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Harvest One 08/07/2019

Harvest One June 2019 Newsletter

 

Hello Harvest One Investors,

Welcome to the June 2019 edition of our newsletter. The end of June represents the end of our 2019 fiscal year. Several key objectives were executed within this past year and investors are starting to see significant milestones from Harvest One and our subsidiaries.

This week, we announced the closing of the Delivra acquisition and we are excited to welcome Dr. Joseph Gabriele and his team to the Harvest One family. Not only are we excited about the brands, but with the addition of Dr. Joe, we have added a formulation expert to our team. Delivra’s brand, LivRelief™, is Canada’s leading nerve pain relief topical and will be added to our existing portfolio. This also ensures that Harvest One will be amongst the first movers on cannabinoid-infused topicals in Canada later this year and globally, where regulations allow.

Early this month, Satipharm achieved a major milestone as it announced its entrance into brick & mortar stores through a supply agreement with Holland & Barrett, Europe’s largest retailer of nutritional supplements and wellness products. Satipharm’s 10mg CBD Gelpell® capsules are now available in 1300 stores throughout Ireland and the UK. This signals the first of many supply agreements with retailers as Satipharm works to expand its distribution network in Europe.

In June, Health Canada released new regulations for Cannabis 2.0, providing a framework for the official legalization of derivative products. These new regulations support Harvest One’s strategy as we work towards the infusion of our LivRelief™ and Dream Water brands as well as other select products under development such as vapes and edibles.

It is important to note that construction remains in progress at both our Duncan and Lucky Lake facilities, as we continue to scale up capacity to support our retail supply agreements and future product development.

Considering recent market conditions within the cannabis sector, year to date, our stock price has performed favourably in comparison to our peers. We remain focused on the key strategic initiatives of our business and will continue to execute on our strategy to ensure the long-term growth and success of the company.

Thank you for your continued support on our journey.

Grant Froese
CEO


JUNE & EARLY JULY 2019 NEWS

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.

June 28, 2019 – Harvest One & Delivra Provide Update on Closing Date of Transaction
The companies jointly announced a new transaction completion date of July 3, 2019.

Click here to read the release in full.

July 3, 2019 – Harvest One Officially Acquires Delivra
Harvest One officially closes on previously announced Delivra Acquisition. 

Click here to read the release in full.


IN THE MEDIA

Our SVP and in-house influencer, Will Stewart, sat down with Steve Darling to discuss the new distribution agreement between Satipharm and Holland & Barrett, Europe’s largest retailer of nutritional supplements and wellness products. Click on the video below to watch.

Follow Will on Twitter

OTHER NEWS


Our VP of Investor Relations, Colin Clancy, presented live at a Virtual Investor Conference.
Click here to listen to the full presentation and sign in or register if you are new to the site.


Harvest One was 1 of 30 companies added to the OTCQX Cannabis Index.
Click here to read the article.


Mackie Research and Haywood Securities

This past month, both Mackie Research and Haywood Securities released updated analyst reports with both reiterating a BUY recommendation on Harvest One. Greg McLeish of Mackie Research maintained his BUY target price of $2.00. Neil Gilmer of Haywood Securities adjusted his BUY target price to $1.25.


Harvest One was featured in a Motley Fool article, “The Top 3 Cannabis Stock Trading Under a Dollar”. 
Click here to read the article.


Will Stewart wrote a piece for the June 23, 2019 edition of the Toronto Sun. The article focused on the recently released regulations and how he believes that derivative products will play a key role in the broader acceptance of cannabis.
Click here to read the article.


On June 25, 2019, the Canadian Chamber of Commerce issued a press release announcing the formation of the National Cannabis Working Group. Harvest One is proud to be a part of this group that will develop and advocate for public policies that will improve the growth and competitiveness of the Canadian cannabis sector.
Click here to read the full release.


Will Stewart remained busy into the first week of July as he appeared on a live stream with Business of Cannabis. In the interview, Will discussed a myriad of topics, including Bruce Linton’s departure from Canopy Growth, politics, and where he sees the industry growing.
Click here to watch the interview.


Harvest One was featured in an INN Cannabis article with a handful of other companies. The article is focused on the growing support of major US retailers towards the CBD health and wellness market.
Click here to read the article.


Midas Letter wraps up the Harvest One news flow with a short video, about the closing of the acquisition of Delivra. Click on the video below to watch.


BRAND AND PARTNER NEWS


In our April recap, we highlighted the grand opening of “burb” at its flagship store located at 1502 Broadway Street in Port Coquitlam, B.C. The official opening was on April 20th and also coincided with the launch of their website and fashion line. The “burb” store offers a selection of apparel and cannabis accessories with cannabis set to hit the shelves upon receiving their license. Since opening, “burb” has received a good amount of publicity, with their most recent interview being in Forbes.
Click here to read the article.


TruTrace Technologies and Shoppers Drug Mart are partnering to bolster Shoppers’ medical cannabis retail platform. In February, we announced that Harvest One was one of the first companies to use TruTrace’s StrainSecure technology and in March we announced a medicinal cannabis supply agreement with Shoppers.
Click here to read more on their partnership.


HVT Monthly Stock Performance

The following graphs illustrate the performance of Harvest One on the TSXV Exchange (HVT) and the OTCQX Exchange (HRVOF) between June 5, 2019, and July 5, 2019.

 
HVT graph between June 5, 2019, and July 5, 2019




HRVOF graph between June 5, 2019, and July 5, 2019


If you are interested in viewing our most recent investor deck please click here or on the image below.

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