|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.27 - 5.47|
|52 Week Range||3.60 - 10.85|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Curaleaf's $875 million deal to buy Grassroots shakes up the multistate dispensary leaderboard.
In the cannabis space, diversity is often regarded as a particularly pressing need as a result of the adverse effect of the War on Drugs. The hurdles are numerous and include the country's private prison system and a lack of capital, according to industry contacts Benzinga spoke with. Despite the challenges, some do see recent positive activity in the fight to make the employees staffing the growing legal cannabis sector in the U.S. more reflective of the communities that cannabis companies serve.
Harvest expands in state, solidifying industry leading national presence across the U.S. 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 it will open its compassion center, Harvest of Williston, for qualifying patients and caregivers today. Solidifying Harvest’s presence in the state, the North Dakota Department of Health (NDDoH) Division of Medical Marijuana previously awarded Harvest two medical dispensary locations, for the Williston location and an upcoming compassion center in Bismarck.
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2019) - Harvest Health and Recreation (CSE: HARV) (OTCQX: HRVSF) announced the acquisition of Arizona medicinal cannabis dispensary Leaf Life. Leaf Life, the only cannabis dispensary in Casa Grande, Arizona, will be transitioned to operate under Harvest's House of Cannabis stores.For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please ...
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 received the final approval of the Supreme Court of British Columbia for its proposed business combination pursuant to a plan of arrangement (the "Arrangement") with Verano Holdings, LLC ("Verano"). As announced by press release dated April 23, 2019, pursuant to the terms of the Arrangement, upon closing of the transaction, securityholders of Harvest and Verano will become securityholders in the combined company which will carry on the business of Harvest and Verano.
Multi-state operator Harvest Health & Recreation, Inc. (OTC: HRVSF)(CSE: HARV) has acquired Casa Grande, Arizona's only licensed dispensary with the acquisition of Leaf Life medical dispensary. The deal adds to Harvest's M&A activity in Arizona, which includes the recent acquisition of six licenses from Devine Hunter, Inc. The latest addition gives Harvest the right to operate a maximum of 18 Arizona-based dispensaries and facilities. Harvest Executive Chairman Jason Vedadi discussed the importance of the acquisition for Arizona patients.
Harvest Health & Recreation Inc. said Monday it is acquiring the only licensed cannabis dispensary in Arizona. The company said it is acquiring Leaf Life in a deal that includes the dispensary, which is located in Casa Grande. "Arizona is the third largest medicinal cannabis market in the United States, yet too many in our communities still do not have adequate access to dispensaries that offer the high-quality medicinal products and expert staff required to improve patient education and treatment outcomes," said Harvest Executive Chairman Jason Vedadi. The stock was not yet active premarket, but has gained 14.8% in 2019, while the S&P 500 has gained 19.3%.
Acquisition of retail property marks 13th dispensary in Arizona, solidifies Harvest as top operator in state and expands industry leading national footprint of retail and wholesale licenses across U.S. 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 the acquisition of Arizona medicinal cannabis dispensary Leaf Life in a transaction that includes the only cannabis dispensary in Casa Grande.
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 the results of its June 26, 2019 annual general and special meeting (the "Meeting") of Harvest shareholders ("Harvest Shareholders") held to approve, among other things, certain matters relating to Harvest's previously announced definitive agreement (the "Business Combination Agreement") for its acquisition (the "Transaction") of Verano Holdings, LLC ("Verano"). In addition, the members of Verano approved the Transaction overwhelmingly with 100% of the votes cast at a special meeting of its members on June 26, 2019.
PHOENIX, June 19, 2019 /PRNewswire/ -- Harvest Health & Recreation (CSE: HARV, OTCQX: HRVSF), a vertically-integrated cannabis company with one of the largest and deepest footprints in the U.S., today announced that Steve Gutterman, President, will present live at VirtualInvestorConferences.com on June 20th. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. Headquartered in Tempe, Arizona, Harvest Health & Recreation, Inc. is a multi-state cannabis operator (MSO) and vertically-integrated cannabis company.
Harvest Health & Recreation Inc (OTC: HRVSF) has four areas of focus, CEO Steve White told Benzinga: team development, acquisition via winning licenses or buying companies, long-term brand development and always keeping an eye on its ROI. Harvest is exceeding its expectations in these categories, White said in a recent interview. Earlier this month, Harvest announced that some of its CBD brands will appear in 10,000 U.S. convenience stores.
Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., announced today the appointment of Nicole Stanton as VP and General Counsel and Allyson Wilcox as Assistant General Counsel.
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., was awarded a dispensary license to operate in Pasadena1, (subject to the local Conditional Use Permit process and state regulatory requirements), marking the seventh California license for the fast-growing company. Harvest was among the top-scoring applicants from a pool of 128 applications to obtain licenses in the city, receiving top recognition for its high-level of sophistication, best-in-class experience, and world-renowned team of experts in operating quality-driven retail stores with a focus on bettering the community.
The Q1 results confirm Harvest Health & Recreation (HRVSF) is positioned to take the market lead in the domestic cannabis sector. Within months, the Arizona-based cannabis company has gone public via an RTO and acquired numerous businesses to create massive scale. The market has yet to catchup to these facts providing the opportunity as the Canadian companies still grab the headlines.Only Starting For Q1, Harvest Health reported modest revenues of $19.2 million. Revenue only grew 14% compared to the prior quarter when some industry players are doubling revenues sequentially.The key to the story is that Harvest Health is only getting started. The company had an incredible pro-forma revenue base of $51 million when including the operations of acquisitions of Falcon, Verano, Devine and CannaPharmacy that are in the works.Just as important, the cannabis company only had 13 retail locations in 5 states open at the end of March. Harvest Health expects to have the largest footprint in the U.S. with rights to 230 facilities that include 142 retail locations covering 17 states. The company expects to double retail locations in the next few months.One big question that is likely holding down the stock below $7 is the soaring expense structure. One of the benefits to the U.S. stocks over the Canadian industry was a stronger focus on cost control.For the quarter, Harvest Health slipped to an adjusted EBITDA loss of $4.7 million. The net loss soared to $20.0 million as hiring and expanding operations boosted general and administrative expenses to $18.4 million.A big part of the increases was from transaction costs and share-based compensation costs that are non-cash, but the company still saw financials impacted by rapid expansion plans. The market should eventually look past these losses, if the company can trim them as the deals close and Harvest Health turns them into operating efficiencies.Stock PriceA key to the story and whether the stock hits the GMP Securities target of doubling to ~$14 is based solely on returning the financials to the black in a meaningful way. The company is already generating pro-forma annualized revenues of $200 million making the $350 million 2019 revenue target and $900 million 2020 target as possible.The stock only has a market cap topping $3 billion once the deals close providing an incredible value to shareholders. If the company hit 30%+ EBITDA margins as forecast on revenues approaching $1 billion in 2020, the stock is only trading at a level approaching 10x those EBITDA targets for next year. The stock market normally offers valuation 2-3x those levels for a fast growing company.TakeawayThe key investor takeaway is that Harvest Health continues to build a market leader in the large domestic cannabis sector. As 2019 progresses and the company closes all of the outstanding deals, the scale of Harvest Health will start grabbing more market attention.The biggest catalyst remains federal approval of cannabis in the future and an uplisting of the stock. As long as the stock doesn’t trade above daily volumes in the millions like the Canadian stocks listed on major stock exchanges, Harvest Health remains a relatively unknown stock. With the 30% dip from the April highs at $10, the stock remains one of the hidden gems in the cannabis sector.To read more on the nitty gritty of what’s going on in the rising cannabis industry, click here. Read more: * Time to Buy the Dip in Harvest Health & Recreation * Health & Recreation Is Very Appealing Based on Long-Term Bullish Fundamentals More recent articles from Smarter Analyst: * Tesla (TSLA) Stock Bulls and Bears Agree to Disagree; Needham Weighs In * Why Acreage Holdings Could Be a Huge Mistake for Canopy Stock * Contract Win in Italy Highlights the Edge in Aurora Cannabis (ACB) Stock * Tesla (TSLA) Stock Bulls and Bears Agree to Disagree; Needham Weighs In
Flower products now available at all Florida locations, join tinctures, vapes and capsules with pre-rolls coming soon. 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 third, fourth and fifth Florida medical marijuana dispensaries. Harvest holds licenses in Florida for up to 35 medical dispensaries, one cultivation facility, one manufacturing facility, and has operational dispensaries in the Orlando and Tallahassee markets.
Cannabis stocks traded broadly higher Tuesday, as an upbeat industry research note helped provide a welcome reprieve from the string of losses resulting from concerns over regulatory scrutiny and general stock market weakness.
How Cannabis Players Fared in May amid the Market Sell-Off(Continued from Prior Part)Harvest Health & RecreationHarvest Health & Recreation (HRVSF) released its first-quarter earnings results on May 31. It generated revenue of $19.2 million
Largest trade association network of independent convenience stores and gas stations – Asian American Trade Associations Council – to welcome Colors, CBx Essentials and Harvest branded product lines through their implementation partner system. Convenience stores and gas stations expected to capture $8-10b of $22b CBD market. Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”), vertically-integrated cannabis company with one of the largest and deepest footprints in the U.S., today announced the signing of an agreement to bring their popular Colors, CBx Essentials and Harvest-branded CBD product lines to more than 10,000 retail stores, including convenience stores and gas stations across the country.
NEW YORK , June 4, 2019 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the launch of the OTCQX® Cannabis Index ...
PHOENIX-- -- Total revenue for the three months ended March 31, 2019 increased 131% from prior year. Total revenue for Q1 2019 increased 14% compared to Q4 2018. Adjusted EBITDA for the 3 months ended March 31, 2019 was million . Harvest Health & Recreation, Inc. , a vertically-integrated cannabis company with one of the largest and deepest footprints in the U.S., today reported the company’s first ...