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Harvest Health & Recreation Inc. (HARV.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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2.3700-0.0500 (-2.07%)
At close: 3:59PM EST
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  • B
    Bruce
    Maybe I'm missing something here! But, Prop 207 passed in Arizona. Recreational use is legal, HRVSF all ready has 13 stores in Arizona. Sales should explode in Feb. 2021.
    Bullish
  • L
    Long-John
    @Paulino are you concerned with the debt burden of Harvest?
  • P
    Paulino
    1.7us support..... will be adding a little there
  • S
    STARWOOD
    This needs to break 2 bucks and stay above it to get support to move higher!
  • E
    Elias
    Loading my shares, I feel like it’s my last chance to average down before the next wave of good news.
    Bullish
  • D
    Dino
    Well one more of their litigations appears to be on its way to being settled!!! (Interurban). Looks like they will get more cash and also lower the share count. Nice🤙🏼
  • W
    William
    What does the Ontario lottery post have to do with harvest
  • D
    Deckard
    Reading these posts makes me pause and think about where Harvest is right now and in my opinion it’s in a much better position than it was in 2019. By far! No question this company made some moves and had deals fall through which caused significant damage. What I’ve seen after two quarters is a dramatic shift towards being a profitable business. They dramatically cut expenses, improved revenue and paid debt down from $348 mil (Yahoo Finance) in Q2 to $294 mil in Q3. Debt is a problem but with additional rec sales starting next year they should be able to make more payments.

    This company is not GTI and it doesn’t have to be. Own GTI if you like. I own a lot of these companies but I will say Harvest has turned around. It can be a much better company with rec sales next year. To do $61 million with medical is pretty impressive so the debt they have with out rec sales.

    These past two quarters are showing a more focused approach and a better execution of their strategy. If these two quarters are the indication this company is improving and moving in the right direction. Rec sales only makes it better for them.
    Bullish
  • E
    Elias
    We closed positive, that’s amazing... nice comeback on the day.
    Bullish
  • J
    Johnny
    So can anyone clarify for me exactly what Harv received from the Interurban merger for the approx. 472k multiple voting shares issued (total minus what was settled back) and the 12 mil over 5 years? I'm having trouble seeing benefits from this settlement.
  • M
    Michael
    IMO the results were excellent. In the midst of all the upheaval Quarterly revenue growth was solid up 11%, net loss went from almost $19M to $2M which is FANTASTIC. They increased their revenue target to "greater than $225M". Every indication is the stock is doing great and with prop 207 passing and fresh cash on hand I forecast the stock to significantly increase in 2021.
  • D
    David
    Columbia Care's revenue at 54 million compared to Harvest 61 million and Columbia Care has like 79 locations including 23 locations in Colorado and 14 locations in Florida and they do not even do as much revenue as GTI 6 stores. To me Harvest is much better then Columbia, share price should reflect that.
    Bullish
  • C
    Charluttes
    What do you all think the average interest rate on Harvest's debt is? 20%? That is 60 million a year??? There brining in 225 Million at ~40% margins. That's 90 million profit. Of that profit 2/3 is going to service debt.
  • M
    Michel
    Do you think the US market will jump as much as the Canadian stock. look at CGC, Tilray & others after hours numbers. If the same happen to the US, we should see a nice ride tomorrow. Maybe because of the concession of the victory from the Republicans.
  • C
    Chad
    Why so quiet on here all of a sudden?
  • L
    Len
    KSHB, best buying opportunity in Cannabis field.
  • k
    kc
    By Q4 2021 medical and az Rec harvest will be doing almost 100million a quarter. Any safe banking bill will take care of that debt on much better terms. Company has now huge upside.
  • C
    Corey
    Do you think this stock will benefit from recreational legalization in AZ?
  • T
    Tom C
    Harvest Heath's business model is similar to Trulieve ..........Harvest will rock in 2021
    Bullish
  • E
    Elias
    Im actually shocked 86% year over year growth!!!