|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.4700 - 2.6200|
|52 Week Range||2.0400 - 10.8500|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
PHOENIX, Oct. 10, 2019 /PRNewswire/ -- 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 today that Andrew S. Luadzers will join the company as Senior Counsel, Labor & Employment, effective immediately. Luadzers' extensive experience in employment law will provide Harvest with additional skills and resources dedicated to meeting its needs as it continues its planned expansion.
PHOENIX, Oct. 7, 2019 /PRNewswire/ -- 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 the opening of its fourth Harvest retail location in California. Driven by an unwavering desire to improve lives through the goodness of cannabis, Harvest's best-in-class product offerings are crafted and curated to deliver an unrivaled experience for customers. "California has long been at the forefront of the cannabis industry in the U.S.," said Harvest CEO Steve White.
The Yield Growth (CSE: BOSS) (OTCQB: BOSQF) (FSE: YG3) announced that five more Urban Juve products have received a compliance certificate completing registration of the products in the European Union. The newly-approved products include Terpene-Rich Face Moisturizer with Hemp Oil & Pomegranate Oil for Dry Skin, Terpene-Rich Face Moisturizer with Hemp Oil & Helichrysum Flower Water for […]The post Cannabis Stock News Daily Roundup October 2 appeared first on Market Exclusive.
With so much news in the last week impacting the U.S. cannabis sector, the reasons for massive declines on a stock like Harvest Health & Recreation (HRVSF – Get Report) aren’t easy to ascertain. The vaping issue is the most likely reason for daily selloffs, but the company also lost a few executives and investors could be selling the news of the SAFE Banking Act. Either way, the fears appear overblown as the company likely remains on target for sales to approach $1 billion in 2020.Vape FearsThe latest news has the CDC reporting that patients sickened by vapes used THC vape devices. The good news for the industry is that the majority of the cases are reporting the use of illegal devices with a current focus on Dank Vapes, a counterfeit TCH cartridge brand purchased online.The bad news for the industry is that many markets are pulling vape products until the federal health agencies are able to corner the actual products causing the health issues. The impact to the U.S. cannabis companies is that some 20-30% of sales come from vapes with California starting September with over 30% of sales generated by vapes.Long term, this horrible health situation should drive consumers to the legal markets and towards well identified brands. Consumers should start questioning illicit products that aren’t correctly regulated and tested.Until that point, Reuters is reporting that consumers are spending 30% less on vape products and shifting usage to other products like flower and oil that reportedly have lower profit margins. The impact is short-term financial hits to a sector already under pressure.OpportunityIn the stock market, fear always breeds opportunity for alert investors. This health scare is unique in that the companies like Harvest Health getting hit aren’t actually implicated in the health scare causing the market weakness.A potential investor in this stock has to also deal with a Board of Director and President of the company departing in a short period of time. Ironically though, Harvest Health recently confirmed plans for significant revenue growth in 2020 based on the expected closing of mergers with Falcon, Verano Holdings and CannaParmacy. The deals include the expectations to add operational executives and key leadership personnel from these acquired companies possibly causing the departure of these executives.Regardless, the company appeared to maintain guidance over a month after the vaping issue started and long after the industry started feeling the impact of declining vaping sales. The official guidance along with the Q2 earnings presentation was for 2020 revenues to top $900 million and approach $1 billion with EBITDA margins topping 30%.Source: Harvest HealthThe key here is the share count will approach 500 million following the above deals closing placing the market valuation at only $1.5 billion with the stock price dipping to $3. The market has priced in all of the fears surrounding vapes and executive departures while not factoring in the positives of closing deals and the potential approval of the SAFE Banking Act.Consensus VerdictTipRanks' data shows a small but bullish camp backing this vertically integrated cannabis company. The 'Strong Buy' stock has amassed 3 'buy' ratings in the last three months. The 12-month average price target stands tall at $13.10, marking 333% in return potential for the stock. (See Harvest Health's price targets and analyst ratings on TipRanks) TakeawayThe key investor takeaway is that Harvest Health & Recreation has dipped to yearly lows as the vaping health concerns and other issues hit the stock. This gives investors a buying opportunity to own a leading U.S. cannabis company on the weakness, mostly unrelated to the company.Visit TipRanks’ Trending Stocks page, and find out what companies Wall Street’s top analysts are looking at now.
A vote in Congress to ease banking restrictions on cannabis companies is being praised for the possibility the legislation could make operating in the nascent industry much easier and more fair, and for the signal it sends that marijuana is moving toward establishment acceptability. The House on Wednesday overwhelmingly passed the SAFE Act, which would remove restrictions that prevent cannabis companies from using the banking system because the product, while legal in many states, remains federally illegal. The measure still would need approval from the Senate before continuing to President Donald Trump's desk.
PHOENIX, Sept. 26, 2019 /PRNewswire/ -- 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 an exclusive partnership with Last Prisoner Project ("LPP"), a new non-profit organization committed to making sure that every cannabis prisoner is released, welcomed home and supported by their community. Harvest is the first large cannabis company to create a proprietary program focused on job creation for formerly incarcerated prisoners that have been affected by the criminalization of cannabis. Harvest and LPP's "Prison to Prosperity" pipeline of talent will focus on facilitating re-entry of individuals impacted by the war on drugs back into society, through workshop training programs, with the goal of providing employment opportunities at Harvest locations nationwide.
"At Harvest, our goal is to increase accessibility to our high-quality, trusted cannabis products to patients and customers nationwide, and to do so, our industry must be able to safely and securely conduct business. The U.S. House of Representatives' passage of the SAFE Banking Act is a significant step in the right direction," said Harvest Executive Chairman Jason Vedadi .
PHOENIX, Sept. 25, 2019 /PRNewswire/ -- 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 CEO Steve White will deliver the Keynote remarks at the Cannabis World Congress & Business Exposition in Los Angeles on September 26th, 2019. White's Keynote will take place at 10:30 a.m. PST and will address social justice, diversity and inclusion issues that currently plague the cannabis industry. In his highly anticipated CWCB address "Doing Well by Doing Good: Bringing Restorative Justice to the Cannabis Industry," White will provide high-level solutions for addressing growing concerns around minority issues, decriminalization and announce Harvest's new social justice program.
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., and Falcon International Corp. (“Falcon”), a California-based cannabis company with experience in cultivation, manufacturing, wholesale distribution and brand development, today have both certified substantial compliance with the Request for Additional Information and Documentary Materials (“Second Request”) issued by the Department of Justice (“DOJ”) on April 17, 2019 regarding Harvest’s proposed acquisition of Falcon. Harvest also announced continued progress towards completing its plans to acquire Verano Holdings, LLC (“Verano”), and CannaPharmacy, Inc. (“CannaPharmacy”).
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 the opening of Harvest of Chandler, the eleventh Harvest-affiliated dispensary in Arizona. In its eight years of operation, Harvest has established itself as a leader in the cannabis industry with best-in-class operational standards and products, in addition to expert teams that are passionate about educating the public about the goodness of cannabis. Harvest is dedicated to driving better patient access and bettering the communities of its flagship state of Arizona.
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, effective today, Frank Bedu-Addo has resigned from the Board of Directors in order to focus on other business endeavors. Steve Gutterman, President, will be departing the company for personal reasons. “I’ve loved my time at Harvest, and I’ll remain an ardent supporter.
Anyone who closely follows the cannabis industry knows that it is experiencing unrivaled growth. The year is set to end with a 31.7% increase in annual legal cannabis sales, bolstered by new regulation, ...
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., signed a new state-approved management services agreement on September 9, 2019 with a Maryland dispensary, Your Farmacy-CWS, LLC (“Your Farmacy”), that will give Harvest the right to operate the medical retailer. The 3,120 square-foot medical dispensary in Lutherville-Timonium, MD will be transitioned to operate as a Harvest House of Cannabis store, known for best-in-class operations and industry-setting standards for cannabis products with a focus on bettering the community. With this new agreement, Harvest will expand its presence in Maryland and further establish the company’s position as a leading medical cannabis operator on the east coast, in addition to its considerable footprint in the western United States.
Market research and data analytics firm Prohibition Partners has released its first North American Cannabis Report. In the 134-page paper, the firm analyzes the current state of the cannabis industry in Canada and the United States to draw key insights into the industry’s future in the region. The firm is estimating that by 2024, the continent's cannabis market will be worth $47.3 Billion.
PARAMUS, N.J., Aug. 21, 2019 /PRNewswire/ -- Steve White, CEO of Harvest Health & Recreation, will deliver a Keynote Address, entitled: "Doing Well by Doing Good," at the 6th Annual Cannabis World Congress & Business Exposition (CWCBExpo) taking place September 26-28 at the Los Angeles Convention Center in Los Angeles, CA. Harvest Health and Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) ("Harvest"), is a vertically-integrated cannabis company with one of the largest and deepest footprints in the U.S., that expects to have the rights to operate in more cannabis facilities and more licenses than any other company in the U.S., including more than 210 facilities across 18 states and territories following the closings of recently announced definitive agreements to acquire Verano Holdings, CannaPharmacy, Falcon Holdings and Devine Hunter, Inc.