Cycle Energy Industries Inc. signed an agreement to acquire Harvest Petroleum, Inc. for $1 million on July 14, 2020. Under the terms of the agreement, Cycle Energy Industries Inc. will purchase all of the issued and outstanding shares of Harvest Petroleum Inc. with a combination of cash, common stock and preferred shares. As part of the transaction, Robert Harvey will join the board of directors of Cycle Energy Industries Inc.

Cycle Energy Industries Inc. cancelled the acquisition of Harvest Petroleum, Inc. on June 6, 2022.