Harvest Health & Recreation Inc. Completes First Tranche of Private Placement Offering of Convertible Debentures for US$500 Million

May 13, 2019

Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis company with one of the largest footprints in the U.S., has completed the first tranche of a US$500 million brokered private placement of unsecured convertible debentures at a price of US$1,000 per convertible debenture for gross proceeds of US$100 million. The convertible debentures will mature on May 9, 2022 and will accrue interest at the rate of 7.00% per annum. Eight Capital is leading the offering.

Wildeboer Dellelce LLP acted for Eight Capital in connection with the offering with a team that consisted of Perry Dellelce, Peter Volk, Patricia Good, Melissa Smith and Jessica Coco (corporate/securities).