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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (96386)	10/22/2020 5:15:54 PM
From: Goose94	Read Replies (1) \| Respond to of 203329

Harvest Health & Recreation (HARV-Cse) Upsize Cdn$40 Million Bought Deal Financing Oct 22, '20 - NR Harvest Health & Recreation Inc. has entered into an amended agreement with Eight Capital and Canaccord Genuity Corp., pursuant to which Eight Capital and Canaccord Genuity, as co-lead underwriters and joint bookrunners, together with a syndicate of underwriters, will now purchase, on a bought deal basis, 17,699,200 units of the company at a price of $2.26 per unit for aggregate gross proceeds to Harvest of $40,000,192. Each unit shall consist of one subordinate voting share of the company and one-half of one subordinate voting share purchase warrant. Each warrant shall be exercisable into one subordinate voting share of the company at an exercise price of $3.05 per share for a period of 30 months from the closing date (as defined herein). If the daily volume-weighted average trading price of the subordinate voting shares of the company on the Canadian Securities Exchange for any 10 consecutive days equals or exceeds $4.97, the company may, upon providing written notice to the holders of the warrants, accelerate the expiry date of the warrants to the date that is 30 days following the date of such written notice. The company has granted the underwriters an option, exercisable, in whole or in part, at any time no later than the 30th day following the closing of the offering, to purchase up to an additional 15 per cent of the offering at the offering price for market stabilization purposes and to cover overallotments, if any. If the overallotment option is exercised in full, the total gross proceeds of the offering will be approximately $46-million. The units will be offered: (i) by way of a prospectus supplement to Harvest's short form base shelf prospectus dated June 24, 2020, of which the prospectus supplement will be filed with the securities commissions and other similar regulatory authorities in each of the provinces of Canada, other than Quebec; (ii) in the United States by way of a private placement, pursuant to the exemption from registration provided for under Rule 144A of the United States Securities Act of 1933, as amended; and (iii) in jurisdictions outside of Canada and the United States as are agreed to by the company and the underwriters on a private placement or equivalent basis. The net proceeds of the offering are expected to be used for working capital and general corporate purposes. The offering is expected to close on or about Oct. 28, 2020, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the CSE. About Harvest Health & Recreation Inc. Headquartered in Tempe, Ariz., Harvest Health & Recreation is a vertically integrated cannabis company and multistate operator. Since 2011, Harvest has been committed to expanding its retail and wholesale presence throughout the United States, acquiring, manufacturing and selling cannabis products for patients and consumers, in addition to providing services to retail dispensaries. Through organic licence wins, service agreements and targeted acquisitions, Harvest has assembled an operational footprint spanning multiple states in the United States. Harvest's mission is to improve lives through the goodness of cannabis. https://harvesthoc.com *Steve White* Chief Executive Officer Investor Contact: Christine Hersey, Director of Investor Relations +1 (424) 202-0210 chersey@harvestinc.com