HRVSF - Harvest Health: Ohio Threatens To Revoke Licenses And For Good Reason
Source: Letter from State of Ohio to Harvest Health.
Summary
Harvest Health (HRVSF) is facing the potential loss of its Ohio cannabis licenses as the state disputes that Harvest qualifies under certain provisions intended to benefit minority-owned businesses. In this article, I investigate Harvest's Ohio applications and the state's issue with those applications.
The direct damage to Harvest's business here is relatively minimal: Harvest could lose three dispensary licenses and one cultivation license. Collectively, those licenses are worth perhaps $35-$80 million, based on prices paid for comparable licenses.
Investors should be aware