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Harvest Health & Recreation Inc. has expanded its footprint by opening its fourteenth medical dispensary in Florida, located in Port St. Lucie. This new location, operational Monday to Saturday from 9 am to 8 pm and Sunday from 10 am to 7 pm, aims to cater to patients in one of the fastest-growing medical markets in the U.S. Harvest continues to enhance its presence in Florida, having multiple dispensaries across the state. CEO Steve White highlighted the company's commitment to providing quality products in their core markets.
Harvest Health & Recreation Inc. has opened its thirteenth medical dispensary in Kissimmee, Florida, enhancing its footprint in one of the fastest-growing cannabis markets in the U.S. The new location is located at 2631 East Irlo Bronson Memorial Highway and operates Monday to Saturday from 9 am to 8 pm and Sunday from 10 am to 7 pm. CEO Steve White expressed optimism about serving patients with quality products in a core market. Harvest's commitment to expanding its retail presence since 2011 reflects its mission to improve lives through cannabis.
Harvest Health & Recreation Inc. has announced the opening of its twelfth medical dispensary in Florida, located in Jacksonville. This new establishment, serving patients in a rapidly growing medical market, operates Monday to Saturday from 9:00 am to 8:00 pm and Sunday from 10:00 am to 7:00 pm. The company continues to expand its retail presence across key locations in Florida, aiming to enhance service and product offerings for cannabis patients. CEO Steve White expressed enthusiasm for growth in one of Harvest's core markets.
Harvest Health & Recreation Inc. has opened its eleventh medical dispensary in Philadelphia, Pennsylvania, marking a significant expansion in one of the fastest-growing medical cannabis markets in the U.S. Located at 501 South Broad St, the dispensary operates Monday to Saturday from 9:00 am to 8:00 pm and Sunday from 10:00 am to 6:00 pm. CEO Steve White expressed enthusiasm for serving patients in this core market. Harvest is committed to enhancing its presence through organic growth and strategic acquisitions.
Harvest Health & Recreation Inc. (HRVSF) announced that the Supreme Court of British Columbia has approved its arrangement to be acquired by Trulieve Cannabis Corp. This milestone is crucial as it progresses toward finalizing the transaction. CEO Steve White expressed optimism about collaborating with Trulieve to gain the necessary regulatory approvals for completion. Harvest, a vertically integrated cannabis company, is focused on expanding its presence across the U.S. through strategic acquisitions and increased operational capabilities.
Harvest Health & Recreation Inc. has acquired an option to purchase all membership interests in an entity with an Arizona Adult Use Marijuana Program Establishment License. This strategic move underscores Harvest's commitment to expanding its retail operations in Arizona following the launch of recreational cannabis sales. A subsidiary will also develop a dispensary for adult use until the purchase option is exercised. Harvest currently operates 16 dispensaries in Arizona and can expand to 20 with existing licenses and agreements.
On August 11, 2021, Harvest Health & Recreation Inc. announced the outcomes of its annual and special shareholder meeting. Key resolutions passed include the approval of Trulieve Cannabis Corp.'s acquisition of all issued shares of Harvest, fixing the number of directors at six, and electing new directors: Steve White, Elroy Sailor, Mark Neal Barnard, Eula Adams, Scott Atkison, and Ana Dutra. Additionally, Haynie & Company was appointed as auditors for the upcoming year. Detailed voting results are available on SEDAR.
Harvest Health & Recreation reported Q2 2021 revenue of $102.5 million, an 84% increase from Q2 2020 and a 15% rise sequentially. The company achieved a net loss before non-controlling interest of $19.2 million, improving from $23.0 million in Q1 2021. Adjusted EBITDA stood at $28.0 million, slightly up from $26.9 million in Q1 2021. Harvest maintains its 2021 revenue target of at least $400 million.
Harvest Health & Recreation Inc. has opened its sixteenth dispensary in Mesa, Arizona, catering to both medical patients and adult use customers. The new location, situated at 1150 W McLellan Rd, operates daily from 8:00 am to 10:00 pm. This expansion reinforces Harvest's commitment to its core market in Arizona. CEO Steve White expressed enthusiasm for serving a diverse customer base at this new site. The company continues to enhance its retail presence across several states, emphasizing its mission to improve lives through cannabis.
Harvest Health & Recreation Inc. (HRVSF) has opened its eleventh medical dispensary in Florida, located in South Miami Beach. This new location aims to serve one of the fastest-growing medical cannabis markets in the U.S. The dispensary operates Monday to Saturday, 9:00 am to 8:00 pm, and Sunday from 10:00 am to 7:00 pm. CEO Steve White expressed excitement about expanding their footprint in Florida, highlighting the company's commitment to providing quality cannabis products to patients.
