operational cultivation facilities: a 55,000 sq. ft. indoor cultivation and production facility in Phoenix and a 322-acre site of which 25 acres are zoned for cannabis with 70,000 square feet of greenhouse in Willcox. The acquisition includes the Darwin line of precision-dosed cannabis products.
Photo: Arizona Natural Selections