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
* NET REVENUE OF $4.1 MILLION FOR THREE MONTHS ENDED SEPT 30, 2019, REPRESENTING 142% INCREASE OVER SAME PERIOD IN 2018
* STRATEGIC PLAN INCORPORATES IMMEDIATE COST SAVINGS THROUGH REDUCTIONS IN WORKFORCE AND OPERATING OVERHEADS
* HARVEST ONE CANNABIS INC QTRLY NET LOSS PER SHARE $0.02
* SUBSEQUENT TO QUARTER END, CO INITIATED A REDUCTION IN ITS WORKFORCE BY ABOUT 20% ACROSS ALL ITS DIVISIONS
* HEADCOUNT REDUCTION, OTHER OPERATING COST REDUCTION INITIATIVES, TO RESULT IN COST SAVINGS OF ABOUT 30% ON ANNUALIZED BASIS
* CO IS EVALUATING VARIOUS FINANCING ALTERNATIVES AND INTENDS TO RAISE ADDITIONAL CAPITAL