HRVOF - Harvest One closes its majority interest sale in Greenbelt Greenhouse

As part of the ongoing review of its non-core assets, Harvest One Cannabis (HRVOF) completed the sale of its majority interest in Greenbelt Greenhouse for cash proceeds of ~$2.85M.Transaction closing date was Oct. 15, 2020."Cash proceeds from this transaction will have a positive impact on our balance sheet as the company undergoes a strategic restructuring to right size the organization. Management continues to focus on the commercialization of both infused and non-infused over-the-counter consumer products under our core consumer brands of LivRelief, Dream Water and Satipharm," president & interim CEO Gord Davey commented.Harvest One will continue to evaluate all transactions or financing alternatives available to support the growth and expansion of its CPG brands and product lines.

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Harvest One closes its majority interest sale in Greenbelt Greenhouse