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Harborside Inc. Completes Acquisition Of Loudpack To Form One Of The Largest Vertically Integrated Cannabis Enterprises In California

PRIVATEApr 05, 2022

Acquiring Company

Harborside

Acquired Company

Loudpack

OaklandCommunity And LifestyleHealth CareFood And Beverage

Description

Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR), (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today announced that it has completed the previously announced acquisition of LPF JV Corporation ("Loudpack"), a leading manufacturer, cultivator and distributor of award-winning cannabis brands in California. The acquisition of Loudpack follows Harborside's acquisition of UL Holdings Inc. ("Urbn Leaf") completed on March 1, 2022 and Harborside's acquisition of Sublimation Inc. ("Sublime") completed on July 2, 2021. Following completion of the acquisitions, the Company plans to be renamed StateHouse Holdings Inc. ("StateHouse").1

Quick answer

Harborside is acquiring Loudpack, announced April 5, 2022. Harborside is based in Oakland, California, United States.

How much did Harborside pay for Loudpack?
The deal value was not disclosed.
What does Harborside do?
Harborside, a vertically integrated enterprise with cannabis licenses covering retail, distribution, cultivation, nursery and manufacturing, is one of the oldest and most respected cannabis companies in California.
Where are Harborside and Loudpack based?
Harborside is based in Oakland, California, United States.

Source: Fundz verified event record.

Other recent acquisitions in Community And Lifestyle and Food And Beverage

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Company Information

Company

Harborside

Location

Oakland, California, United States

About

Harborside, a vertically integrated enterprise with cannabis licenses covering retail, distribution, cultivation, nursery and manufacturing, is one of the oldest and most respected cannabis companies in California. Founded in California in 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States. Today, the company operates three major dispensaries in the San Francisco Bay Area, a dispensary in the Palm Springs area outfitted with Southern California's only cannabis drive-thru window, a dispensary in Oregon, a manufacturing facility in Oakland, California, distribution facilities in San Jose and Los Angeles, California and an integrated cultivation/production facility in Salinas, California. Harborside is a publicly listed company, trading on the Canadian Securities Exchange ("CSE") under the ticker symbol "HBOR" and the OTCQX under the ticker symbol "HBORF", and the Company continues to play an instrumental role in making cannabis safe and accessible to a broad and diverse community of California and Oregon consumers. Additional information regarding Harborside is available under Harborside's SEDAR profile at www.sedar.com.

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Frequently asked

Who acquired Loudpack?

Loudpack was acquired by Harborside, based in Oakland. The deal was reported on April 5, 2022. Harborside, a vertically integrated enterprise with cannabis licenses covering retail, distribution, cultivation, nursery and manufacturing, is one of the oldest and most respected cannabis companies in California. Harborside is privately held and operates in Community And Lifestyle.

When did Harborside acquire Loudpack?

Harborside's acquisition of Loudpack was reported on April 5, 2022. Harborside Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Loudpack do?

We are cannabis people. Feeling good is our mission. Discover quality California cannabis from Loudpack farms and brands. It is privately held.

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