Harvest Health & Recreation Inc. /zigman2/quotes/207218380/delayed HRVSF -1.37% /zigman2/quotes/201825604/delayed CA:HARV -2.65% said Monday it is acquiring the only licensed cannabis dispensary in Casa Grande, Arizona. The company said it is acquiring Leaf Life in a deal that includes the dispensary, which is located in Casa Grande. "Arizona is the third largest medicinal cannabis market in the United States, yet too many in our communities still do not have adequate access to dispensaries that offer the high-quality medicinal products and expert staff required to improve patient education and treatment outcomes," said Harvest Executive Chairman Jason Vedadi. The stock was not yet active premarket, but has gained 14.8% in 2019, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.49% has gained 19.3%.
An earlier version of this report failed to include the location of Casa Grande. It has been corrected.