Business
Pure Harvest Enters Michigan Market via Partnership with Cannabis Processor HSII
Pure Harvest Enters Michigan Market via Partnership with Cannabis Processor HSII.
About this update from Pure Harvest Corporate Group, Inc
[{"type":"text","content":"\n Acquisition to Give Pure Harvest Ownership and Expanded Distribution for Pure Harvest Product Line DENVER, CO, March 24, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Pure Harvest Cannabis Group, Inc. (OTCQB: PHCG), an emerging cannabis and hemp-CBD holding company, is pleased to announce that the Company has entered into an agreement to acquire fifty-one percent (51%) of the outstanding membership interests in How Smooth It Is, Inc. (\"HSII,\") a Michigan state-licensed medical marijuana processor based in Riverdale, Michigan. The acquisition is subject to PHCG pre-qualification and approval of the Michigan Department of Licensing and Regulatory Affairs (LARA). HSII plans to offer a wide range of cannabis-infused products including chocolate bars, gummies, beverages, and other Pure Harvest branded products from its 5,800 square foot facility. HSII has the capability of extracting, processing and manufacturing an array of products containing THC and CBD, providing Pure Harvest a nearly unlimited potential product offering under the Pure Harvest brand. HSII has also submitted applications for four dispensary licenses in Riverdale, White Cloud, Alma, and Mount Pleasant, MI. Upon approval, the HSII dispensaries would join Pure Harvest’s recently announced planned acquisition of SKM.  SKM is a vertically integrated cannabis operator located in Dumont, CO and has recently received approval to move its dispensary to a corner location along the busy I-70 corridor between Denver and Colorado’s world-class ski destinations. “We have worked tirelessly to secure this fantastic asset for our portfolio and to expand the Pure Harvest brand to the great State of Michigan,” stated Matthew Gregarek, CEO, Pure Harvest Cannabis Group. “We will soon be in play in two vast and well-regulated cannabis states.” “Most importantly, we are able to greatly expedite the distribution and brand awareness for our Pure Harvest cannabis product line,” added Gregarek. “Pure Harvest will be featured, promoted and monetized throughout Michigan allowing us to advance the brand while enjoying the margins that can come with selling your own products rather than entirely relying on outside sources.” About Pure Harvest Cannabis Group Pure Harvest Cannabis Group, Inc. (OTCQB: PHCG) is a publicly-tra...