Tag: CHARV

Harvest Health & Recreation Inc (Sub Voting) | C.HARV Stock Message Board & Forum

RE:RE:RE:Harvest Health Increases Bought Deal To C$40 Million

Company: Harborside

Symbol: HBOR

 

Last: $1.85

Low: $1.78

High: $2.16

 

Harborside: Continued Revenue Growth & Expansion

 

Q3 2020: Exceeding 18.5 million (Preliminary)

Q2 2020: 16.1 million

Q1 2020: 14.6 million

 

You can note above that based on the quarterly figures that company revenue is going up at a brisk pace.

 

Over the past couple of weeks HBOR announced two updates that will further increase company revenues.  The first piece of news is that HBOR is opening a new dispensary with a starting majority stake with the option to buy full ownership.  The dispensary will be located in the iconic Aight-Ashbury district in San Francisco.  The area is know for its huge hippie gatherings and demonstrations during the Vietnam war.

 

https://www.prnewswire.com/news-releases/harborside-inc-to-acquire-ownership-in-a-san-francisco-dispensary-in-the-historic-haight-ashbury-district-301154746.html

 

The next piece of news released last Friday is that they will start selling their own branded clowns at all dispensaries and the expansion of the farm by 50%.  The work should be completed by the end of Q1 2021. 

 

https://ceo.ca/@newswire/harborside-inc-announces-cultivation-facility-upgrades

 

Keep in mind that we currently have 22 million shares outstanding giving us that crazy share price growth these days.  Volume is going up.  The last 2 days alone we have over 630,000 traded when we normally have 40,000 shares a day.  We’ve also had many days with daily volume of approximately 75,000 shares.

 

THE NEW TARGET PRICE IS $3.25 (APRIL 2021)

 

This new target is based on all the information above, Analyst coverage information and forward looking catalysts.  For more information, read tomorrow night’s discussion.

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