Cannabis website Mugglehead are reporting on one SF Cannabis businessman caught up in the on then off High Times Harvest retail deal. It all sounds very murky to us……….
They write..
The CEO of a planned San Francisco cannabis store says his pending permit has been illegally flipped and sold three times, all within a recent two-month span.
Alexis Bronson alleges that the latest shady transaction involving his store has taken place in the blockbuster deal between High Times and multi-state operator Harvest Health & Recreation Inc. (CSE: HARV).
On April 28, Hightimes Holdings Corp., the parent company of the long-running cannabis culture magazine, said it will buy more than a dozen California dispensaries from Arizona-based Harvest Health in a mostly stock-based deal worth US$80 million.
But experts say High Times has been navigating several feeble attempts to drum up equity over the last three years and likely doesn’t even have the funds to buy the stores.
Bronson alleges the deal is nothing more than an ‘elaborate pump and dump scheme’ between the two enterprises. He says he didn’t even have knowledge that his dispensary was one of the 13 in the announced agreement until a local reporter informed him that day.
What made Bronson’s blood boil further was when he saw High Times chairman Adam Levin quoted in Bloomberg News, touting his weed shop as the crown jewel in the deal because it’s located in San Francisco’s ritzy Union Square shopping district next to a Chanel store.
More at https://mugglehead.com/san-francisco-dispensary-ceo-alleges-foul-play-in-high-times-pot-shop-deal/
