Feb 1, 2019 Harvest Health & Recreation Inc

Cannabis Stock to Watch: Harvest Health And Recreation Inc.


Analysts from across the industry are returning with positive recommendations aboutHarvest Health & Recreation Inc. (formerly RockBridge Resources Inc) (CSE:HARV) (OTCQX:HTHHF), is an Arizona-based vertically integrated public cannabis company pushing to have one of the largest footprints in the United States cannabis market. This multi-state operator (MSO) has applied for (and won) licenses in 12 states and have a track record of winning in every category, including vertical, retail cultivation, and processing licenses.

Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) Canadian listed stock is trading at CAD $9.61 with a trading volume of 516,687 shares today on the CSE while the US-listed stock (OTCQX:HTHHF) is trading at USD $7.35 with a trading volume of 227,900 shares.

Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) has a market cap of CAD $573,398,000 with 63,358,934 shares issued.

Investing.com

Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) received a solid BUY recommendation from Investing.com’s Daily Technical Analysis summary, with a whopping 12 Moving Average indicators suggesting “BUY” and 5 Technical Indicators indicating “BUY”.

HARV Consensus Estimates


Tradingview.com

Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) currently has a “BUY” recommendation from TradingView’s technical analysis, which takes into account multiple indicators to give an overall assessment of the stock’s price and direction. While the overall recommendation is a “BUY”, the moving averages indicators have been awarded a “STRONG BUY”.


MorningStar.com

Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) also received a “Fairly Valued” rating from Morningstar’s analysis page. According to Morningstar’s value assessment, Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) is trading at 12% discount with a fair value price of USD $7.32.


According to Morningstar, Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) has a 5-Star price of USD $3.77 per share, meaning the stock would be considered to be significantly undervalued at or below that price. Harvest Health & Recreation Inc. is currently listing a 1-Star price of USD $16.30, meaning the price would be considered significantly overvalued at or above a price of USD $16.30 according to Morningstar.

Overall, the sentiment on the street is quite positive.   Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HTHHF) looks promising and has been on quite a bull run the past week and a half since the company started to trade on the OTCQX.

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