Harvest: The Not-So-Obvious reasons CEO White is Selling to Trulieve

by | May 24, 2021 | Company Analysis, M&A / Capital Raise

This was previsouly exclusive to Premium Members until August 8, 2021, when it was published to Free Members.

Why is Harvest selling to Trulieve?

Or more accurately, why is CEO Steve White selling to Trulieve, since his is the only vote that matters given that his supervoting stock (with 200 votes and 1 economic unit) gives him 52% of the vote with only 6% of the economics of Harvest?

We know the publicly stated reasons for scale, and we look into the impact on Trulieve (and lack of impact on the industry) here, but based on the filings and some math on the stock data, we think the less obvious reasons are: