Harvest Health & Recreation (CSE:HARV)

  • Symbol:CSE:HARV
  • Ticker 2:OTCMKTS:HRVSF
  • Sector:Healthcare
  • Industry:Pharmaceutical
  • CEO:Steve White
  • Founded:2007
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Harvest Health & Recreation (CSE:HARV) Stock Price

Harvest Health & Recreation (CSE:HARV) Company Overview

Headquartered in Tempe, Arizona, Harvest Health and Recreation (OTC: HRVSF) is one of the leading US Multi-State Operators (MSOs). The company received its very first license in 2012, opened its first dispensary in 2013, and has grown significantly since.

As of June 30, 2019, the Company operates 16 retail locations, with pending acquisitions that could give the company the rights to 142 retail locations, 42 cultivation facilities, and 35 processing facilities.

Currently, they are still waiting on approval and closure of Verano Holdings, Falcon, and CannaPharmacy purchases. By the end of this calendar year, the company expects to have over 70 dispensaries, 13 cultivation facilities, and 13 manufacturing facilities in operation. In addition, they also gave revenue guidance of $223 million in 2019 and $559 million in 2020.

Harvest's complete vertical integration includes cultivation, manufacturing, retail facilities, construction, real estate, technology, operational, and brand building expertise. The company currently has over 625 employees.

Harvest Health & Recreation (CSE:HARV) Financials

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Management

Steve White
Chief Executive Officer
Steve White is the Chief Executive Officer of Harvest, having founded the company with an understanding that while cannabis can improve lives, there was a lack of trusted and high-quality companies to offer patients access.

Prior to launching Harvest in 2011, he worked for two national law firms, before founding his own boutique firm in 2005. He graduated summa cum laude from Arizona State's Honors College and from Washington & Lee University School of Law.
Jason Vedadi
Executive Chairman
Jason Vedadi is the Executive Chairman of Harvest Health & Recreation. He attended the University of Montana, where he completed a business degree in 2001.

Vedadi subsequently opened his own mortgage company, which had a substantial client base of both residential and commercial entities. Following this, he launched Titanium Builders and Development, which specializes in a varied array of construction and refurbishment projects, from large-scale hotel modernization to planned communities.
Steve Gutterman
President
Steve Gutterman is President of Harvest. He has more than 20 years of business leadership experience, leading multiple high growth businesses and conducting 40 acquisitions and dispositions.

Gutterman has previously served as the CEO of Mobile Accord, the former Executive Vice President and Chief Operating Officer of E*TRADE Bank and President of MBH Enterprises Private Equity.

He received a JD/MBA from Columbia University and a B.A. cum laude from Tufts University.
John Cochran
Chief Operating Officer
John Cochran has decades of experience leading and driving revenue, profitability, and value at large and well-known multinational brands, including Hollandia Produce, Ole Smoky Distillery, Pabst Blue Ribbon, and the Fiji Water Company.

He also spent six years with the parent company of Fiji Water, Roll International, owner of juice company POM Wonderful; worked in South Asia as president of General Electric Lighting, and was a Captain in the United States Air Force where he was awarded two Air Force Commendation Medals for Superior Performance.
Leo Jaschke
Chief Financial Officer
Leo Jaschke has built his career leading and performing accounting, finance and treasury functions for national footprint companies such as Celestial Seasonings.

Leo also served as the CFO for a private equity firm where he promoted growth and profitability of a portfolio of companies through organic expansion and mergers and acquisitions. He holds an MBA from the University of Denver's Daniels College of Business, a BS in accounting from Minnesota State University, Mankato, and is a Certified Management Accountant.