Assignment of Contingent Assignment requires the consent of the Board of Managers of HAH 2 CA LLC.” High Times was to deliver $1 million to Harvest Health on April 27 as a deposit and then another $4 million at the closing date or within 45 days of the effective date. The document states, “Neither ICG nor Harvest holds any rights to acquire the 40% interest held by Bronson. The High Times Purchase Agreement acknowledges the Bronson position in HAH. Almost immediately after that statement, Harvest Health laid off numerous Have A Heart employees. “We are excited to welcome the Have Heart dispensaries into the Harvest family,” said Harvest Chief Executive Officer Steve White. Harvest Health said it was acquiring ICG in a deal valued at $85 million.
That wasn’t the case and the property was sold. The company’s response was that it was just due diligence discussions and that news in the press was often wrong. All of these transactions occurred within an eight-week time frame.īronson had informed ICG that it had no authority to offer up the shares to Harvest Health. The dispensary was then flipped to Harvest Health & Recreation, who just sold it to HHI Acquisition Corp, a subsidiary of Hightimes Holding Corp. Bronson owns 40% of the HAH dispensary and he claims his business partners sold their shares to Interurban Capital Group (ICG) without his approval.
The company’s CEO Alexis Bronson said the transactions weren’t legal. Assets may be excluded from the divestment plan if required approvals are not obtained resulting in an adjustment to the total consideration.” That’s because at least one of the assets, a Have A Heart (HAH) location in San Francisco, is fighting the transaction. “The transaction is subject to various closing conditions and contingencies including third party and regulatory approvals. The announcement came with one big disclaimer at the bottom. Harvest has said that its the previously announced full-year 2020 revenue target remains unchanged. Harvest says it 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. The stock though is not publicly traded and could potentially never be traded.
#HARVEST HEALTH SERIES#
The deal is now $1.5 million in cash and a $4.5 million one-year promissory note with 10% interest and $61.5 million in Series A Preferred stock issued by Hightimes Holding Corp. That has now been reduced to ten operational and planned retail assets in a deal now valued at $67.5 million. Originally Harvest announced it was selling 13 planned and operational California licenses to the iconic cannabis publisher High Times in a deal valued at $80 million. (OTCQX: HRVSF) is changing the number of retail assets it had planned to sell to Hightimes Holding Corp. The translated program is replicable and may help to address health disparities.Harvest Health & Recreation Inc.
#HARVEST HEALTH TRIAL#
Participant benefits compare favorably to original trial outcomes. The CDSMP can be translated for delivery by trained senior center personnel to African American elders. Outcomes did not differ by gender, number of sessions attended, number and type of chronic conditions, facilitator, leader, or recruitment site. We found no changes for health utilization. We found small but statistically significant improvements for exercise (p =.001), use of cognitive management strategies (p =.001), energy/fatigue (p =.001), self-efficacy (p =.001), health distress (p =.001), and illness intrusiveness in different life domains (probabilities from.001-.021). Of the 519, 444 (86%) completed >/=4 sessions and 414 (79%) completed pre-post interviews. We conducted baseline and 4-month post-interviews.Ī total of 569 African American elders attended an introductory session, with 519 (91%) enrolling in the 6-session program. We recruited participants from senior center members, area churches, and word of mouth. Modifications to the CDSMP included a name change an additional introductory session and course augmentations involving culturally relevant foods, stress reduction techniques, and communicating with racially/ethnically diverse physicians. Lorig and colleagues' Chronic Disease Self-Management Program (CDSMP) for delivery in a senior center and evaluate pre-post benefits for African American participants.
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