Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
Harvest Health (OTCQX:HRVSF) has fallen 49% in 2020 so far while underperforming all major MSOs except Acreage (ACRGF) which has a host of its own issues. We think Harvest's struggle stems from its overly ambitious acquisition strategy that backfired when funding dried up and regulatory delays killed deals. The company is now focusing on its existing assets but it will need to demonstrate it can grow profitably which