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lets see how they do today. if its good numbers i will start layering in more shares again.
I would agree, as long as the BOD was not directing those actions. I can't imagine the organization would sanction such stupid actions from employees. The reports detail Harvest Health attorney vigorously denying the allegations.
Much ado over nothing.
I wonder if this is the reason for insider stock sales at Harvest Health. The Chicago Sun Times reported this on 3/8/21, the same days the insider stock sales story you posted was released. Of course there are two sides to every story and this could be the case of rogue employees as opposed to directives from top management of Verano or Harvest Health.
https://chicago.suntimes.com/cannabis/2021/3/8/22320364/verano-harvest-nature-wellness-frontier-nicholas-nielsen-weed-rico-pot-cannabis
https://mjbizdaily.com/verano-accused-in-lawsuit-of-illegal-interstate-marijuana-trafficking/
Verano accused in lawsuit of illegal interstate marijuana trafficking
Published March 9, 2021
Illinois-based multistate operator Verano Holdings is accused in a lawsuit of illegally shuttling marijuana from its home state to Arkansas.
According to the Chicago Sun-Times, the allegations of illegal interstate marijuana shipments stem from cannabis MSO Harvest Health & Recreation’s attempted acquisition of Verano, a deal that fell through in March 2020.
The lawsuit, filed Monday in Colorado District Court, targets dozens of cannabis executives and companies, including Verano CEO George Archos.
The plaintiff in the suit, Nicholas Nielsen, is a former employee of Natural State Wellness Enterprises in Arkansas who was arrested in January 2020 for illegally growing marijuana at his home.
When Nielsen was arrested, Natural State was being managed by Harvest, and separate lawsuits filed against Harvest alleged that Nielsen was growing the marijuana on Harvest’s behalf. Nielsen reiterated the claim in the new lawsuit.
According to the Sun-Times, Nielsen’s suit further claims that:
Verano was the source of the cannabis clippings from which he grew the plants at his home.
The clippings were delivered to Nielsen by Michael Frontier, a Verano employee who was indicted in 2019 in connection with an illegal gambling ring.
In a statement to the Sun-Times, a Verano spokesman called the allegations in the lawsuit “totally false and absurd” and said the suit is a collection of “sensationalized and imagined series of events.”
A Harvest spokesperson also pushed back, saying the suit is “replete with inaccuracies” and is “nothing more than a thinly veiled shakedown” by Nielsen and his attorney.
Nielsen, who is facing multiple felony criminal charges in Arkansas, has told law enforcement officials that he “would definitely testify against” Frontier, Verano and his former supervisors at Harvest. He alleges his former Harvest supervisors told him it was legal for him to grow the plants at his home.
Verano trades on the Canadian Securities Exchange (CSE) under the ticker symbol VRNO and on the U.S. over-the-counter markets as VRNOF.
Harvest trades on the CSE as HARV and as HRVSF on the American OTC markets.
– John Schroye
HARVEST HEALTH & RECREATION INC. ANNOUNCES SETTLEMENT WITH FALCON INTERNATIONAL CORP.
I'd have to agree.
Ninth Harvest-Affiliated Pennsylvania Dispensary Opens in Whitehall
https://www.otcmarkets.com/stock/HRVSF/news?id=293311
Yep.. headed in the right direction, today.
“The Reddit Hangover”
Mark this date down on your calendar, February 10th, 2021. This date marks the “blow off top”, the exuberant top”, the “frenzied froth”, the “bubble before bursting.” Typically, if you are participating in this type of upward move in your portfolio, you are drunk with greed. You are envisioning that trip to Rarotonga Island. The last thing you are going to do is sell! Are you crazy!? Why would I sell when my stocks are doing so well? I am a financial genius!
Well, this is exactly the time to sell. But, I am a big fan of “leveraging” in and out. Typically, I do not take 100% of the monies allocated to buy a stock or my entire position in a stock, and buy or sell it. Maybe 33 percent, depending? Maybe more, maybe less. If you are a frozen statue when the time is right to sell RSI 80 or buy RSI 20, take 10 or 20 percent and trade around your position. Get a feel for it.
Back to the “Reddit Rush.” When momentum, fan boys, greedy bastards, pump and dumpers control the market, they will push it north as hard and fast as they can.
What does this action have to do with each individual company’s prospects or the long term view of the sector of interest? Nothing. So, you react to what “the market is telling you.” On February 10th the market was telling you to sell 50% of your position, give or take. Trade around a core position. If your stock continued to spike, no worries, you still have your 50%. But if the bubble pops, you are not riding 100 percent of your position all the way back down. Poof! There goes your trip to Rarotonga.
STOCK TWITS
Kind of rough for many of my stocks, today. Still up over a buck/share here, though. HRVSF is my largest holding. May have to add some more if the current glide slope persists.
Harvest Health $3.50 BUYBUYBUYBUYBUYB
Why did Harvest sell now when other companies are buying..are management getting ready to reward themselves for doing a poor job...do they need cash that bad...what is immaterial cash for harvest... $ 1 millions..I smell a rat maybe
its rotation and. buy the dip.
What up this morning???
Hi folks. I'm still way long Harvest and looking forward to huge sales volume, continued share price gain to $10, and possible private placement stock sale to pay down debt.
Updated the IBOX. See above.
Welcome... You might shoot the company an email.
I'm new to this company. I like the growth opportunities here.
I live in Columbus, OH and it looks like Harvest has a store front here, but the location isn't listed on their website. We aren't a recreationally legal state yet and have very few medical dispensaries open. Does anyone know about locations that aren't listed on their website? How many we have, why aren't they listed yet, etc etc
Yes, I know the answer to that question.
"To The Moon!"
Does anybody know what his target is asking for a friend?
Yes, Reddit heard that StevenRisk purchased Harvest Health, and word spread like wildfire.
3.68 LOW - 4.5028 HIGH
Could be folks finally realizing that HRVSF is trading at multiples lower than peer companies.
Anyone have any idea as to the huge increase in volume and PPS increase afternoon today. Just bought in today ad it took right off with a huge increase in volume.
Never hurts to set those low-ball limit orders to buy, just in case.
Not that I know of. It has bounced off this base almost every time in the last 2 weeks so it should make a nice flip for a few dollars IMO.
Was there news????
Back in here for 1k at $3.72 seemed like the bottom.
Decent spec
Conversation best taken to
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