Harvest One May 2019 Newsletter
Hello Harvest One Investors,
Welcome to the May 2019 edition of our newsletter. The purpose of our monthly newsletters is to keep our investors informed as to the progress of the company. We remain focused on the key strategic initiatives of our business and are pleased to provide you with the following updates.
First, we are continuing to increase our cultivation capacity with our expansion at our Duncan facility as well as our build out at Lucky Lake. Our expectation is that both projects will be on-line by the fourth quarter and phase one of our Duncan expansion should be licensed shortly. Second, as you’ve seen by our recent announcements, we continue to expand the distribution and reach of our brands by securing additional supply agreements with retailers around the globe.
We believe our vision to be a leading health, wellness and self-care company resonates with our shareholders and we continue to promote our strategy within the investment community.
Our focus is and continues to be the implementation and execution of our strategy. For reference I’ve summarized our recent news below.
People are critical to any organization and its ability to execute on its strategy. In early May,
we added an integral piece to Harvest One’s leadership team. Deb Milimaka Miles was introduced as our Chief Administrative Officer and Chief People Office. Deb’s depth of experience in transforming teams, driving process efficiencies and integrating culture across acquisitions is a highly valued skillset as the organization continues to expand and grow.
In late May, we announced our financial and operating results for our fiscal third quarter. We are pleased with our progress and positive momentum as we continue to scale up operations, add to our portfolio of brands and prepare for the roll out of value-added products later this year.
Just a few days ago, we were very happy to announce Satipharm’s new supply agreement with Holland & Barrett. Holland & Barrett is Europe’s largest retailer of nutritional supplements and wellness products. This supply agreement represents a pivotal step in our global strategy.
These events grabbed headlines in May, and you can review the official version of these releases in this newsletter. We believe that creating investor value is more than a monthly, quarterly or even yearly snapshot. With an eye to the future, we will continue to execute on our strategy to ensure the long-term growth and success of the company.
Thank you for your support on our journey.
May and Early June 2019 News
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.
May 30, 2019 – Harvest One Announces 3rd Quarter Financials
Harvest One continues to execute on strategy of being a leading health, wellness and self-care company. Click here to read the release in full.
June 6, 2019 – Satipharm Signs Supply Agreement With Holland & Barrett
Harvest One signs supply agreement with Europe’s largest retailer of nutritional supplements and wellness products. Click here to read the release in full.
In early May, CFN wrote an article around a previous video interview they did with our SVP, Will Stewart.
Click here to read the full article.
Our CEO, Grant Froese sat down with INN for an in-depth interview on the company and its subsidiaries. Click here to read the full interview.
Harvest One was 1 of 30 companies added to the OTCQX Cannabis Index.
To read more on the index click here.
Brand and Partner Updates
Dream Water is a safe, non-habit forming solution to sleepless nights. So who uses it? The Dream Water team has created an awesome graphic that showcases the different users. Do you fall under any of these profiles?
Satipharm launched their CBD Gelpell® capsules in Holland & Barrett stores across the UK and Ireland. Holland & Barrett International is one of the world’s leading health and wellness retailers and the largest in Europe, supplying its customers with a wide range of vitamins, minerals, health supplements, specialist foods and natural beauty products. With over 145 years of experience in the industry, the Holland & Barrett name is a familiar sight in almost every major city and town across the UK. It is becoming increasingly more visible further afield, in markets as diverse as the Netherlands and Malta to the UAE, China and India, with more than 1,300 stores across the Globe.
HVT Monthly Stock Performance
The following graphs illustrate the performance of Harvest One on the TSXV exchange (HVT) and the OTCQX exchange (HRVOF) between May 7, 2019 and June 7, 2019.
HVT graph between May 7, 2019 and June 7, 2019
HRVOF graph between May 7, 2019 and June 7, 2019
If you are interested in viewing our most recent investor deck please click here or on the image below.
For more information or to set up a call with Investor Relations, please contact:
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Colin Clancy, VP of Investor Relations