Rapid Reaction: Harvest Health adapting to new market reality

Rapidly changing cannabis market conditions are forcing companies to dial back growth plans, restructure acquisitions, change guidance strategy, reduce spending and alter funding plans.

We believe more cannabis companies will need to make similar changes to adapt to the rapidly evolving business landscape.

The sooner that management teams recognize new market realities and adapt their business models to effectively compete in the new landscape, the better opportunity those companies have to succeed at creating shareholder value.

On its third-quarter earnings conference call, Phoenix-based Harvest Health & Recreation (CSE: HARV) discussed multiple changes, including:

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