AP NEWS

Harvest Health & Recreation Inc. Announces Chief Financial Officer

December 4, 2018

PHOENIX--(BUSINESS WIRE)--Dec 4, 2018--Harvest Health & Recreation Inc. (CSE: HARV), a public vertically integrated cannabis company with permits and licenses in 11 U.S. states, announced the appointment of Leo Jaschke as the chief financial officer (CFO), effective immediately. Jaschke will be a key member of the executive team, reporting to Harvest Health & Recreation Inc. (Harvest) Chief Executive Officer (CEO) Steve White.

“Leo brings integrity, people skills, a strong work ethic and a depth of experience to Harvest,” said Harvest CEO Steve White. “Leo is an operational finance, accounting and private equity veteran, who shares our values, vision and knows our business well. We are excited to have him with us as we take important next steps as a public company to grow and move the company forward.”

Jaschke comes to Harvest from WTRMLN WTR™ where he served as CFO. At WTRMLN WTR™, Jaschke led the company’s financial operations, managed all financial functions and supported the CEO and Board of Directors in executing the company’s strategic vision.

Prior to WTRMLN WTR™, Jaschke served as vice president of finance and then CFO of MBHE Holdings (MBHE) from 2006 to 2016, where he was responsible for managing the financial functions of MBHE and its portfolio companies, including accounting, finance, tax, treasury, risk management and forecasting and budgets.

Previous to that, he was the director of finance, treasury and risk management for Ultimate Electronics, a former NASDAQ-listed specialty retailer of consumer electronics with $400 million system-wide revenue and 32 retail stores.

“I’ve worked with and known Leo for 15 years,” said Harvest President Steve Gutterman. “He has a superior blend of skills and experience, and he is the perfect person to lead our growing finance team.”

About Harvest Health & Recreation Inc.

Harvest Health & Recreation Inc. (Harvest) is one of the first consistently profitable, public vertically integrated cannabis companies with one of the largest footprints in the U.S. Harvest’s complete vertical solution includes industry-leading cultivation, manufacturing and retail facilities, construction, real estate, technology and operational expertise — leveraging in-house legal, HR and marketing teams, along with proven experts in writing and winning state-based applications. The company has 425 employees with proven experience, expertise and knowledge of in-house best practices that are drawn upon whenever Harvest enters new markets. Harvest’s executive team is comprised of leaders in finance, compliance, real estate and operations. Since its founding in 2011, Harvest has grown its footprint every year and now has licenses in 11 U.S. states, with planned expansion into additional states by 2020. Harvest shares timely updates and releases as part of its regular course of business with the media and the interested public. For more information, visit: https://www.harvestinc.com/.

Forward Looking Information

Certain statements in this press release are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may,” “should,” “will,” “could,” “intend,” “estimate,” “plan,” “anticipate,” “expect,” “believe” or “continue,” or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, information concerning the listing of the Subordinate Voting Shares, including whether conditions to the listing of the Subordinate Voting Shares will be satisfied, expectations for the effects of the Business Combination or the ability of the combined company to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Those assumptions and factors are based on information currently available to the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: ability to obtain requisite regulatory approvals and the satisfaction of other conditions to the listing of the Subordinating Voting Shares; the potential impact of the announcement of the consummation of the Business Combination on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the Business Combination. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking statements and forward-looking information. The forward-looking information contained in this release is made as of the date hereof and the Company assumes no obligation to update or revise any forward looking statements or forward-looking information that are incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181204005633/en/

CONTACT: Media Contact:

Ellen Mellody, 570-209-2947

ellen@powerplantstrategies.com

KEYWORD: UNITED STATES NORTH AMERICA CANADA ARIZONA

INDUSTRY KEYWORD: HEALTH ALTERNATIVE MEDICINE NATURAL RESOURCES AGRICULTURE RETAIL SPECIALTY

SOURCE: Harvest Health & Recreation Inc.

Copyright Business Wire 2018.

PUB: 12/04/2018 09:06 AM/DISC: 12/04/2018 09:06 AM

http://www.businesswire.com/news/home/20181204005633/en

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