Harvest Health & Recreation Inc. cultivates, processes, sells, and retails cannabis in the United States. More Details
High growth potential and overvalued.
Share Price & News
How has Harvest Health & Recreation's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HARV is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: HARV's weekly volatility has decreased from 16% to 11% over the past year.
7 Day Return
1 Year Return
Return vs Industry: HARV underperformed the Canadian Pharmaceuticals industry which returned 48% over the past year.
Return vs Market: HARV exceeded the Canadian Market which returned 1.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Harvest Health & Recreation's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StIs There An Opportunity With Harvest Health & Recreation Inc.'s (CSE:HARV) 46% Undervaluation?
2 years ago | Simply Wall StIs Harvest Health & Recreation Inc's (CNSX:HARV) ROE Of 10% Impressive?
Is Harvest Health & Recreation undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: HARV (CA$4.31) is trading above our estimate of fair value (CA$3.76)
Significantly Below Fair Value: HARV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HARV is unprofitable, so we can't compare its PE Ratio to the CA Pharmaceuticals industry average.
PE vs Market: HARV is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HARV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HARV is good value based on its PB Ratio (1.7x) compared to the CA Pharmaceuticals industry average (2.7x).
How is Harvest Health & Recreation forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HARV is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: HARV is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: HARV's is expected to become profitable in the next 3 years.
Revenue vs Market: HARV's revenue (35.1% per year) is forecast to grow faster than the Canadian market (8% per year).
High Growth Revenue: HARV's revenue (35.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HARV's Return on Equity is forecast to be low in 3 years time (1.7%).
How has Harvest Health & Recreation performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HARV is currently unprofitable.
Growing Profit Margin: HARV is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HARV is unprofitable, and losses have increased over the past 5 years at a rate of 73.7% per year.
Accelerating Growth: Unable to compare HARV's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HARV is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (-61.1%).
Return on Equity
High ROE: HARV has a negative Return on Equity (-32.89%), as it is currently unprofitable.
How is Harvest Health & Recreation's financial position?
Financial Position Analysis
Short Term Liabilities: HARV's short term assets ($203.2M) exceed its short term liabilities ($119.1M).
Long Term Liabilities: HARV's short term assets ($203.2M) do not cover its long term liabilities ($363.8M).
Debt to Equity History and Analysis
Debt Level: HARV's debt to equity ratio (76.5%) is considered high.
Reducing Debt: Insufficient data to determine if HARV's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: HARV has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if HARV has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Harvest Health & Recreation current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HARV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HARV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HARV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HARV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HARV's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve White (47 yo)
Mr. Steven Mathew White, also known as Steve, founded Harvest Health & Recreation Inc. in 2011 and serves as its Chief Executive Officer and Director since November 15, 2018. He serves as Chief Executive O...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD6.63M) is above average for companies of similar size in the Canadian market ($USD1.18M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
|Chief Strategy Officer & Director||2.17yrs||US$971.79k||0.039% |
|Chief of Staff||2.08yrs||US$4.49m||0.041% |
|Chief Financial Officer||0.58yr||no data||0.024% |
|Director of Investor Relations||no data||no data||0.000040% |
|VP, General Counsel & Secretary||1.58yrs||no data||no data|
|Head of Corporate Communications||no data||no data||no data|
|Head of Human Resources||no data||no data||no data|
|VP & Head of Retail||2.25yrs||no data||no data|
|Senior VP of Product Innovation||2yrs||no data||no data|
|Controller||0.75yr||no data||no data|
Experienced Management: HARV's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|Chief Strategy Officer & Director||2.17yrs||US$971.79k||0.039% |
|Independent Director||1.08yrs||US$16.67k||0.041% |
|Independent Director||0.67yr||no data||0.027% |
|Independent Director||1.08yrs||US$16.67k||0.014% |
|Special Advisor to Board||1.08yrs||no data||3.74% |
|Independent Chairman of the Board||0.83yr||US$976.00k||0.025% |
Experienced Board: HARV's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 105.3%.
Harvest Health & Recreation Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Harvest Health & Recreation Inc.
- Ticker: HARV
- Exchange: CNSX
- Founded: 2011
- Industry: Pharmaceuticals
- Sector: Pharmaceuticals & Biotech
- Market Cap: CA$882.610m
- Shares outstanding: 225.16m
- Website: https://www.harvestinc.com
Number of Employees
- Harvest Health & Recreation Inc.
- 1155 West Rio Salado Parkway
- Suite 201
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HARV||CNSX (Canadian National Stock Exchange)||Yes||Subordinate Voting Shares||CA||CAD||Nov 2018|
|HRVS.F||OTCPK (Pink Sheets LLC)||Yes||Subordinate Voting Shares||US||USD||Nov 2018|
Harvest Health & Recreation Inc. cultivates, processes, sells, and retails cannabis in the United States. The company offers cannabis oil; inhalables, including flower, dabbable concentrates, pre-filled va...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/22 23:09|
|End of Day Share Price||2021/01/22 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.