Cannabis Stocks Forum & Discussion

Welcome to the Cannabis Investing Newsletter Forum. This is for the cannabis stocks forum & discussion. 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

Share:
Notifications
Clear all

Harvest Health HRVSF Stock Will Go Up 200%

2 Posts
2 Users
0 Likes
109 Views
(@dhtaylor)
Noble Member Admin
Joined: 3 years ago
Posts: 1185
Topic starter  

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.


   
ReplyQuote
(@stevenonnaprotonmail-com)
New Member
Joined: 2 years ago
Posts: 1
 

The last sentence or paragraph is incomplete.


   
ReplyQuote



Leave a reply

Author Name

Author Email

Title *

Maximum allowed file size is 10MB

 
Preview 0 Revisions Saved
Share:



Copyright Cannabis Investing Newsletter 2021 - 2022