Hello Harvest One Investors,
Welcome to the April edition of our newsletter. We sent our first newsletter a few weeks ago, giving you a rundown of what Harvest One had been up to during the first quarter of the calendar year. April was a bit of a slower month in public company news, but not the least bit slow regarding execution of our plans. We as a team are steadfastly focused on delivering on our plans and announcements for you, our valued investors.
To celebrate 4/20 our retail partner “burb” launched their website, the fashion arm of their business and opened the doors of their first location in Port Coquitlam, BC. The store does not feature cannabis yet, but people can visit to see how their vision has come to life and check out some of their newly released merchandise and accessories. We are excited about this partnership and look forward to what’s in store next. We expect the opening of the first two stores, with cannabis, soon after the final licensing has been granted. Stay tuned for updates on these exciting developments later in May.
April was an opportunity for myself and others to continue to tell the Harvest One story on the conference circuit. Most notably, I had the opportunity to present Harvest One at the Benzinga conference in Toronto, April 17 & 18. Overall the event was a success as we connected with many investors and other entities in the space. Will Stewart, our SVP of Corporate & Public Affairs, was interviewed by CFN about Harvest One and the unique political challenges our industry faces in Canada later this year with both new regulations and a federal election. My presentation and Will’s interview are featured in this newsletter.
Looking ahead to May, we will continue to work hard behind the scenes executing on our plans and strategy for growth. Of course, we will release our most recent quarterly results and we are looking forward to welcoming Dr. Joseph Gabriele and the Delivra team as we are scheduled to close on that transaction in late May. This and additional updates on the growth of Harvest One has us excited for what lies ahead.
Thank you for your continued support on this journey.
Grant Froese
CEO
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April & Early May, 2019 News
April 1, 2019 – Harvest One Acquires Majority Interest in Greenbelt Greenhouse
Harvest One continues with a strategic acquisition approach by adding the Greenbelt Greenhouse to our portfolio. The Greenbelt facility will provide extraction capabilities for branded products. Click here to read the release in full.
April 11, 2019 – Delivra Announces Record Sales For 2018
In late March, Harvest One announced the acquisition of Delivra. Following the close of the transaction, scheduled for late May, Delivra’s revenue will start adding directly to our top line. Click here for a snapshot of their 2018 revenue.
May 2, 2019 – Harvest One Announces New Addition to Leadership Team
Harvest One continues to add to the already stellar leadership core. Another former senior executive from Loblaw joins the team. Click here to read the release in full.
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In The Media
Will Stewart, SVP and in-house influencer, is interviewed by CFN to tell Harvest One’s story and discuss the cannabis industry from a political perspective. Click the picture below or click here to watch the video.
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On April 1, Harvest One announced the majority acquisition of Greenbelt Greenhouse. A couple weeks later, CFN Media did a deep dive into what it means for us and how it fits into our strategy moving forward. To read the article, click the image below or click here.
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Grant Froese, CEO interview with James West of Midas Letter. Click the picture below or click here.
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Brand and Partner Updates
Satipharm and Shoppers Drug Mart
Last month we announced an agreement to become a medical cannabis supplier to Shoppers Drug Mart. Under the terms of the agreement, Harvest One will supply Shoppers Drug Mart with Satipharm branded medical cannabis products. Days later we announced our successful first shipment to Shoppers. At the time of the first shipment, Shoppers was only selling online in Ontario. In late April, Shoppers announced that their online medical cannabis portal is now open to Ontario and Alberta. Whether you’re in Alberta or Ontario or you just want to check out the portal and our Satipharm brand, click here. |
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burb
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HARVEST ONE APRIL EVENTS
In April, Harvest One attended the Cannabis Capital Conference, presented by Benzinga in Toronto from April 17-18. The conference was an opportunity for our team to connect with investors and other companies within the cannabis space. The highlight of the two day conference for Harvest One is when our CEO, Grant Froese, took the stage on the 18th to present Harvest One’s story. If you were not able to attend, don’t worry, the presentation was filmed and you can watch it by clicking the image above or click here.
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HVT Monthly Stock Performance
The following graphs illustrate the performance of Harvest One on the TSXV exchange (HVT) and the OTCQX exchange (HRVOF) between April 3, 2019 and May 3, 2019.
HVT graph between April 3, 2019 and May 3, 2019 HRVOF graph between April 3, 2019 and May 3, 2019
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If you are interested in viewing our most recent investor deck please click here or on the image below.
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MMJPhytotech
