Arizona-based medical cannabis operator Harvest has merged with cannabis cultivator and supplier Modern Flower, making Harvest the largest medical cannabis operator in the state by giving them more cultivation facilities and dispensary licenses than anyone else in Arizona.
Steve White, Harvest CEO, said the deal “allows Harvest to meet the demand from an increasing number of seriously ill patients who are turning to medicinal cannabis to confront a variety of illnesses.”
“What I find particularly exciting about this merger is the growth of our Harvest team,” White said in a press release. “We have an incredibly engaged group of team members who are passionately committed to the care of our patients. You can easily see that energy, that genuine desire to improve patients’ lives, in every aspect of our company, from our cultivation to our dispensaries. It’s something that truly differentiates Harvest, and we’re thrilled to be able to share it with more patients.”
The merger is expected to expand Harvest’s total workforce by more than 200 employees by the end of the year. Modern Flower facilities in Cottonwood and Lake Havasu, a grow site and dispensary, respectively, will be rebranded. Harvest plans on opening another dispensary in Tempe by August, with plans for four more dispensaries in Phoenix, Tucson, Cottonwood, and Tolleson.
Modern Flower’s founder, Jason Vedadi, will join Harvest as president and lead the expansion initiative.
“The merger means enhanced product offerings and more options for people seeking relief from battling painful medical conditions and debilitating diseases,” he said in a statement.
The addition of the Cottonwood cultivation facility brings Harvest’s combined indoor grow space to 65,000 square feet across three facilities, along with a 3.3-acre outdoor site.
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