Pure Harvest Corporate Group Inc (OTCMKTS:PHCG) Posts A Robust Growth Of 1,800% YoY In 2020

Pure Harvest Corporate Group Inc (OTCMKTS:PHCG) reported an impressive growth of 1,800% YoY in 2020. 

Dumont, Colorado-based licensed marijuana operations helped the company to post robust growth. The sales of Pure Harvest are improved by 8,400% YoY in Q4 2020. 

CEO of Pure Harvest, Matthew Gregarek, said the company is excited to report tremendous growth. It is on the backdrop of significant energy and time spent until this point. 

Pure Harvest will focus on new revenue streams and opportunities to maintain strong growth in the future. The company posted exceptional growth in 2020 despite the challenges posed by the ongoing coronavirus pandemic. 

Harbinger Research initiates coverage on Pure Harvest

Harbinger Research LLC initiated coverage on Pure Harvest on May 6, 2021, in its research report. The research report focuses on unique aspects of Pure Harvest’s business model, multi-year P&L financial forecast model, and science and technology to educate investors and understand earnings power and expected revenues. 

Gregarek said the company ensures the availability of detailed analysis of its business process, market focus, and investment opportunity drafted by Mr. Connell, a reputed research analyst. 

The cannabis market in the US expects to reach $85 billion by 2030, assuming legalization of marijuana by 2030 on the federal level. 

Marimed Inc (OTCMKTS:MRMD) will inaugurate the fourth dispensary

Marimed Inc (OTCMKTS:MRMD) will open a 4th adult-use outlet in the City of Metropolis, Illinois, under the retail brand “Thrive”.  

Billy McDaniel, the mayor of the City of Metropolis, would participate in the ribbon-cutting celebration on May 5, 2021. Marimed’s CEO, Bob Fireman, said the company is excited to launch an adult-use cannabis dispensary for the first time in Metropolis. 

Marimed enjoys a strong market in Illinois.

The new dispensary will help the company to boost its revenues significantly. Billy said the Metropolis City welcomes Thrive Metropolis and Marimed to its community. It looks forward to maintaining a prosperous and healthy relationship. 

Marimed successfully operates its adult-use dispensaries in Southern Illinois and several states in the US under the Thrive brand. 

The new dispensary will create new jobs and contributes to the local economy. It also opens new opportunities for the local businesses.

In Illinois, the adult-use markets experienced significant growth since recreational sales on January 1, 2020.