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Harvest Health & Recreation Inc (OTCMKTS: HRVSF) Opens its Sixteenth Arizona Dispensary, and THC Biomed Intl Ltd (OTCMKTS: THCBF) Announces Closure of a Non-brokered Private Placement of Convertible Debentures

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Harvest Health & Recreation Inc (OTCMKTS: HRVSF) in a statement, announced the opening of its new dispensary in Arizona. The cannabis company’s new store will cater to adult customers and serve medical patients. 

This is the second Mesa dispensary is the 16th in Arizona opened by the company

The opening of the Mesa dispensary makes it the 16th store in Arizona opened by the company. Harvest Health & Recreation Inc has dispensaries in locations like Avondale, Casa Grande, Chandler, Cottonwood, Glendale, Guadalupe, Havasu, Peoria, Phoenix in two areas, Scottsdale and one which is already functional in Mesa. 

Arizona is one of the core markets for Harvest Health & Recreation Inc

Calling Arizona one of the core markets for the company, Steve White, Chief Executive Officer of the corporate house, mentioned that the company is excited to open its sixteenth Harvest stores in its home state. The new dispensary will serve patients and consumers who are over 21 years old. 

Based out of Tempe, Arizona, Harvest Health & Recreation Inc. is a cannabis company that operates in many states in the U.S. The mission of the corporate house is to enhance the lives of people through cannabis. The organization aims at expanding its presence across the U.S. by acquiring, making, and selling cannabis products to customers for medical and recreational uses. 

THC Biomed Intl Ltd (OTCMKTS: THCBF) announced the latest update on convertible debentures

THC Biomed Intl Ltd (OTCMKTS: THCBF) is back in the news. The company has announced it has closed a non-brokered private placement of convertible debenture. According to a source, the closure was made for a sum exceeding $200 thousand. 

The debentures are dated October 23, 2019, and they come with a one-year term period. An interest of 10% is calculated annually, and the interest amount is payable quarterly in arrears. If elected by the holder, the debenture can be converted into common shares for a value of $0.20 for each stake at any given time. 

A source from the corporate house stated that the debenture proceeds would be used to scale up the company, and a part of the money will be utilized as general working capital.

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