Harvest Health notes will be redeemed by Trulieve Cannabis

Chicago, Oct. 8 – Harvest Health & Recreation Inc. issued a notice of redemption for certain notes due to its acquisition by Trulieve Cannabis Corp. on Oct. 1, according to an 8-K filing with the Securities and Exchange Commission.

Using proceeds from a new offering of notes, Trulieve will redeem Harvest Health’s $93.2 million 15% senior secured notes due Dec. 19, 2022 and its $42.4 million 9¼% senior secured notes due Dec. 19, 2022 on Oct. 21.

The notes will be redeemed at par plus any interest due.

Additionally, on Oct. 1, Harvest redeemed all of the outstanding 7% convertible debentures due May 9, 2022 at 104 plus interest.

The total price for all three redemptions is $247 million.

Harvest is a Tempe, Ariz., multistate cannabis company. Trulieve is a vertically integrated seed-to-sale medical cannabis company based in Tallahassee, Fla.

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