Like a decently growing marijuana plant, Harvest Health & Recreation (OTC: HRVSF) is showing some encouraging improvements in its fundamentals as revealed in its fourth quarter of fiscal 2020 results published on Tuesday.
For the quarter, the cannabis company earned $69.9 million. That was 85% higher on a year-over-year basis and 13% better than the third-quarter result.
On the bottom line, Harvest Health managed to narrow its net loss to a comparatively mild $5.2 million. In Q4 2019, the company posted a shortfall of $59.6 million, and in the previous quarter the deficit was nearly $84.5 million.
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Harvest Health & Recreation Posts 85% Revenue Growth and Narrows Loss in Q4