Harvest Health & Recreation, a vertically integrated cannabis company, failed to acquire Falcon International, a cannabis company and operates in cultivation, manufacturing, wholesale distribution and brand development. Financial terms were not disclosed. “Our agreement to acquire Falcon accelerates our expansion into the state and adds brands that were successful in the most competitive market in the country for product development," Jason Vedadi, Harvest Executive Chairman. In January 2020, the merger agreement was terminated and the parties entered arbitration to resolve disputes related to the merger agreement. On March 15, 2021 Harvest announced the settlement of its dispute on mutually agreeable terms. In accordance with the settlement terms, Harvest now owns 10% of Falcon. Each share comes with a 10-year warrant entitling Harvest to two common shares of Falcon at an exercise price of $1.9, subject to customary anti-dilution adjustments.