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This Could be the Key to Harvest Health & Recreation Inc (OTCMKTS:HRVSF) Continued Momentum

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We have been touting the upside potential of Harvest Health & Recreation Inc (OTCMKTS:HRVSF) over the past couple months. The stock has been running higher in that time as the “new kid on the block” in the patch, and the action last week was another indication of upside momentum and further breakout potential. This stock continues to suggest more to come. To make matters more interesting, the company just announced that it will deliver the Welcome Keynote, “Tapping the Beverage Market Boom,” at Cannabis Conference 2019, April 1-3, in Las Vegas, Nev.

“While alcohol and cannabis differ in many ways, the regulatory framework and consumer trends shed light on the future of the plant in this country and around the world,” said Cochran, who is the former CEO of multistate cannabis company Loudpack Inc., former CEO of Pabst Brewing Company, and former president and COO of Fiji Water Company. “I’m excited to share the lessons I’ve learned after decades at some of the largest beverage and cannabis companies in the world with attendees of Cannabis Conference.”

Harvest Health & Recreation Inc (OTCMKTS:HRVSF) bills itself as Harvest Health & Recreation Inc. cultivates, manufactures, and retails cannabis in the United States. The company is headquartered in Vancouver, Canada.

Harvest Health & Recreation Inc. is one of the first consistently profitable, vertically integrated cannabis companies with one of the largest footprints in the U.S. Harvest’s complete vertical solution includes industry-leading cultivation, manufacturing, and retail facilities, construction, real estate, technology, operational, and brand building expertise — leveraging in-house legal, HR and marketing teams, along with proven experts in writing and winning state-based applications.

The company has more than 525 employees with proven experience, expertise and knowledge of in-house best practices that are drawn upon whenever Harvest enters new markets. Harvest’s executive team is comprised of leaders in finance, compliance, real estate and operations.

Since its founding in 2011, Harvest has grown its footprint every year, has been ranked as the third largest cultivator in the U.S. and currently owns licenses for more than 130 facilities across the U.S. Harvest shares timely updates and releases as part of its regular course of business with the media and the interested public.

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As noted above, HRVSF just announced that it will deliver the Welcome Keynote, “Tapping the Beverage Market Boom,” at Cannabis Conference 2019, April 1-3, in Las Vegas, Nev.

“John’s experience at leading beverage brands and his role at Harvest Health & Recreation can shed light on key opportunities in today’s cannabis industry. We’re excited for our attendees to have the opportunity to learn from him,” said Noelle Skodzinski, Cannabis Conference editorial director.

Recent action has seen 21% added to share values of the company over the past month of action. Furthermore, the listing has seen interest climb, with an increase in recent trading volume of a bit less than 220% beyond what we have been seeing over the larger time frame. Traders should note this as important with a float in play that’s extremely small — roughly 940K shares.

“Cannabis Conference is the most valuable educational event we have brought to market for plant-touching cannabis businesses. What a fitting way to kick off the week with a Keynote from John,” said Jim Gilbride, group publisher, who oversees the Cannabis Conference.

At this time, carrying a capital value in the market of $691.84M, HRVSF has about $1.1M in cash currently on the books, which must be weighed relative to about $8.6M in total current liabilities. The company has pulled in about $11.6M in total trailing 12-month revenues. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $HRVSF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $HRVSF, either long or short, and we have not been compensated for this article.

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