Jan 12, 2019 microsmallcap

Harvest Health And Recreation Inc. Acquires CBx Enterprises

Partnership to Bring Award-Winning Products from Evolab and CBx Sciences to Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) Stores across Eight States and One of Largest Footprints in the World.

DENVER & PHOENIX–(BUSINESS WIRE)–Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF), a vertically integrated cannabis company with one of the largest footprints in the United States, announced the acquisition of CBx Enterprises (“CBx”), whose technology is utilized by Evolab, CBx Sciences and CBx Essentials.

Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) (“Harvest”) now holds exclusive national rights to CBx’s intellectual property, including all technology, methodologies, trademarks and formulations.

“CBx has established itself as the dominant leader in cannabis product development, research and innovation, and our partnership is a game-changer for expansion,” saidHarvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) Chairman Jason Vedadi. “Working with the CBx team will allow us to radically slash the lengthy and costly product development cycles in each new market that we enter and can now immediately offer some of the most trusted products in the cannabis industry. Bringing CBx’s team and products to Harvest Health & Recreation Inc.’s (CSE:HARV) (OTCQX:HTHHF) robust and aggressive portfolio of retail operations combines two of the most effective names in cannabis.”

CBx’s CO2 extraction, distillation, purification and manufacturing solutions – which brands such as Evolab utilize – are unrivaled in the cannabis industry and will be the cornerstone of all Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) production facilities. The company has an in-house analytical and product development laboratory headed by Noel Palmer, Ph.D., which has helped create top industry-first products, including the first CBG and Delta-8-THC offerings in Colorado.

“Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) has created a vast infrastructure already reaching nearly every major medical and adult-use cannabis market in the U.S.,” said Nicole Smith, CEO, CBx Enterprises. “This arrangement will allow us to ensure that patients and consumers across the country have access to premium, consistent products based on our years of experience and award-winning technologies.”

CBx’s technology is used in Evolab’s product lines including Chroma™, Alchemy™, Colors and FreshTerps™, which established reputations as some of the most innovative cannabis products in the legal market and have been recognized in many cannabis industry award programs such as the Cannabis Business Awards, High Times Cannabis Cup, Hemp Connoisseur Championship and others.

CBx Sciences has introduced a unique line of therapeutic cannabis topicals, vapes and Gems featuring rare cannabinoids such as CBG and CBN paired with complementary botanical ingredients. CBx also recently announced a hemp-derived product line, CBx Essentials, available for distribution nationwide.

CBx Sciences and Evolab products will be available at Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) locations beginning later this year and are currently available at hundreds of medical and adult-use locations across Colorado.

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