Harvest Health & Recreation Posts Q4 Results, Reveals New Litigation
Marijuana company Harvest Health & Recreation (OTC: HRVSF) released its fiscal fourth-quarter figures on Tuesday, and there was good news on the revenue front.
For the final quarter of its fiscal 2019, total revenue hit nearly $37.8 million, which was 123% higher on a year-over-year basis, and up 14% from the preceding quarter. The company's net loss widened, however, to $88.9 million ($0.31 per share) from both the Q4 2018 loss of $71.1 million and the quarter-ago shortfall of $39.1 million.
On a non-IFRS (adjusted) EBITDA basis, Harvest Health lost just over $6.8 million in the quarter, representing a flip from Q4 2018's adjusted profit of nearly $2.4 million, but a narrower adjusted loss than the preceding quarter's $10.9 million.
Source Fool.com
