PHOENIX , Nov. 5, 2019 /CNW/ — Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”) and Verano Holdings, LLC (“Verano”) have both certified substantial compliance with the Request for Additional Information and Documentary Materials (“Second Request”) issued by the Department of Justice (“DOJ”) on July 11, 2019 regarding Harvest’s proposed acquisition of Verano. This acquisition will combine two geographically complementary, like-minded, market-leading multi-state operators focused on quality, operating excellence and profitable growth.
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“Our commitment to bringing these two great companies together has never been in doubt despite any delays,” said Harvest CEO Steve White . “Most importantly, upon closing, we are thrilled to have the talented Verano team join the Harvest family and to fulfill the vision we had when we announced the acquisition early this year.”
The certification of substantial compliance triggers the start of a 30-day waiting period during which Harvest and Verano will continue to work constructively with the DOJ to complete the investigation. The waiting period is expected to expire on or around December 4, 2019 , after which the parties will be free to close unless the DOJ takes legal action to block the transaction. Pending satisfaction