HRVOF - Harvest One Cannabis: Highly Undervalued Cannabis Stock
Harvest One (HRVOF) should not trade at 5.2x forward revenue as other peers with less revenue growth are trading at more than 25x. Investors should not be able to justify such a low valuation. In addition, the company seems small, which is many times a risk.
With that, if revenue growth continues and the market trusts this name, the EV/Sales ratio should improve. Keep in mind that for the six months ended September 31, 2018, Harvest One had CAD 5.6 million, 3,062% more than that in the same period in 2017.
Business
Founded in 2008,