Harvest Health & Recreation reports improved marijuana revenue, net quarter loss

Arizona-based Harvest Health & Recreation, a major multistate operator, reported revenue of $26.6 million for the second quarter, a 153% jump from the $10.5 million booked in the same period last year.

Net loss for the second quarter, ending June 30, totaled $20.6 million compared with net income of $2.83 million for the same period in 2018.

Harvest, which plans to acquire Verano Holdings by the end of the year in a multimillion-dollar deal, trades on the Canadian Securities Exchange under the ticker symbol HARV.

More details on the quarterly results can be found here.

For analysis and in-depth looks at the investment trends and deals driving the cannabis industry forward, sign up for our premium subscription service, Investor Intelligence.

Leave a Reply

Your email address will not be published. Required fields are marked *