HTHHF - Harvest Health & Recreation begins trading on the OTCQX Best Market
One of the largest cannabis companies in the U.S., Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) announced on Wednesday that it has begun to trade on the OTCQX Best Market. The Arizona-based company, which was recently awarded a provisional processor license in Ohio upgraded to the new exchange under the stock ticker “HTHHF.”
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As recently reported here on PotNetwork, Harvest has a footprint in 12 states in the U.S. reaching from California to Pennsylvania. After receiving top marks from Ohio’s Medical Marijuana Control Program, the company now holds a processing license, a tier 1 cultivation license and three retail dispensary licenses in the state.
“Trading on the OTCQX Best Market is an important milestone for Harvest,” said Harvest CEO Steve White in a statement. “Trading on OTCQX provides us with better investor visibility and more opportunities for our global investors. We look forward to using the OTCQX to continue penetrating into competitive markets and connect with a more diverse network of potential investors.”
Harvest Chairman Jason Vedadi added: “Since day one of going public, one of our goals has been to move onto the OTCQX. Harvest is one of the fastest growing companies in one of the fastest growing industries in the world, and OTCQX will allow us to continue harnessing that momentum. Working up the investor ladder as a cannabis company is a monumental task, and we are excited to continue making strides towards becoming the biggest cannabis brand in the world.”
Harvest is one of the largest cannabis retailers in Pennsylvania having bypassed the state’s 15 license limit with a little creativity. The company applied under six different business entities, allowing them the opportunity to dominate the market.
In total, Harvest has over 60 licenses and employs more than 525 employees across the U.S. The stock closed down 1.32 percent on Wednesday, and currently trades at $6.34 per share.