|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.45 - 7.67|
|52 Week Range||3.60 - 10.85|
|Beta (3Y Monthly)||N/A|
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Harvest Health & Recreation, Inc. (CSE: HARV) (OTCQX: HRVSF) (“Harvest”), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., announced that CEO Steve White will deliver the keynote address at the 6th annual Cannabis World Congress & Business Exposition, May 30th at the Javits Center in New York City. President Steve Gutterman will kick off the conference’s investor symposium on May 31st and Director of Community Outreach Marc Ross will join a panel discussion on social equity partnerships and research also on the 31st. Steve White’s keynote, “Cannabis Investing Today and Tomorrow: Cutting through the Chatter and Focusing on Basic Financials/Growth Strategies,” will take place May 30th at 10:30 a.m. EDT.
The company offered unsecured convertible debentures at a price of $1,000 per unit. The debentures have a maturity date of May 9, 2022, and bear interest at 7 percent per year. Harvest said it plans to use the net proceeds from the offering to fund working capital and for general corporate purposes.
Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest” or the “Company”), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., is pleased to announce that it has closed the first tranche of its previously announced brokered private placement of 7% unsecured convertible debentures (the “Convertible Debentures”) of the Company, at a price of US$1,000 per Convertible Debenture (the “Issue Price”) for gross proceeds of US$100,000,000. Eight Capital is acting as agent for the offering. The Company intends to use the net proceeds of the offering to fund working capital and general corporate purposes.
PARAMUS, N.J., May 6, 2019 /PRNewswire/ -- Steve White, CEO of Harvest Health & Recreation, will deliver a Keynote Address, entitled: "Cannabis Investing Today and Tomorrow: Cutting through the Chatter and Focusing on Basic Financials/Growth Strategies," at the 6th Annual Cannabis World Congress & Business Exposition (CWCBExpo) taking place May 29 – June 1 at the Javits Center in New York City. White's Keynote will take place on Thursday, May 30th at 10:30 am. In his highly anticipated CWCBExpo address, he will provide a high-level view of the state of the cannabis industry, opportunities for growth and the current investment climate. CWCBExpo NY is the only event in the tri-state area focused on the entire legalized cannabis industry including medical marijuana, adult recreational use and industrial hemp.
Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”), a vertically-integrated cannabis company with one of the largest and deepest footprints in the U.S., announced the appointment of Alex Howe as head of corporate communications, effective immediately. Howe, the former President of Powerplant Global Strategies, the first strategic partnerships, communications and investor relations firm exclusively focused on the legal cannabis industry, will be responsible for managing and directing the company's internal and external communications and strategy, reporting to Harvest Chief Marketing Officer Kevin George.
This newly-introduced cannabis exchange-traded fund is holding 32 pot stocks -- but it's not nearly as diversified as it sounds.
Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) ("Harvest"), a vertically integrated and highly diversified cannabis company with a strong financial and growth profile, would become the largest multi-state operator (MSO) in the U.S. following closing of a definitive agreement signed on April 22, 2019 (the "Business Combination Agreement") to acquire (the "Transaction") Verano Holdings, LLC ("Verano"), as previously announced by press release dated March 11, 2019. Verano is one of the largest privately held multi-state, vertically integrated licensed operators of cannabis facilities with an extensive portfolio of premium branded products. Pursuant to the terms of the Business Combination Agreement, securityholders of Harvest and Verano will become securityholders in the combined company which will carry on the business of Harvest and Verano (the "Resulting Issuer").
Harvest Health & Recreation Inc (OTC: HRVSF ) reported fourth-quarter financial results Tuesday that include revenue growth of 135 percent on the year and 52 percent sequentially. What Happened The multistate ...
PHOENIX-- -- Total revenue for the three and 12 months ended December 31, 2018 increased 135% and 106%, respectively, from prior year. Total revenue for Q4 2018 increased 52% compared to Q3 2018. The Company continues to operate profitably; Adjusted EBITDA for the 12 months ended December 31, 2018 was $10.3 million . In 2018, successfully raised almost $300 million of funds, primarily consisting of: ...
"Thirty seconds for the market to open," a Toronto Stock Exchange representative said as the crowd started to clap, cheer and celebrate. It was the anniversary of the Evolve Marijuana ETF (TSX:SEED)(OTC:EVVLF) and they were celebrating being the best-performing equity ETF on the TSX in the last year.
NEW YORK , April 17, 2019 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the first quarter 2019 performance ...
Harvest Health & Recreation, Inc. will hold its Fourth Quarter 2018 earnings conference call on:
New assets and licenses in New Jersey, Pennsylvania, Maryland and Delaware extend Harvest’s unrivaled national U.S. presence allowing up to 213 facilities in 17 states and territories. Harvest to quickly bring leading brands/product lines, logistics and infrastructure from Falcon, CBx Enterprises and Verano to eastern retail and wholesale markets. Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., is pleased to announce it has entered into a binding, definitive agreement to acquire CannaPharmacy, Inc. (“CannaPharmacy”), subject to satisfaction of customary closing conditions, including receipt of regulatory approvals in the relevant states.
Cannabis stocks continued to trade in a holding pattern on Thursday, with investors awaiting the outcome of bipartisan legislation proposed in the House and Senate that would create protections for states that have legalized the substance for medical or recreational use.
Harvest Health & Recreation (HRVSF) has stated plans of becoming the largest cannabis company in the world. Investors might actually want to invest behind the company following the $850 million buyout of Verano considering the size of the U.S market relatively to the rest of the world.Massive U.S. Market Due to a cobbled together state-by-state approval of medical and/or recreational cannabis use, the stock market tends to forget that the U.S. market has the largest market size. This country might lack federal approval, but California alone is a larger market than the other countries, Canada and Uruguay, with both medical and recreational cannabis approved.The U.S. market in 2018 is estimated by Arcview Market Research to account for $11.0 billion out of the $12.9 billion global cannabis market. The U.S. market is set to control over 70% of the global market long into 2022 and beyond.The recent purchase of Verano by Harvest Health sets the stock up for one of the largest valuation in the domestic market with a market cap of around $4 billion.The company lacks the valuation of the large Canadian players on the major U.S. exchanges, but Harvest Health doesn’t lack for market opportunity.More ScaleThe Verano deal gets Harvest Health the scale needed to stick out from the crowded cannabis crowd. The company now competes with Curaleaf (CURLF) and Cresco Labs (CRLBF) for the most valuable U.S. cannabis firms.More importantly, Verano helps give Harvest the massive scale to attract investors and make a leap forward in their plan of becoming the largest cannabis company in the world. After the deal closes, Harvest will have licenses to operate up to 200 facilities in 16 states and territories (Puerto Rico), including 123 retail dispensaries. The company will have 70 dispensaries and 13 cultivation facilities operational by the end of 2019.Harvest Health already lists dispensaries in Arizona, California, Florida, Maryland and Pennsylvania with stores on the way in Massachusetts, Michigan, North Dakota and Ohio. One doesn’t need a lot of research to see access to even these limited states alone top the total market opportunity in Canada.Source: Harvest Health merger presentation As with a lot of the cannabis deals, the company provides sparse details on the acquired business other than being cash-flow positive operations with attractive cannabis licenses. For its part, Harvest Health has limited financials as well.Though, it doesn’t hurt to have a CCO with vast industry experience including the position of CEO of Pabst Blue Ribbon, a leading American beer company.TakeawayThe key investor takeaway is that Harvest Health & Recreation is on its way to becoming one of the most valuable global cannabis companies. The $850 million purchase of Verano helps accelerate that path, but the real key is the focus on domestic expansion and acquisitions where the market is quickly developing into the most valuable market in the world by far.The stock has rallied from below $6 right before the merger announcement on March 11 to over $10 now. The stock is up over 70% in the matter of a month suggesting investors might want to let the stock cool off before looking for a long-term investment. Ultimately though, investors should favor backing a large company in the largest cannabis market trading at a fraction of a Canadian stocks needing massive international expansion in order to justify their stock prices.To read more on the nitty gritty of what’s going on in the rising cannabis industry, click here. Disclosure: The author has no position in HRVSF. The information contained herein is for informational purposes only. More recent articles from Smarter Analyst: * Another Big Win for Advanced Micro Devices (AMD) Stock * Acreage Holdings Appears to Be Cashing out at the Wrong Time into the Wrong Stock * Ahead of Earnings, Analyst Sees Some Challenges in Aurora Cannabis (ACB) Stock * J.P. Morgan Still Sees Doom And Gloom in General Electric (GE) Stock; Here’s Why
Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., today announced that it has entered into an engagement agreement for a brokered private sale of up to 500,000 convertible debentures (the “Debentures”) of Harvest, at a price of US$1,000 per Debenture, for gross proceeds of US$500 million (the “Offering”). The Offering is intended to be closed in five tranches of 100,000 Debentures per tranche, over a period of not more than 18 months. The net proceeds of the Offering will be used by Harvest for working capital and general corporate purposes. The first tranche of the Offering is expected to close on May 1, 2019 and subsequent tranches are issuable at the option of Harvest, subject to certain conditions. Concurrently with the engagement agreement, Harvest also entered into an agreement with a lead investor (the “Lead Investor”) to subscribe for the full amount of the Offering (the “Agreement”).
Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., announced the opening of its first California cannabis dispensary in Napa, which is the city’s first medical cannabis location to open its doors to patients. Pending finalization of an acquisition of Falcon International Corp.—the state’s leading operator in logistics serving more than 80 percent of dispensaries—Harvest will hold California licenses California for state-wide distribution, cultivation and manufacturing.
HENDERSON, NV / ACCESSWIRE / April 2, 2019 / According to a new report from Zion Market Research, the global cannabis beverages market was at approximately USD 1.6 billion in 2018 and is expected to generate ...
POINT ROBERTS, Wash. and DELTA, British Columbia, March 26, 2019 -- Investorideas.com, a leading investor news resource covering hemp and cannabis stocks continues with our two.
CORAL GABLES, FL / ACCESSWIRE / March 25, 2019 / The marijuana stock market has endured a whirlwind of volatility over the course of the last few years but in the first few months of 2019, companies in the cannabis sector have managed to stay strong through bearish periods of trading. It seems as though a significant portion of the changes taking place in the marijuana industry is directly connected to the recent push from the public who are insisting that lawmakers pass positive cannabis legislation. Whereas in the past cannabis was largely condemned, nowadays, consumers are well-versed in the potential health benefits of cannabis products, and the general feeling towards the cannabis sector is shifting in a positive direction.