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Tag Archives: Berks

Cannabis operator closes on $25.5M Franklin Labs acquisition

Harvest Health & Recreation, a Tempe, Arizona–based multi-state cannabis operator, said it closed on the acquisition of Franklin Labs LLC, a subsidiary of CannaPharmacy, for about $25.5 million. The acquisition, payable with $15.5 million in cash and a $10 million promissory note, includes a 46,800-square-foot cultivation and manufacturing/processing facility in Reading.

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PIDA approves $400,000 loans for 2 Berks County farms

The Pennsylvania Industrial Development Authority approved two economic development loans for $400,000 each for projects in Berks County. One loan will help RanShar Farms in Tilden Township. The other loan was granted to Nevin and Stella Burkholder for the acquisition of a 102 acres at 1302 Pleasant Hill Road, Maidencreek Township.

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