Debra BorchardtNovember 23, 2022
Net losses grew to $20 million in the quarter.
Tag: Harborside
Debra BorchardtNovember 23, 2022
Dave HodesNovember 1, 2022
Steve DeAngelo and Adam Eidinger fight for psychedelics.
Debra BorchardtJuly 29, 2022
StateHouse Holdings Inc. (CSE: STHZ) (OTCQX: STHZF) reported that it reached a Partial Payment Installment Agreement with the Internal Revenue Service related to the federal tax returns of its wholly-owned subsidiary Patients Mutual Assistance Collective Corporation for the 2007 to 2012 fiscal years and the 2020 fiscal year. Formerly known as Harborside and one of […]
StaffMay 27, 2022Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) delivered its interim financial statements for the first quarter ending March 31. Harborside said that year over year net revenues increased 38.8% to $17.2 million, including one month contribution from Urbn Leaf and no contribution from Loudpack. The company also reported a net loss in the quarter of $10.4 […]
Debra BorchardtApril 11, 2022Pelorus Equity Group completed the second and final tranche of its previously announced $77.3M non-dilutive real estate debt financing with Harborside Inc. (CSE: HBOR) (OTCQX: HBORF). The initial funding included three individual loans to Harborside, Urbn Leaf Holdings Inc., and Loudpack JV Corporation with a second tranche made available upon the final closing of the […]
StaffFebruary 11, 2022
Cannabis lending group Pelorus Equity Group closed on its previously announced $77.3 million non-dilutive real estate debt financing with Harborside Inc. (CSE: HBOR) (OTCQX: HBORF). The initial funding of $45.35 million, the first of two planned tranches, includes three individual loans to Harborside, Urbn Leaf Holdings Inc., and Loudpack JV Corporation. The company said the proceeds […]
Debra BorchardtDecember 7, 2021
Wholesale cannabis prices have fallen this year and the impact was felt by several companies and in particular – those in California. Cannabis Benchmarks data shows that California’s Spot prices have been on a freefall since June. Cannabis Benchmarks said that prices have dropped by as much as 30% this year. Plus, as outdoor harvests […]
Debra BorchardtNovember 30, 2021After the market closed on Monday, Harborside Inc. (CSE: HBOR), (OTCQX: HBORF) announced it was buying California retailer UL Holdings Inc. also known as Urbn Leaf, and LPF JV Corporation, better known as Loudpack. Loudpack is a manufacturer, cultivator and distributor of award-winning cannabis brands in California. The newly combined company will be renamed StateHouse Holdings. […]
Debra BorchardtAugust 31, 2021After the close of the market on Monday, Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) reported its financial results for the second quarter ending June 30, 2021, as revenues were essentially flat year over year, but up sequentially. The revenue for the quarter was $16.19 million versus last year’s $16.14, but an improvement over the first quarter’s total […]
StaffJune 1, 2021
Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) reported its financial results for the first quarter ending March 31, 2021, after the market close on Monday. Harborside reported that its net revenues fell 9% to $12.4 million versus last year’s $13.7 million for the same time period. This missed the Yahoo Finance average analyst estimate for revenues of […]
Get the latest cannabis news delivered right to your inbox
Unpack the industry with the daily cannabis newsletter for business leaders.