Home Financial Markets Penny Stocks Harvest Health & Recreation, Inc. (HRVSF) prospects seem brighter

Harvest Health & Recreation, Inc. (HRVSF) prospects seem brighter

Harvest Health & Recreation Inc [HRVSF] stock plummeted -3.17 percent to $4.1250 at the previous close. Volume reached 138.58K, as compared to 1.76M for the 30-day average. Last year, the stock’s value ranged from $0.4577 to $4.5028.

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Health & Recreation Inc. is a multi-state cannabis operator and vertically integrated cannabis company with headquarters in Tempe. Harvest has expanded its retail and wholesale presence within the U.S. since 2011, growing cannabis products for consumers, patients, and retail dispensaries and manufacturing the cannabis. Harvest has a footprint spanning multiple states in the U.S. through organic license wins, service agreements, and targeted acquisitions. Its mission is to improve lives through the goodness of cannabis.

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Most Recent Developments

  • 25, 2021- Harvest Health & Recreation Inc. (OTCQX: HRVSF) announced its sale-leaseback with Innovative Industrial Properties, Inc. (NYSE:IIPR) was completed. Harvest sold a 292,000 square foot industrial property for $23.8 million. Harvest obtained a triple net lease from IIP concurrent with the sale. Harvest expects to recover up to approximately $10.8 million in tenant improvements from IIP and plans to continue operating the property as a licensed cultivation and processing facility. A total of $34.6 million is expected to be received due to the transaction about Harvest Health & Recreation Inc.

Finally,

Although investors have many options, however, even with all of the hype, investors still should proceed with caution before investing in marijuana businesses.

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