Tag: Arkansas

Harvest Health & Recreation Inc. Announces Divestiture of Arkansas Assets

PHOENIX, Nov. 16, 2020 /PRNewswire/ — Harvest Health & Recreation Inc.  (“Harvest”) (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis company and multi-state operator in the U.S., has completed the divestiture of its dispensary and cultivation assets in Arkansas.

Natural State Wellness Dispensary, LLC and Natural State Wellness Enterprises, LLC, which own and operate a medical dispensary and cultivation facility, were sold on Friday, November 13, 2020. The total purchase price paid by the buyer was $25 million. Following repayment of approximately $1.9 million in loans associated with the assets, the portion of net proceeds received by Harvest for its interests totaled approximately $12.9 million in cash. Harvest retains ownership of the real estate for the dispensary and cultivation facilities.     

“We are pleased to have completed this divestiture as part of our strategic plan to streamline our business and focus on core markets,” said Chief Executive Officer Steve White.  “The additional cash on our balance sheet adds flexibility at a time when we are pursuing growth opportunities such as recreational sales in Arizona.”  

Following the completion of this divestiture, Harvest maintains its 2020 guidance of greater than $225 million in revenue.

About Harvest Health & Recreation Inc.

Headquartered in Tempe, Arizona, Harvest Health & Recreation Inc. is a vertically integrated cannabis company and multi-state operator. Since 2011, Harvest has been committed to expanding its retail and wholesale presence throughout the U.S., acquiring, manufacturing, and selling cannabis products for patients and consumers in addition to providing services to retail dispensaries. Through organic license wins, service agreements, and targeted acquisitions, Harvest has assembled an operational footprint spanning multiple states in the U.S. Harvest’s mission is to improve lives through the goodness of cannabis. We hope you’ll join us on our journey: https://harvesthoc.com 

Facebook: @HarvestHOC
Instagram: @HarvestHOC
Twitter: @HarvestHOC

Forward-looking Statements
This press release contains statements which constitute “forward-looking information” within the meaning of Canadian and U.S. securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Harvest with respect to future business activities. Forward-looking information is often identified by the words “may,” “would,” “could,” “should,” “will,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “expect” or similar expressions and include information regarding: (i) expectations regarding the size of the U.S. cannabis market, (ii) the ability of Harvest to successfully achieve its business objectives, (iii) plans for expansion of Harvest, and (iv) expectations for other economic, business, and/or competitive factors. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects Harvest management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Harvest believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined Company. Among the key

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Alontae Taylor, Shawn Shamburger out vs. Arkansas

FAYETTEVILLE, Ark. – Tennessee’s starting cornerback Alontae Taylor did not make the trip for the Vols’ game against Arkansas on Saturday (7:30 p.m. ET, SEC Network).

Taylor has been battling a hamstring injury, which sidelined him from UT’s game against Kentucky on Oct. 17. He returned to play against Alabama on Oct. 24.

Additionally, nickelback Shawn Shamburger did not make the trip for undisclosed reasons. Shamburger started against Alabama.

Neither absence is related to COVID-19.

Among other key injuries are those to offensive linemen Wanya Morris and Jerome Carvin and linebacker Jeremy Banks, all of whom made the trip and likely will be available to play.

The Vols traveled just three quarterbacks. J.T. Shrout, who was the second-string option for the game against Kentucky, did not make the trip. Brian Maurer and Harrison Bailey will back up Jarrett Guarantano.

Here’s Tennessee’s injury report.

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Out

CB Alontae Taylor (hamstring)

DB Shawn Shamburger (undisclosed)

TE Austin Pope (back)

LB J.J. Peterson (stepped away from the program)

OL Riley Locklear (undisclosed; had surgery this week)

RB Len’Neth Whitehead (foot)

Probable

OL Wanya Morris (ankle)

OL Jerome Carvin (turf toe)

LB Jeremy Banks (ankle)

Blake Toppmeyer covers University of Tennessee football. Email him at [email protected] and follow him on Twitter @btoppmeyer. If you enjoy Blake’s coverage, consider a digital subscription that will allow you access to all of it. Current subscribers can click here to join Blake’s subscriber-only text group offering updates and analysis on Vols football.

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Colorado Parks & Wildlife – Arkansas Headwaters Recreation Area


​​​​​​​​​​​​​​​​​​​​​​​ The Arkansas Headwaters Recreation Area (AHRA) is recognized as one of the nation’s most popular locations for whitewater rafting and kayaking. The Arkansas River it the most commercially rafted river in the United States and is noted for its world-class fishery, which provides an excellent opportunity for anglers to test their skills at catching brown and rainbow trout.

AHRA visitors also enjoy camping, hiking, picnicking, wildlife watching, mountain biking, rock climbing, and even gold panning along the river’s shores, deep canyons, broad valleys and towering mountain peaks found within the upper Arkansas River valley.​​

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High Water Advisory in Effect?

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