Harvest One Cannabis Inc. (TSX-V: HVT; OTCQX: HRVOF) announces that it has entered into an agreement with MMJ Group Holdings limited dated June 8, 2020, pursuant to which MMJ has agreed to defer the repayment of its secured loan to Harvest One in the amount of $2.0 million until July 17, 2020, in continued support of the Company’s previously-announced Strategic Review initiatives. MMJ is the largest shareholder of the Company holding approximately 26% of the issued and outstanding shares of the Company.
Harvest One is a global cannabis company that develops and provides innovative lifestyle and wellness products to consumers and patients in regulated markets around the world. The Company’s range of lifestyle solutions is designed to enhance quality of life. Shareholders have significant exposure to a broad cannabis value chain through its wholly-owned subsidiaries: United Greeneries, a Licensed Producer; Satipharm (medical and nutraceutical); and Dream Water Global, and Delivra (consumer); as well as a controlling interest in Greenbelt Greenhouse.
