Welcome to the Cannabis Investing Newsletter Forum. Feel free to find your favorite cannabis stocks and contribute content as you please; content that continues the discussion of and analysis of cannabis stocks. – D. H. Taylor
Harvest Health HRVSF Stock Will Go Up 200%
As far as cannabis stocks go, Harvest Health is a solid company operating in growing markets. The multi-state operator has key operations in Arizona, Pennsylvania, Maryland, and Florida as well as California, Colorado, and Utah (After having divested its locations in North Dakota). Harvest Health reported 13% QoQ gains. But, more importantly, they offered future guidance which will be the basis of how I look at this company. After opening all of their remaining dispensaries and with Arizona flipping to adult-use recreational cannabis, future guidance for this year's revenue is stated at $380M. This will drive Harvest Health Stock HRVSF up some 200%.
Given the metrics of this company, the growth that they will achieve, I wanted to break down the financials and show how Harvest Health is on a run-rate that would put the stock at $9.00 over the next 12 month period. One thing to keep in mind about this multi-state operator is that its flagship operations are in Arizona where the state just switched to adult-use recreational cannabis. Revenue growth in Arizona will be very high.