MJ Biz reports this morning that Phoenix (AZ)-based multistate marijuana operator Harvest Health & Recreation is in litigation with Interurban Capital Group, the former owner of the Have a Heart dispensary group that Harvest acquired in March for $85.8 million.
Harvest CEO Steve White unveiled that news during his company’s quarterly results call on Tuesday.
White said Harvest and Interurban entered the acquisition discussions in good faith.
“We anticipate we will ultimately prevail with that litigation,” White said during the quarterly call.It was only after the transaction was closed that disagreements arose, he noted.
No specific details about the litigation were released. Interurban officials weren’t immediately available for comment.
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Cannabis firm Harvest Health admits to litigation over Interurban purchase
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Originally posted on Harvest Health admits they are in litigation over Interurban purchase via Cannabis Industry News
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