Harvest Health and Recreation Inc (HARV)

[JohnCM]

Harvest Health & Recreation Inc.

Harvest Health & Recreation Inc. is a vertically integrated cannabis company and multi-state operator with a big footprint in its home state of Arizona. Presently, Harvest has 15 dispensary locations in the state of Arizona with a total of 37 stores nationwide. As of January 22nd, Harvest launched recreational cannabis sales in Arizona. Many analysts believe this could double the cannabis sales in the states of Arizona for 2021.

Already, in 2020 Harvest was showing substantial revenue growth with Q3 2020 total revenue of $61.6 million. Actually, this is 86% up year over year and could potentially increase this year. Recently, Harvest also increased its full-year revenue target to $225 million in 2020 and has growth potential in Arizona for 2021. Additionally, the company is also expanding its operations in Florida where it currently has 6 operating dispensaries. On February 22nd Harvest announced it completed the divestiture of its dispensary assets in North Dakota.