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OAKLAND, CA and TORONTO, Ontario – October 1, 2020 – Harborside Inc. (“Harborside”, or the “Company”) (CSE: HBOR), (OTCQX: HSDEF), a California-focused, vertically-integrated cannabis enterprise, today announced that it has granted options (each, an “Option”) to purchase an aggregate of up to 300,000 subordinate voting shares of the Company (the “SVS”) to certain consultants of the Company as partial consideration for digital marketing, promotions and brand messaging services. Each Option is exercisable into one SVS in the capital of the Company at an exercise price per SVS equal to the greater of: (i) $1.02 (the closing price of the SVS on September 29, 2020); (ii) $1.07 (the closing price of the SVS on September 30, 2020); and (iii) the closing price of the SVS on October 1, 2020. The Options expire on September 30, 2021. The Options vest immediately, and are granted in accordance with Harborside’s equity incentive plan adopted by the board of directors of the Company on June 30, 2020 (the “Plan”). A copy of the Plan is available under the Company’s SEDAR profile at www.sedar.com

 

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