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Harvest Health & Recreation Inc. (OTCQX: HRVSF) will hold a conference call on May 10, 2021, at 5:00 AM ET to discuss its first quarter 2021 financial results. Chief Executive Officer Steve White and Chief Financial Officer Deborah Keeley will lead the call. Interested parties must register to attend, with the link provided in the announcement. The company's quarterly results will be accessible via their investor relations page. Harvest Health is a vertically integrated cannabis company operating across multiple U.S. states.
Harvest Health and Recreation Inc. (OTCQX: HRVSF) reported a 98% revenue increase to $231.5 million in 2020, with fourth-quarter revenue reaching $69.9 million, an 85% jump year-over-year. The net loss before non-controlling interest improved to $59.6 million from $168.8 million in 2019. The company achieved a positive adjusted EBITDA of $15.3 million compared to a loss of $43.7 million in the prior year. Harvest introduced a 2021 revenue target of $380 million and expects at least $87 million in Q1 2021, leveraging successful recreational sales in Arizona.
Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF) announced the settlement of its dispute with Falcon International Corp., resulting in the dismissal of all related litigation and arbitration. Harvest now owns 10% of Falcon, with a 10-year warrant for two common shares at an exercise price of US$1.91. The settlement allows Harvest to refocus on its core operations, following a previous merger agreement terminated in January 2020. The company continues its mission to expand its cannabis business across the U.S.
Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF) will hold a conference call on March 30, 2021, at 5:00 PM ET to discuss its fourth quarter and full year 2020 financial results. CEO Steve White and CFO Deborah Keeley will lead the call. Interested participants must register in advance to receive dial-in details. The financial results will be accessible online, with a live webcast and replay available post-event.
Harvest is a vertically integrated cannabis company, focused on expanding its operations across the U.S.
Harvest Health & Recreation Inc. has opened its ninth affiliated medical dispensary in Whitehall, Pennsylvania, further establishing its presence in one of the fastest-growing medical cannabis markets. Located at 1809 MacArthur Rd, the dispensary will operate Monday to Saturday from 9:00 am to 7:00 pm and Sunday from 10:00 am to 6:00 pm. CEO Steve White expressed excitement about providing quality products and services to local patients. Harvest's expansion strategy includes increasing its footprint across multiple states since 2011.
Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HRVSF) has divested its two medical marijuana dispensaries in North Dakota to a local operator for an immaterial amount of cash. Following this sale, the company no longer operates in the state. CEO Steve White expressed satisfaction with the divestiture, aligning it with Harvest's strategic plan to focus on growth opportunities in core markets. This move is part of the company's ongoing efforts to streamline operations and allocate resources effectively.
Harvest Health & Recreation has announced the opening of its seventh medical dispensary in Camp Hill, Pennsylvania, enhancing its footprint in a rapidly growing market. Located at 3401 Hartzdale Dr., the dispensary operates Monday to Saturday from 9:00 am to 7:00 pm and Sunday from 10:00 am to 6:00 pm. The company aims to provide quality cannabis products to patients, with additional locations already established across the state. CEO Steve White expressed excitement about the expansion, reinforcing the company's commitment to improving lives through cannabis.
Harvest Health & Recreation Inc. (HRVSF) announced the opening of its sixth medical dispensary in Cranberry Township, Pennsylvania, on September 30, 2020. This new location is part of Harvest's strategy to expand in one of the fastest-growing medical cannabis markets in the U.S. The dispensary operates from Monday to Saturday, 9:00 am to 7:00 pm, and Sunday, 10:00 am to 6:00 pm. CEO Steve White expressed excitement about serving patients and enhancing the company's presence in key markets.
Harvest Health & Recreation Inc. (HRVSF) announced the opening of its fifteenth medical dispensary in Phoenix, Arizona, located at 2017 W Peoria Avenue, operational daily from 8:00 am to 10:00 pm. CEO Steve White expressed enthusiasm for expanding their presence in Arizona, emphasizing their commitment to serving patients with quality cannabis products. Harvest aims to enhance its retail and wholesale operations across the U.S., continuing its mission to provide access to cannabis for both patients and consumers.
On September 11, 2020, Harvest Health & Recreation Inc. held its annual and special shareholder meeting, where significant resolutions were passed. Shareholders authorized amendments to the Articles, including an advance notice policy and provisions for the removal of directors deemed unsuitable. The board's size was fixed at six, with new directors elected: Mark Neal Barnard, Steve White, Elroy Sailor, Eula Adams, Ana Dutra, and Scott Atkison. Additionally, Haynie & Company was appointed as auditors for the upcoming year. For complete results, refer to the Report of Voting Results filed on SEDAR.
