Harvest Health & Recreation (HRVSF) is acquiring new businesses at a fast pace. Through this strategy, the company is reporting 105% y/y revenue growth and 635% y/y asset growth. Besides, it is trading at an EV/Forward Revenue ratio of 20.4x. It is not expensive as compared to peers, which sell at 24-90x forward sales. Though there are several risks, institutions should follow this name. It seems poised to become a significant player in the industry.
Business
Founded in Arizona, Harvest Health & Recreation received its first license in 2012. As of today, the company claims