Harvest Announces Amended Terms for Planned Divestment of Select California Retail Assets to High Times

Harvest and its affiliates intend to sell a portfolio of equity and assets with respect to ten operational and planned dispensaries in California for total consideration of $67.5 million , including up to $1.5 million in cash, $4.5 million as a one-year promissory note with 10% interest, and $61.5 million in Series A Preferred Stock issued by Hightimes. Harvest will retain four operating dispensaries located in Grover Beach , Napa , Palm Springs , and Venice and select licenses for potential retail locations in California following completion of this planned divestment.

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