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I would very much doubt a reverse split as they are usually a kiss of death. With a 6 month extension that runs into the FDA possible approval. If they do so DURECT would be foolish to go through with a reverse split.
THIS IS STRICTLY JUST MY OPINION
I do not see any reason for the SP drop at the last few minutes of trading today. Points 2 and 3 have already been taken care of and point one if not accomplished makes the merger mute if not accomplished. Am I missing something somewhere?????
I have lowered my position in HRVSF some what and bought into DRRX & FLKS on a whim that they could possibly explode if all goes right for them.I thought the news on Harvest would increase the SP nicely this morning and that did not happen.
Still even with recent buys am averaged in a hair over $3.00/share. I am done buying Harvest unless it dips under $3 on the buy side.
50,000 share trade at 4:02 PM was not me. Although I was thinking about it today but decided not to push the button.
My guess is that either the sector has lost the shine off the apple or even worse is we are getting a response from the market makers as to what they personally think of MJ period. Their 100 share trades to sink share price is purely manipulative on their part and should be investigated by the SEC oh I forgot the SEC is no better.
As shown everything coming out is positive for HRVSF and we continue to see the share price jump off the diving board.
Harvest needs to quickly look into jumping off of the OTC junk platform and up to the NASDAQ. They need more volume to stop the manipulation.
The above thoughts are strictly mine and should not be used as a investment tool. Please do your own due diligence.
ST Logic
Did not hear the CC. Was there anything said further on the Nasdaq listing???? This is really BIG for the company.
Stuck my big toe in the cold water and bought 15,000 of Q this morning
I see nothing about Q moving to NASDAQ in an news report. Where is this public and when. Meanwhile HRVSF had a fair recovery after yesterdays melt down.
ISLOGIC
Someone bought 22,000 shares of harvest @ 11:10 AM and it didn't move the needle one iota. the otc platform really sucks big time. Steve really needs to get them up to at least the NASDAQ or this good company is going to continue to trade terrible.
YOU ARE WELCOME[/b ]VOTE YES FOR MERGER!!!!!!!!!
Harvest is just not going to get any momentum until they decide to move from the awful trading platform they are on to the NASDAQ at least. Everything they have done currently is positive and they go no where. They are flying under the radar and the market makers are having a field day moving it up a little and then down even more. This stock should be trading just over $10/share and yet it is not. Those of us who are real investors will just have to wait.
BY THE WAY VOTE YES ON THE HARVEST/VERANO MERGER they need a 2/3rds favorable vote or it crashes.
I am a new investor in HEXO as of today. My others are HRVST and ACB. HEXO seems to be a perfect fit for what I am trying to build in the MJ area. Who are some of the real people to follow on this board. I will eventually weed out the trash here as I did on the other boards.
Steve was asked on the conference call if it was going to be closed by mid summer and his response was NO MORE LIKE BY THE END OF THE YEAR. Lot of technical stuff to be done.
Verano closing mow pushed back to close to end of the year due to legalese
situations. Steve does not seem concerned. This has a lot of loose ends that have to come together and they should but it takes time. What surprised me was I was told by others that the Falcon situation was a dead end but Steve spoke as if it was anything like a dead issue.
I was on the conference call Friday and can say without a doubt there was nothing said that would have caused the drop in price we suffered. there is something else going on and I for one do not like it. I have a feeling (and it is only a gut feeling) that the market makers are losing the shining feeling about this stock and that may be caused by the lack of news coming out of our communication specialist. They might be wondering if there is a hold on him from management to say anything. I plan to hold till the end of 2019 but if by then things haven't turned around big time I will come out of Harvest. Matter of fact if we dive into the low 5's I will leave sooner.
CORRECTION
CONFERENCE CALL STARTS AT 8:00 AM NOT 8:30 AM
It should be available on their website 3 hours after they finish.
REMINDER
Conference call 8:30 AM eastern tomorrow 5/31 to discuss 1st quarter earning or lack there of. Hope they have some great news to get this stock moving again.
Where is our PR specialist. Why does he not tie into this article in some way?
THIS IS A MUST READ
MARIJUANA
U.S. Marijuana Stock Harvest Health Could Nearly Double, Analyst Says
By Bill Alpert
May 22, 2019 10:25 a.m. ET
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Photograph by Matteo Paganelli
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Few analysts follow America’s marijuana stocks. One who does, Rob Fagan of the Canadian firm GMP Securities, launched coverage Wednesday on the national chain Harvest Health & Recreation . He says Harvest’s stock could nearly double.
The Arizona-based company has built one of America’s largest operating platforms at an impressive speed, through license wins and acquisitions, Fagan says. Harvest “is not only an aggressive industry consolidator, but a strong operator as well,” he writes. “Management has one of the most bullish outlooks we’ve encountered.”
Harvest’s dual-listed stock (tickers: HARV.Canada or HRVSF.OTC) could rise from this morning’s price of US$7.53 to near $14, Fagan figures.
Read our recent feature: You’d Have to Be High to Buy American Marijuana Stock s
American weed sellers are underfollowed and more modestly valued, compared with Canadian peers like Canopy Growth (CGC) and Tilray (TLRY). That’s because companies like Harvest or such rivals as Curaleaf Holdings (CURA.Canada or CURLF.OTC) are selling pot in violation of U.S. federal law, even though it is legal in the states where they operate. Most banks won’t work with them. U.S. brokers and the big stock exchanges won’t either. So Harvest has had to raise money in private placements and the Canadian stock market.
Harvest could have the most stores in the country, writes Fagan. It has already opened 13 stores across four states, and could open more than 100 in the next two years. The company has proven the best at winning state licenses—racking up more than twice the awards of the typical multistate operator. With $320 million in cash, it can do mergers, too. So Fagan is comfortable that Harvest can grow revenues to $800 million in 2020, from $47 million in 2018. The company’s management is more ebullient, Fagan notes, guiding to 2020 revenues of $900 million to $1 billion.
And Harvest has proven itself a decent operator, avoiding the horrendous losses shown at chains like MedMen Enterprises (MMEN. Canada or MMNFF. OTC). While running modest net losses, Harvest has positive cash flow. Its earnings before interest, taxes, depreciation, and amortization could surpass $250 million in 2020, Fagan says.
The stocks of Canada’s pot producers go for 50-times estimates for their 2020 cash flows. American operators like Harvest already sell more cannabis than their northern counterparts and are growing their businesses in a U.S. market that will dwarf Canada’s, yet their stocks trade at a fraction of Canadian multiples. That is an opportunity for investors, Fagan says.
The GMP analyst recently visited the Arizona operations of Harvest and some of its competitors. Fagan says Harvest’s stores offered “the best in-store merchandising and overall shopping experience.” Its marijuana production facilities generated impressive yields at low cost.
In arguing that Harvest stock can double, Fagan puts a generous 20-times multiple on his 2020 cash flow forecast, while assuming that Harvest adds another $90 million or so in annual cash flow through acquisitions. With licenses to open up to 136 stores, Harvest represents the most robust retail growth pipeline in the industry, he says.
Write to Bill Alpert at william.alpert@barrons.com
If you are a trader in HRVSF you might want to look at this trend very carefully. If you want to buy Harvest stock your lowest buying time runs between 3:45 PM and 3:59 and 59 seconds. On the other hand if you are a seller you want to sell between 11 AM and 1 PM. This doesn't work 100% of the time but is a trend to watch. As always make your own decision as to when to do either. I add this as a possible tool when you study this stock.
stlogic
More and more shareholders are losing faith in Harvest due to the lack of transparency promised by Steve White. Since the new communication guy has come on all of a sudden Harvest has gone silent and this my friend has caused disrespect for Harvest at this point. If I were not holding the number of shares I do hold I would get on the wing of a birdy and fly up to their front door and walk in demanding to speak with this new guy and demand to know what he is going to do about this free fall for no reason if there is no reason and thus make him put the cards on the table. As you may notice I am getting pissed.
stlogic
Did not slip off to the Hamptons. To the contrary my wife and I have been dealing with the grand kids as their mom and dad work hard to give them the same life style we gave our kids. I bought back a little over 9000 shares this morning at a profit of 43 cents per share. Had to do it over a few trades but it looks like I will have to be a day trader for a while. Still not happy with the lack of transparency. If nothing is put out by the end of next week I may give them a call.
STlogic
I made a decision a few days back to unload over 10,000 shares. it was still a very profitable move but I am getting concerned that there is something going on that I am not aware of and up to this point find out what the real scoop is. Trust me I still own a considerable amount of shares and as soon as this bump turns around I will come back. I am sitting the money on the sidelines for that to happen.
Harvest is quiet about the Pennsylvania and Maryland situation which also makes me wonder. With the new communication guy he needs to convince Harvest to give some kind of follow up. Even if it is negative I don't see it badly hurting the company and maybe it would act as a learning lesson.
After the last conference call the market makers seemed to be okay with the report and what seems to be out there for the future. Yet they are still throwing out their 100 share trades to knock the share price down. That seems to tell me there is no confidence from them yet.
I don't mean to rain on everyone's parade especially mine but right now this is a very cautious time for everyone until some kind of release comes out letting all of us in on the secret.
TO tell ThE TrUtH I am getting very bored to watch my main investment keep going D
o
W
n
I am tempted to buy 25 shares at $100/share and see what the market makers do. Bet they would slit each others throats to get the trade. (JUST KIDDING).
I know some people who have spoken with Steve White.The take away is that he wants to build the largest MJ organization in the USA but wants to do it only legally. He has the the upmost respect for his shareholders. As to the Pennsylvania situation he has spoken with those in his organization and they feel that they have done nothing wrong. it will be worked out. He rally wants those in the organization responsible for that transaction to work it out. if it gets to a point that he needs to step in he will.The share lock up is worrisome only if trading takes place and i personally think if so it will be minimal.Hemp cross pollenization with cannabis fields I have not heard about. Steve has power people in place to make retail decisions. Keep in mind that Harvest is mostly a medical company with recreational by my account is still a sideline. As for Curaleaf and Acreage growing faster that may be true but keep in mind Harvest has yet to close a number of their transactions, if and when they do I look for a big mother to either come in and swoop them up or pour in major funding to support them.
As to your PRO'S
I agree with you and that is why I just sit back and right now and just watch the company moves and not the share price. IN CASE YOU HAVE NOT REALIZED I AM VERY LONG HRVSF
WeedWarriors
The reason why I mention share numbers is that I have a goal of trying to get people together I know to buy 250,000 shares between them. I just tell them about about the company and where to go to get Due Diligence. They are close to the target as they are starting to bring their friends in now. It is like a men's club and we talk privately if we pick up tidbits of valuable info that the others may not have. No one is under pressure to buy or sell and no one is under pressure to tell others if they sell. It gives us something to talk about over Saturday morning breakfast.
Friends of mine bought 2300 and 1500 shares today in a number of trades. they have been sitting back with their fingers on the button but could not push it. Today was the day as we think the upward trend is about to start again. With the target raised from $17C to %19C that would be $14+ USD. I feel we will go over $19 shortly and hang above that on our way up further. That is my thought and that is usually worth -0-.
If they get a positive from the FDA this stock will soar.
Why are some of you people selling? Have you lost your mind?JUST A QUESTION I HAVE.
Why are some of you people selling? Have you lost your mind?JUST A QUESTION I HAVE.
Hope once we get by all the ambulance chasers we get back on track and head upward. It is nuts how they come up from under ground when they think something does not look right. Hope they don't get enough to form a class action.From the current wording of some of these clowns it does not look like they do.
I am amazed at the number of people (not investors) selling their shares of HARVEST. This company is doing everything right and yet a number of people keep selling their shares. What a way to treat management that is out there for their shareholders. It's a good thing Steve White does not look at this as I do. He is out there to do his best no matter how the greedy treat him and management in total. The positive thing here is in the long term the current sellers will have screwed themselves badly. The great thing is they will have no one but themselves to blame.
stLogic I listened to the whole conference call this morning. I was surprised that Steve White did not verbally impress me. He seemed to be talking from from scripted papers and losing his place a number of times, He did get better towards the end in Question and Answer time. I am confused as to what happens to OUR shares if the big one closes. Are we going to be issued new shares 1 for 1 in the new company and are those shares going to only trade on the Canadian exchange if so that would not make me happy or do our shares stay as they are. They need to do a better job explaining before I vote on this one. I am already getting calls from those involved with me in HRVSF
I am not overly worried about earnings at this point. The company is going to eat up cash and dilute shares somewhat which is okay as long as they are going to gain big time from doing so. They mentioned on the conference call this morning that they are still looking to grab companies that meet the Harvest requirements, What scares me somewhat is that they have yet to close a number of their situations. I will feel more comfortable as they start to do so.
Once we get rid of the sell the news characters we will go over $10/share to stay.
Conference call was a positive from all respects. Company even explained the loss was really a positive for the company. Only way this stock goes down today is if weak sell on the news and they should not be here anyway.
GREAT REPORT AS I SEE IT!!!!!!!!!!!!
THE FOLLOWING IS MY OPINION AND MUST BE TAKEN THAT WAY.
Government in the state of Pennsylvania is in total shambles. From Philadelphia being a sanctuary city to not being able to get laws approved by a mostly democratic run government. This thing being brought against Harvest again in my opinion is a government ploy and will be put to bed with nothing really happening. I certainly hope that Steve White has the capable people in place to first not have done what they are being accused of and if they did I hope they have the where with all to get it resolved. I was not happy with Mr. White's comment when asked about the situation he commented " I haven't had the time to look into it". He had better as a May 6th deadline has been set. I presume Harvest not guilty until PROVEN otherwise.
ONCE AGAIN THIS IS ONLY MY OPINION
My disclaimer. Sold 2/3's of my shares and added more HRVSF. I just have a gut feeling HRVSF will be a major winner. DO NOT GO BY ME YOU MUST DO YOUR OWN DUE DILIGENCE. I am what is known as a day trader but on HRVST I just keep adding when I see a good opportunity to scoop up more.