Harvest Health & Recreation Inc (Sub Voting) HRVSF

RE:RE:News

[Weedtothemoon]

This money is raised over 18 months in 5 installments of 100 mill each so I beleive this is the capital to open dispensaries at a fast rate. Opening dispensaries costs money. Big aquisitions are are better done as an all stock deal which dillutes the company a bit but still make them bigger with bigger market cap and a bigger player. Steve White pretty much secured 500 mill at around $15.38 which the stock is on the rise to open up future dispensaries for Harvest. Pretty much that should make the new bench mark on the stock price because of such a large amount. 

None of the big cap US companies except Curaleaf have money to open up dispensaries at a fast rate so they all would need to raise and ussually they do so in much smaller amounts 50-100 mill at a time, because 1 the lender needs to have huge confidence behind the company that the money will be paid back as promised, 2 this happens at different prices.

This deal does 3 thngs:

1-Shows the world that there are funds condifent in Harvest to invest 500 mil USD in.
2-Locks the 500 mill loan at $15.38, settiing a new low target at $15.38ish. 
3-Give Steve White enough money to rapidly open up profitable dispensaries (up to 138 after the Verano deal closes)

I like how Steve White moves. He raises money once that will be enough to open all the dispensaries needed until they will be bringing in enough money themselves, instead of raising money little by little. And he raises it when his stock is at a 52 week high after annoucing the takeover of Verano. And the Directors are 80% shareholders so he is looking out for his money here. 

I believe by the end of 2019 into 2020 Harvest will be the largest most sought out cannabis company. The longer the US takes to legalize the bigger Harvest will become in the US, without the canadian current giants coming in buying everyone out. And when US does legalize, I beleive Harvest will hold one of the biggest market caps in the cannabis world expanding into the global market.

Current market cap is apprx. $5.5 billion after close of Verano which is biggest in the states. in 1-2 years it should be 20-30 billion plus rivaling canopy and aurora, thats should reflect a stock price of $60-$90.