OAKLAND, CA and TORONTO, Ontario – September 10, 2020 – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), (OTCQX: HSDEF), a California-focused, vertically integrated cannabis enterprise, today announced that its subordinate voting shares (“SVS”) are expected to begin trading on the OTCQX® Best Market (the “OTCQX”) next week. Harborside’s SVS will continue to trade under the ticker symbol of “HSDEF”, however the Company has made an application to change its trading symbol to “HBORF”. Trading on the OTCQX will increase accessibility for U.S. investors to trade the SVS, and enhance visibility of the Company in the U.S. Harborside’s SVS will continue to trade on the Canadian Securities Exchange (“CSE”) under the symbol “HBOR”.
“This has been a very productive year, and this latest milestone of graduating to the OTCQX will make it easier for a broader base of U.S. investors to invest in Harborside and participate in our long term success,” said Peter Bilodeau, Chairman and interim Chief Executive Officer.
The OTCQX is the highest market tier of OTC Markets. The OTCQX offers established companies the advantages of being publicly traded in the U.S., with lower cost and complexity than a U.S. exchange listing. Investors benefit from convenient trading through their preferred broker or financial advisor, transparent pricing with real-time quotes, and trusted disclosure that is made broadly available to broker-dealers and market data providers. Investors can find information and trading statistics on Harborside at https://www.otcmarkets.com.
Class Securities Litigation
Harborside also announced today that it is aware of yet-to-be certified and yet-to-be served securities class-action suit having been filed in the United States. The Company believes the claims are without merit. The Company intends to vigorously defend itself against any such suits.