On Monday, Harvest Health (OTCQX:HRVSF) announced an $850 million transformational acquisition of the privately-held cannabis Verano, creating one of the two largest cannabis companies in the U.S. by market cap. We initiated our coverage of Harvest in January 2019 through "Started From Arizona Now We're Here", whereby we praised the stock for its execution and growing footprint but also voiced our concerns around its elevated valuation. The market cheered the deal and sent Harvest shares up 11% on Monday. We also liked the deal but there is very little financial information