William Gay (Of Counsel-Los Angeles) was quoted in “The Harvest/Verano Acquisition,” an article published by Marijuana Venture on March 20, 2019. Under discussion was Harvest Health & Recreation’s acquisition of Verano Holdings for the “jaw-dropping price tag of $850 million,” the largest single acquisition in cannabis history. “In this case,” commented Bill, “Harvest is the publicly traded company and Verano is private, so Harvest would be looking very closely at Verano because they haven’t been a reporting company.” He added, “The organic R&D assets, such as genetics or any cannabis material, are much more limited in potential, because federal illegality forbids cannabis from being transferred across state lines. … If Verano has technology in breeding or whatever it is that is of interest to Harvest, they are going to have to figure out how to do that without transferring any clones or seeds,” he said. 

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