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OAKLAND, CA and TORONTO, Oct. 21, 2019 - Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR), today announced that the U.S. Tax Court has issued a final decision under Tax Court Rule 155 on the income tax deficiency for Patients Mutual Assistance Collective Corporation ("PMACC"), the Company's 100% owned subsidiary and owner of the iconic Harborside Oakland cannabis dispensary. The U.S. Tax Court has ruled that PMACC owes an aggregate tax deficiency of approximately $11.0 million for the fiscal years...

OAKLAND, California and TORONTO, Ontario -- October 11, 2019 -- Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), a California-focused, vertically integrated cannabis enterprise, announced today that key executives, members of the Board of Directors and insiders, have entered into an additional, extended voluntary lock-up agreement with the Company, effective immediately, in respect of 21,143,469 subordinate voting shares of the Company (on an as-converted basis), representing approximately 50.4% of the total issued and outstanding subordinate voting shares of the company,...

Buy-out of JV partner Dark Heart Nursery allows Harborside to consolidate 100% of this strategic asset OAKLAND, CA and TORONTO, Oct. 11, 2019 - Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR), a California-focused, vertically integrated cannabis enterprise, announced today it has acquired full ownership of San Leandro Wellness Solutions, Inc. (the "Transaction"). Harborside previously owned 50% of the dispensary under a joint venture with Dark Heart Nursery, and would have provided management services to the store upon opening in Q4 of...

Cultivation division integrates Dutch Venlo Greenhouse technology into operations OAKLAND, CA and TORONTO, Oct. 1, 2019 - Harborside Inc. (CSE: HBOR), today announced the unveiling of a state-of-the-art Dutch Venlo Greenhouse at its Harborside Farms growing facility in Salinas, CA. The project will grow premium flower varieties for the Harborside dispensaries and third party brands at wholesale. Harborside began cultivation in the Venlo Greenhouse this week and anticipates increasing annual yields by approximately 10,000 pounds. The greenhouse provides an additional one acre...

Company executives committed to working with Congress to pass more sweeping cannabis policy reforms OAKLAND, CA, Sept. 26, 2019 - On Wednesday, the U.S. House of Representatives voted in favor of the Secure and Fair Enforcement (SAFE) Banking Act, a landmark bill that would provide safe harbor and guidance to financial institutions that work with legal cannabis businesses. The historic vote was the first time that a standalone marijuana bill has come before the full House. The vote needed a two-thirds majority to...

OAKLAND, California and TORONTO, Ontario – September 18, 2019 – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), today announced that President and Chief Executive Officer Andrew Berman will present at the Canaccord Genuity 2nd Annual U.S. Cannabis Symposium on October 3, 2019, at 2:50 p.m. ET at the Sheraton Centre Toronto Hotel. This one-day event will feature company presentations and meetings with senior management teams across the U.S. cannabis industry supply chain, including multi-state operators, technology providers, brand owners,...

OAKLAND, California and TORONTO, Ontario – August 30, 2019 – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), today announced its intention to commence a normal course issuer bid (the “Bid”). Under the Bid, the Company may purchase up to 5% of the Company’s issued and outstanding subordinate voting shares (“SVS”). The Bid is expected to commence no sooner than September 9, 2019, and will terminate on the earlier of one year from commencement or on the date in which...

-- Second quarter 2019 revenue of $12.7 million, an increase of 20% over last year -- Adjusted EBITDA for the second quarter 2019 totaled $2.5 million -- Company issues 2019 guidance of $55-57 million of revenue and positive Adjusted EBITDA -- Company announces intention to commence normal course issuer bid   OAKLAND, California and TORONTO, Ontario – August 30, 2019 – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), today reported financial results for the three and six months ending June 30, 2019. All figures...

OAKLAND, CA and TORONTO, Aug. 23, 2019 /PRNewswire/ - Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR), is pleased to announce that, subject to regulatory approval, it has retained Generation Advisors Inc. ("Generation") and Mackie Research Capital Corporation ("Mackie") to provide trading, market stabilization and liquidity services for the Company in accordance with regulatory guidelines. Generation and Mackie will trade the subordinate voting shares of Harborside (the "Shares") on the Canadian Securities Exchange (the "CSE") for the purposes of maintaining a reasonable market and...

OAKLAND, California and TORONTO, Ontario (GLOBE NEWSWIRE) – August 13, 2019 – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), announced today that it will report its results for the three and six months ending June 30, 2019, on Thursday, August 29, 2019, after the market closes. The Company will host a conference call and webcast to review its results at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) the following day on Friday, August 30, 2019. The conference call will...

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