Harvest Health revenue and costs. Source: Author based on company filings.
Summary
Harvest Health (OTCQX:HRVSF) shares are doing very poorly in the current COVID-19-fueled downturn. While not directly affected by the virus, cannabis stocks are high beta speculative investments which will tend to fare poorly during periods of uncertainty. Harvest's poor management has exacerbated this situation with recent actions, including a telling lawsuit against a would-be acquisition target, the departure of Harvest's executive chairman with a bizarre separation agreement, and the need to raise capital by diluting shareholders at poor share prices.
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