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New Price Target - A Must Read

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Dewayne18 Member Level  Monday, 11/09/20 10:05:55 AM
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New Price Target - A Must Read



Harborside: Continued Revenue Growth & Expansion
Company: Harborside
Symbol: HBOR

Last: $1.85
Low: $1.78
High: $2.16

Harborside: Continued Revenue Growth & Expansion

Q3 2020: Exceeding 18.5 million (Preliminary)
Q2 2020: 16.1 million
Q1 2020: 14.6 million

You can note above that based on the quarterly figures that company revenue is going up at a brisk pace.

Over the past couple of weeks HBOR announced two updates that will further increase company revenues. The first piece of news is that HBOR is opening a new dispensary with a starting majority stake with the option to buy full ownership. The dispensary will be located in the iconic Aight-Ashbury district in San Francisco. The area is know for its huge hippie gatherings and demonstrations during the Vietnam war.

https://www.prnewswire.com/news-releases/harborside-inc-to-acquire-ownership-in-a-san-francisco-dispensary-in-the-historic-haight-ashbury-district-301154746.html

The next piece of news released last Friday is that they will start selling their own branded clowns at all dispensaries and the expansion of the farm by 50%. The work should be completed by the end of Q1 2021.

https://ceo.ca/@newswire/harborside-inc-announces-cultivation-facility-upgrades

Keep in mind that we currently have 22 million shares outstanding giving us that crazy share price growth these days. Volume is going up. The last 2 days alone we have over 630,000 traded when we normally have 40,000 shares a day. We’ve also had many days with daily volume of approximately 75,000 shares.

THE NEW TARGET PRICE IS $3.25 (APRIL 2021)

This new target is based on all the information above, Analyst coverage information and forward looking catalysts. For more information, read tomorrow night’s discussion.

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