US: Company turns modest investment into large cannabis footprint

It isn't often that one looks at a company and it's as though they have thought of everything, with no obvious gaps to fill, no apparent weaknesses. That's the impression one gets speaking with Steve White, Chief Executive Officer of Harvest Health & Recreation (CSE:HARV). A lawyer before making the leap into running a cannabis company some eight years ago, White is adept at navigating challenging regulatory environments and communicates with the tone of a professional who knows he's at the top of his game.

A commitment from a single investor last month to fund the company with up to US$500 million is just the latest sign that Harvest has not only a great track record, but also the vision and ability to execute that separates winners from also-rans in any industry. Public Entrepreneur spoke with White recently about his philosophy on building a successful business in the cannabis sector, and a recent acquisition that will give Harvest the largest presence in the United States cannabis industry.

"We started in Arizona in 2011, so we were really early in the cannabis industry compared to many others in the space today. In terms of key milestones, in 2012 we won two licenses in Arizona. Those were vertically integrated licenses. What's important here is Arizona became a helpful training ground for us. We had to get good at cultivating, manufacturing and retailing cannabis - seed to sale. It was completely by happenstance that it was a teaching moment for the future of our growth and ability to master the various aspects of the industry."

Read more at proactiveinvestors.com.hk


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