Harvest Health & Recreation Inc. (OTC: HRVSF)Ayr Wellness Inc.
In particular, Ayr Wellness Inc. has been expanding rapidly making significant acquisitions in key markets across the US cannabis industry. Last month Ayr opened 3 new retail locations in Florida where it now has the fourth-largest footprint. With the new locations, Ayr has 34 dispensaries in the state and a total of 50 stores nationwide. In its most recent financials, the companyâs full-year 2020 revenue was up 48% year over year to $47.8 million. Ayr also provided guidance for 2022 which includes a target revenue of $725 million and adjusted EBITDA of $325 million. Ayr celebrated this 4/20 with record sales of $1.24 million for the day and over 14,200 transactions.
A pair of Canadian private equity firms named in a man's sprawling racketeering suit alleging cannabis companies Verano Holdings LLC and Harvest Health & Recreation Inc. were responsible for his arrest have asked a federal judge in Colorado to dismiss the case or put it on hold so it can be handled via arbitration.
PE Firms Want Out Of Pot RICO Suit Against Harvest, Verano law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
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Harvest Health Faces Sex Discrimination Suit in Pennsylvania
Law360 (April 28, 2021, 5:06 PM EDT) Pot giant Harvest Health & Recreation Inc. faces allegations of sex discrimination and retaliation from a former employee who claims that in the early days of the coronavirus pandemic, he was unfairly fired right after the industry s busy 4/20 holiday.
In the action filed Tuesday in federal court in Allentown, Pennsylvania, Noel Goodwin claimed that in early April 2020, the general manager of the dispensary he worked at in Reading, Pennsylvania, promoted him to assistant manager, telling him in a text message that she picked him for the job because she thought that his colleagues, all of whom were women, would.
Harvest Health Faces Sex Discrimination Suit in Pennsylvania law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.