CNW Group

VANCOUVER, BC, June 29, 2020 /CNW/ - Harvest One Cannabis Inc. ("Harvest One" or the "Company") (TSX-V:HVT.V - News) (OTCQX:HRVOF - News) is pleased to advise that it has entered into an agreement with MMJ Group Holdings limited ("MMJ") dated June 29, 2020, pursuant to which MMJ has agreed to defer the repayment of its secured loan to Harvest One in the amount of $2.0 million (the "Loan") until the earlier of: (i) August 31, 2020; and (ii) the closing or termination of the previously announced sale of United Greeneries' licensed cannabis cultivation and processing businesses located in Duncan, British Columbia. MMJ is the largest shareholder of the Company holding approximately 26% of the issued and outstanding shares of the Company.