CNSX:HARV

Stock Analysis Report

Executive Summary

Harvest Health & Recreation Inc. cultivates, processes, and retails cannabis in the United States.

Snowflake

Fundamentals

High growth potential with mediocre balance sheet.

Risks

  • Harvest Health & Recreation has significant price volatility in the past 3 months.

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


Market Performance


7 Day Return

-9.6%

CNSX:HARV

-4.8%

CA Pharmaceuticals

1.0%

CA Market


1 Year Return

n/a

CNSX:HARV

-34.4%

CA Pharmaceuticals

-5.0%

CA Market

No trading data on HARV.

No trading data on HARV.


Share holder returns

HARVIndustryMarket
7 Day-9.6%-4.8%1.0%
30 Day-9.1%-11.6%-2.8%
90 Day-39.8%-31.9%-1.7%
1 Yearn/a-34.3%-34.4%-1.7%-5.0%
3 Yearn/a339.4%337.2%14.7%4.4%
5 Yearn/a303.8%303.8%12.5%-3.3%

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

Valuation

Is Harvest Health & Recreation undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Harvest Health & Recreation's share price is below the future cash flow value, and at a moderate discount (> 20%).

Harvest Health & Recreation's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Harvest Health & Recreation is loss making, we can't compare its value to the CA Pharmaceuticals industry average.

Harvest Health & Recreation is loss making, we can't compare the value of its earnings to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Harvest Health & Recreation, we can't assess if its growth is good value.


Price Based on Value of Assets

Harvest Health & Recreation is overvalued based on assets compared to the CA Pharmaceuticals industry average.


Next Steps

Future Growth

How is Harvest Health & Recreation expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

159.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Harvest Health & Recreation's revenue is expected to grow significantly at over 20% yearly.

Harvest Health & Recreation's earnings are expected to grow significantly at over 20% yearly.

Harvest Health & Recreation's revenue growth is expected to exceed the Canada market average.

Harvest Health & Recreation's earnings growth is expected to exceed the Canada market average.

Harvest Health & Recreation's earnings growth is expected to exceed the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Harvest Health & Recreation will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Harvest Health & Recreation performed over the past 5 years?

-2555.0%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Harvest Health & Recreation does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.

Unable to compare Harvest Health & Recreation's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Harvest Health & Recreation's 1-year growth to the CA Pharmaceuticals industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Harvest Health & Recreation has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Harvest Health & Recreation has efficiently used its assets last year compared to the CA Pharmaceuticals industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Harvest Health & Recreation improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Harvest Health & Recreation's financial position?


Financial Position Analysis

Harvest Health & Recreation is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Harvest Health & Recreation's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Harvest Health & Recreation's level of debt (27.9%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Harvest Health & Recreation's debt level has increased without past 5-year debt data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.9x debt.


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.

Information is not available.

Unable to confirm if Harvest Health & Recreation has at least 1 year of cash runway based on growing free cash flows without relevant data.


Next Steps

Dividend

What is Harvest Health & Recreation's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Harvest Health & Recreation's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Harvest Health & Recreation's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Harvest Health & Recreation has not reported any payouts.

Unable to verify if Harvest Health & Recreation's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Harvest Health & Recreation has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Harvest Health & Recreation's salary, the management and board of directors tenure and is there insider trading?

0.7yrs

Average management tenure


CEO

Steve White (45yo)

0.8yrs

Tenure

0

Mr. Steven Mathew White, also known as Steve, Founded Harvest Health & Recreation Inc. and serves as its Chief Executive Officer and Director since November 15, 2018. In 2005, Mr. White founded his own bou ...


Management Age and Tenure

0.7yrs

Average Tenure

45yo

Average Age

The average tenure for the Harvest Health & Recreation management team is less than 2 years, this suggests a new team.


Board Age and Tenure

0.8yrs

Average Tenure

50yo

Average Age

The average tenure for the Harvest Health & Recreation board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Kevin George (52yo)

    Chief Marketing Officer

    • Tenure: 0.6yrs
  • Steve Gutterman (49yo)

    President

    • Tenure: 1.0yrs
  • Leo Jaschke

    Chief Financial Officer

    • Tenure: 0.8yrs
  • Christine Hersey

    Director of Investor Relations

    • Tenure: 0.0yrs
  • John Cochran

    Chief Operating Officer

    • Tenure: 0.6yrs
  • Alex Howe

    Head of Corporate Communications

    • Tenure: 0.0yrs
  • Nicole Stanton

    VP & General Counsel

    • Tenure: 0.2yrs
  • Steve White (45yo)

    Founder

    • Tenure: 0.8yrs
  • Jason Vedadi (40yo)

    Executive Chairman

    • Tenure: 0.0yrs
  • Siobahn Carragher (43yo)

    Director of Human Resources

    • Tenure: 0.0yrs

Board Members

  • Frank Bedu-Addo (55yo)

    Director

    • Tenure: 0.8yrs
  • Elroy Sailor (50yo)

    Director

    • Tenure: 0.8yrs
  • Mark Barnard (56yo)

    Director

    • Tenure: 0.8yrs
  • Steve White (45yo)

    Founder

    • Tenure: 0.8yrs
  • Jason Vedadi (40yo)

    Executive Chairman

    • Tenure: 0.0yrs

Company Information

Harvest Health & Recreation Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Harvest Health & Recreation Inc.
  • Ticker: HARV
  • Exchange: CNSX
  • Founded:
  • Industry: Pharmaceuticals
  • Sector: Pharmaceuticals & Biotech
  • Market Cap: CA$1.863b
  • Shares outstanding: 305.95m
  • Website: https://www.harvestinc.com

Number of Employees


Location

  • Harvest Health & Recreation Inc.
  • 1155 West Rio Salado Parkway
  • Suite 201
  • Tempe
  • Arizona
  • 85281
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HARVCNSX (Canadian National Stock Exchange)YesSubordinate Voting SharesCACADNov 2018
HRVS.FOTCPK (Pink Sheets LLC)YesSubordinate Voting SharesUSUSDNov 2018

Biography

Harvest Health & Recreation Inc. cultivates, processes, and retails cannabis in the United States. It operates five stores. The company is headquartered in Tempe, Arizona. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:45
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.