VANCOUVER, British Columbia--(BUSINESS WIRE)--$HARV #HARV--On November 14, 2018, Harvest Health & Recreation Inc. (formerly,
RockBridge Resources Inc., the “Issuer”), located at 627 S 48th
St, Ste 100, Tempe, AZ 85281, and Harvest Enterprises Inc. (“VCP”)
completed its previously announced business combination (the “Business
Combination”), to create a U.S. based cannabis cultivator, processor
and dispensary operator.
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Jason Vedadi (the “Acquiror”), Chairman of the Issuer, located at
627 S 48th St, Ste 100, Tempe, AZ 85281, announced today that in
connection with the Business Combination, the Acquiror, together with
his joint actors, acquired beneficial ownership or control or direction
over 2,000,000 Super Voting Shares, which represent 50% of the Class and
485,098 Multiple Voting Shares, which represent 23% of the Class. The
Super Voting Shares were issued at a value of US$6.55 and Multiple
Voting Shares were issued at a value of $655 per share. Immediately
prior to the Business Combination, the Acquiror and his joint actors
owned or controlled no securities of the Issuer.
Each Super Voting Share is entitled to 200 votes per share and is
convertible into one Subordinate Voting Share, and each Multiple Voting
Share is entitled to 100 votes per share and is convertible into 100
Subordinate Voting Shares. In connection with the acquisition, the
Acquiror agreed to a 5-year contractual lock-up with the Issuer, with
10% release from such lock-up every 6 months, and subject to release in
certain other circumstances.
For further information, please contact Investor Relations, Harvest
Health & Recreation Inc., investors@harvestinc.com,
Phone: 480-382-6110.
This press release is issued pursuant to National Instrument 62-103 – The
Early Warning System and Related Take-Over Bid and Insider Reporting
Issues, which requires a report to be filed on SEDAR (www.sedar.com)
containing additional information with respect to the foregoing matters.
A copy of this report may be obtained by contacting Investor Relations,
Harvest Health & Recreation Inc., Investors@Harvestinc.com,
Phone: 480-382-6110.
Contacts
Alex Howe for Harvest Health & Recreation Inc.
202-271-7997