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Posted on November 22, 2019
Press Releases

-- Third quarter 2019 revenue of $14.1 million, an increase of 22% over last year OAKLAND, California and TORONTO, Ontario – November 21, 2019 – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR) today reported financial results for the three and nine months ending September 30, 2019. All figures are reported in U.S. dollars unless otherwise stated.   Financial Highlights Third quarter revenue increased 22.4% year-over-year to $14.1 million, driven by 13.5% growth in retail revenue and 57.1% growth in wholesale revenue Adjusted...

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Posted on November 1, 2019
Press Releases

OAKLAND, CA and TORONTO, Nov. 1, 2019 /PRNewswire/ - Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR) announced today that it will report its results for the three and nine months ending September 30, 2019 on Thursday, November 21, 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, November 22, 2019. The conference call will be accessible on our corporate website at www.investharborside.com and by dialing 888-390-0605 (416-764-8609 for international callers)...

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Posted on October 28, 2019
Press Releases

New appointments to Harborside’s leadership as it reaffirms its commitment to expansion plans   OAKLAND, CA and TORONTO, Oct. 28, 2019 - Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR), a California-focused, vertically integrated cannabis enterprise, announced today Peter Bilodeau as interim CEO replacing Andrew Berman. The Company is also pleased to announce the expansion of its senior management team with the promotion of Greg Sutton as Chief Operating Officer of Cultivation and Manufacturing and the addition of Lisah Poore as Chief...

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Posted on October 21, 2019
Press Releases

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...

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Posted on October 15, 2019
Press Releases

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,...

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Posted on October 11, 2019
Press Releases

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...

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Posted on October 1, 2019
Press Releases

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...

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Posted on September 26, 2019
Press Releases

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...

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Posted on September 18, 2019
Press Releases

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,...

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Posted on August 30, 2019
Press Releases

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...

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