Harvest Health & Recreation Inc (Sub Voting) C.HARV

Primary Symbol: HRVSF

Harvest Health & Recreation Inc is a vertically integrated cannabis company. Its segment includes the production and sale of cannabis with three business areas including cultivation, processing, and retail dispensaries. Cultivation harvest grows cannabis in outdoor, indoor, and greenhouse facilities. Processing harvest converts cannabis biomass into formulated oil using a variety of proprietary extraction techniques. Retail dispensaries harvest operates and provides services to retail dispens...

OTCQX:HRVSF - Post by User

Harvest Health & Recreation Inc (Sub Voting) > Harvest Health Posts Q3 2020 Revenues Of $61.6 Million, Loss

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Comment by Higherhopes2020on Nov 11, 2020 9:08am

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Post# 31876425

RE:Harvest Health Posts Q3 2020 Revenues Of $61.6 Million, Loss

Important take away from the earning report.
Net loss was $2.1 million for the third quarter, compared to a net loss of $39.1 million in the third quarter of 2019 and $18.3 million for the second quarter 2020.
2020 revenue target increased to greater than $225 million , up from $215 -220 million

Harvest Health & Recreation announced their third quarter 2020 financial results this evening, reporting revenue net of discounts of $61.6 million for the period ended September 30, 2020, along with a loss of $2.1 million. Revenues were up roughly 11% on a quarter over quarter basis, from $55.7 million in the second quarter.