Harvest Health and Recreation Inc (HARV)

[JohnCM]

Marijuana Stocks To Buy For 2021: Harvest Health & Recreation Inc.

Harvest Health & Recreation Inc. (HRVSF Stock Report) is a vertically integrated cannabis company that is committed to expanding its retail and wholesale presence in the U.S. Recently the company reported earnings that exceeded expectations. In detail, the company reported 3rd quarter revenue of $61.6 million up 86% from 2019 and 11% up sequential quarters.

Furthermore, Harvest has gross profits in the 3rd quarter of $28.7 million which are up when compared to $23.4 million in the previous quarter. Net loss was $2.1 million for the third quarter, compared to a net loss of $39.1 million in the third quarter of 2019 and $18.3 million for the second quarter 2020. As of this time the company owns and operates 37 locations across seven states. Currently, Harvest Health has a strong presence in Arizona and should see growth from the new marijuana laws passed there.
Harvest Pot stock

HRVSF stock has seen a slower recovery than other leading cannabis stocks to watch. Although the stock has recovered triple-digit gains since March it has yet to come close to its year-to-date high of $3.64 in mid-January. This could mean with any further positive earnings HRVSF stock could see more upward momentum in the market.