Brief: Harvest One Cannabis Posts Qtrly Net Loss Per Share Of $0.02

Delivra Health Brands

26/11/2019 13:43

Nov 26 (Reuters) - Harvest One Cannabis Inc  HVT.V :
    * HARVEST ONE REPORTS RECORD REVENUES FOR FIRST QUARTER
2020;
OUTLINES ENHANCED STRATEGIC PLAN FOCUSED ON BRAND DEVELOPMENT
AND DISTRIBUTION, COST SAVINGS AND ACHIEVING PROFITABILITY
    * HARVEST ONE CANNABIS INC -  NET REVENUE OF $4.1 MILLION
FOR
THREE MONTHS ENDED SEPT 30, 2019, REPRESENTING 142% INCREASE
OVER SAME PERIOD IN 2018
    * HARVEST ONE CANNABIS -  STRATEGIC PLAN INCORPORATES
IMMEDIATE
COST SAVINGS THROUGH REDUCTIONS IN WORKFORCE AND OPERATING
OVERHEADS
    * HARVEST ONE CANNABIS INC QTRLY NET LOSS PER SHARE $0.02
    * HARVEST ONE CANNABIS - SUBSEQUENT TO QUARTER END, CO
INITIATED A
REDUCTION IN ITS WORKFORCE BY ABOUT 20% ACROSS ALL ITS DIVISIONS
    * HARVEST ONE CANNABIS - HEADCOUNT REDUCTION, OTHER
OPERATING COST
REDUCTION INITIATIVES, TO RESULT IN COST SAVINGS OF ABOUT 30% ON
ANNUALIZED BASIS

Source text for Eikon:  ID:nCNWmWgxta 
Further company coverage:  HVT.V 

 ((Reuters.Briefs@thomsonreuters.com;))