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Harvest One Announces Review of Strategic Alternatives
Harvest One Announces Review of Strategic Alternatives Canada NewsWire VANCOUVER...
About this update from Delivra Health Brands Inc
[{"type":"text","content":"\n\n\n\nHarvest One Announces Review of Strategic Alternatives\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 12, 2020\n\n\n\nVANCOUVER, Feb. 12, 2020 /CNW/ - Harvest One Cannabis Inc. (\"Harvest One\" or the \"Company\") (TSX-V: HVT; OTCQX: HRVOF) announced today that its Board of Directors has initiated a process to evaluate a range of strategic alternatives available to the Company (the \"Strategic Review\"). Mackie Research Capital Corporation and AltaCorp Capital Inc. have been appointed to act as exclusive financial advisors to the Company with respect to the Strategic Review. \n\n \n \n\n \nHarvest One has re-focused its business on brand development, innovative new products and sales channels which will position the Company for success by leveraging its established distribution channels in North America and Europe.  The Company continues to execute on its plan to drive growth through its portfolio of Cannabis 2.0 lifestyle and wellness products. Going forward, the Company's main focus will be Satipharm, a medical and nutraceutical manufacturer; as well as Dream Water Global and Delivra, both consumer goods producers. The Company also owns United Greeneries, a Licensed Producer, and holds a controlling interest in Greenbelt Greenhouse (cultivation and extraction) and a minority interest in retailer Burb Cannabis (retail).\nThe Board of Directors has appointed a special committee of independent directors (the \"Special Committee\") to oversee the Strategic Review. \nFrank Holler, Chairman of the Board of Directors of the Company, stated: \"Our Board has determined that it is prudent at this time to undertake the Strategic Review in order to ensure that all available alternatives for the Company are being evaluated to maximize value for our shareholders. As the Special Committee conducts its review, we remain focused on executing on our strategy and continuing day to day operations as usual.\"\nMMJ Group Holdings Limited (\"MMJ\"), Harvest One's largest shareholder, advanced a bridge loan of $2.0 million to the Company on Jan...