Harvest Health and Recreation to acquire GreenMart of Nevada from MJardin Group for $35m.

Harvest DCP of Nevada, Cheyenne Holdings, a division of Harvest Health and Recreation, agreed to acquire GreenMart of Nevada, which possesses a Nevada Marijuana Cultivation Facility License and operates the cultivation facility at 5421 E. Cheyenne, Nevada, from MJardin Group for a total consideration of $35m in cash. "We are pleased with the return on our investment at Cheyenne. The proceeds from the Transaction significantly reduce our debt while strengthening our financial position towards funding our working capital requirements in 2020. We are starting the new year on stronger footing with a clear view on accomplishing our profitability targets based on all of our key assets coming online," Pat Witcher, MJardin President and CEO.