Monday, November 09, 2020 10:05:55 AM
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.
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM