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Harborside Inc. Acquires Full Ownership Of Seaside, California Store

PRIVATEMay 19, 2022

Acquiring Company

Harborside

Acquired Company

SeasideStore

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 reached an agreement on May 18, 2022 to acquire (the "Acquisition") a further 50% ownership interest in its Seaside, California store (the "Seaside Store"). The Acquisition will result in the Company owning all of the issued and outstanding securities of 680 Broadway Master, LLC (the "Membership Interest"), which owns the Seaside Store, bringing the Company's interest in the Seaside Store to 100%.

Quick answer

Harborside is acquiring SeasideStore, announced May 19, 2022. Harborside is based in Oakland, California, United States.

How much did Harborside pay for SeasideStore?
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 SeasideStore based?
Harborside is based in Oakland, California, United States.

Source: Fundz verified event record.

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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 SeasideStore?

SeasideStore was acquired by Harborside, based in Oakland. The deal was reported on May 19, 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 SeasideStore?

Harborside's acquisition of SeasideStore was reported on May 19, 2022. Harborside Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does SeasideStore do?

SeasideStore is the company acquired in this transaction. It is privately held.

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