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Harborside Inc. Announces Closing Of First Tranche Of Pelorus Debt Financing And Provides A Business Update

PRIVATEFeb 10, 2022

Round Type

Debt Financing

OaklandCommunity And LifestyleHealth CareFood And Beverage

Description

Harborside Inc. ("Harborside", or the "Company") (CSE: HBOR), (OTCQX: HBORF), a California-focused, vertically-integrated cannabis enterprise, is pleased to announce the closing of the first tranche of its previously announced US$77.3 million debt financing (the "Roll Up Financing") with Pelorus Equity Group ("Pelorus") and to provide a business update, including with respect to the proposed acquisitions of UL Holdings Inc. ("Urbn Leaf") and LPF JV Corporation ("Loudpack") to form StateHouse Holdings ("StateHouse").

Quick answer

Harborside raised an undisclosed amount in a Debt Financing round, dated February 10, 2022. Harborside is based in Oakland, California, United States.

How much did Harborside raise?
Harborside raised an undisclosed amount in a Debt Financing round on February 10, 2022.
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 is Harborside based and how big is it?
Harborside is based in Oakland, California, United States.

Source: Fundz verified event record.

Who else raised in Community And Lifestyle and Food And Beverage around the same time

Companies in the same sectors as Harborside that raised within 45 days of this round, from Fundz verified event records.

  • Vangst raised $19M (Series B) on January 13, 2022.
  • Jointly raised $5M (Seed) on March 17, 2022.
  • Reaction Biology raised an undisclosed amount on March 16, 2022.
  • RYTHM, Inc. raised $135M (Funding Round) on March 14, 2022.
  • BioLumic raised $12M on March 8, 2022.
  • Variantyx raised $42M (Funding Round) on February 14, 2022.

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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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Harborside raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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