Business
Pure Harvest Corporate Group Engagement of Strategic Consulting Firm and LOI for a New Colorado Acquisition
Pure Harvest Corporate Group Engagement of Strategic Consulting Firm and LOI for a New Colorado Acquisition.
About this update from Pure Harvest Corporate Group, Inc
[{"type":"text","content":"\n GREENWOOD VILLAGE, CO, Nov. 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Pure Harvest Corporate Group, Inc. (OTCQB: PHCG), a vertically integrated consumer products holding company, is excited to announce the engagement of GF Consulting, LLC and the entering into a letter of intent with Green Farms, LLC, a vertically integrated medical cannabis operator located in Colorado Springs, CO. “Just one year after entering the cannabis industry, Pure Harvest is ready to expand its footprint in Colorado and apply everything we’ve learned towards growing our presence in one of the oldest legal cannabis markets in the country,” said Matthew Gregarek, CEO of PHCG. “We believe this strategic partnership with Green Farms and GF Consulting will allow us to identify suitable acquisition targets and rapidly increase the scope of our operations in Colorado. We are very excited to work with the GF Consulting team to build our portfolio of Colorado cannabis operations.” PHCG has entered into an agreement with GF Consulting, LLC to assist with identifying acquisition targets for a roll up of Colorado cannabis businesses under PHCG’s wholly owned subsidiary, Pure Harvest Colorado, LLC. Management’s goal is to combine multiple Colorado cannabis businesses under a single, publicly traded entity to increase sales, profits, and shareholder value. GF Consulting, with its wide range of Colorado cannabis industry contacts, is perfectly suited to help PHCG identify acquisition targets for the planned Colorado roll up. “We are very happy to start working with Pure Harvest to develop and implement their roll up strategy here in Colorado,” said John Long, managing member of GF Consulting, LLC. “We’ve been looking at a similar play in this market for several years and I believe Pure Harvest is the perfect partner to build with.” GF Consulting is a cultivation-centric services group led by cannabis industry veteran John W. Long, Jr. who is supported by a team of experienced cannabis industry professionals with a wide range of expertise. The GF Consulting team brings a large rolodex of industry contacts to the table along with more than 20 years of experience in designing, building, and managing cultivation operations. In conjunction with the GF Consulting agreement, Pure Harvest h...