Canada-listed Harvest Health & Recreation, Inc. announced it won every license it applied to open more retail stores. According to the public cannabis company, each license permit it won allows to open up to three retail stores.
Harvest has cleared the criteria set by the Pennsylvania Department of Health, which issued a total of 23 dispensary permits for Phase II of the medical marijuana program. Harvest will now have six months to become operational before it begins dispensing medical cannabis.
With these latest wins, Harvest and its units now have a significant footprint in 12 states across the US. Harvest was previously granted a retail license for Pennsylvania’s Southeast region in June of 2017, which includes its first store in Redding and two upcoming stores in the Philadelphia metropolitan area.
“As is true elsewhere, we are now ahead of schedule in the state of Pennsylvania, as we work to build the largest retail footprint in cannabis,” said CEO and founder Steve White.
“Pennsylvania, as a cannabis market, has exceeded our expectations. And Harvest is excited and proud to have been awarded these important licenses, allowing us to bring our leading products, storefronts, experience and approach to citizens throughout the state. Our real estate teams have already been deployed throughout Pennsylvania and will identify the best retail locations for our new stores. Pennsylvania is quickly becoming one of the most important states for our long-term plans,” he added.
Harvest, which was founded in 2011, has the largest footprint in the third largest medical cannabis market in the US — Arizona.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard