Harborside Archives

Debra BorchardtApril 26, 2021

Harborside Inc. (OTCQX: HBORF)reported its financial results for the fourth quarter and full-year ending December 31, 2020. In the fourth quarter, Harborside delivered total gross revenues of approximately $13.1 million, which was a 12% increase versus 2019’s fourth-quarter revenues of $11.7 million. The company beat the average analyst estimates from Yahoo Finance which was for revenues of […]

StaffMarch 8, 2021

California-based Harborside Inc. (OTC: HBORF) has completed a $5 million strategic investment in LPF JV, LLC otherwise known as Loudpack, through a 15%, secured convertible note due December 2022. Loudpack is a California-based cannabis company with a broad cultivation, manufacturing, processing, and distribution footprint. Loudpack’s brands include Kingpen, Loudpack, Dimebag, and Smokiez. “We are focused on improving our […]

Debra BorchardtFebruary 18, 2021

California-based cannabis company Harborside Inc. (CSE: HBOR), (OTCQX: HBORF) has been fighting the IRS over tax payments related to IRC Section 280E, which prohibits businesses engaged in the trafficking of controlled substances (including cannabis as specified in Schedule I of the FCSA) from deducting normal business expenses associated with the sale of cannabis. The company […]

Debra BorchardtJanuary 20, 2021

California-based cannabis company Harborside Inc. (CSE: HBOR), (OTCQX: HBORF) upsized its previously announced brokered private placement of units of the company at a price of C$2.55 per SVS Unit for gross proceeds of approximately C$27 million, representing an increase of C$7 million, due to excess demand. The stock was lately selling near $2.22, which isn’t far […]

StaffJanuary 4, 2021

Harborside Inc.’s (OTCQX: HBORF) Co-founder Steve DeAngelo is parting ways with the company as the company said it is eliminating the role of Chairman Emeritus, effective December 31, 2020. A longtime activist and strong advocate for the cannabis reform movement, Mr. DeAngelo co-founded Harborside in 2006 as a non-profit medical cannabis dispensary. Harborside was granted […]

StaffDecember 4, 2020

Peter Bilodeau is a serial entrepreneur with extensive leadership experience across many sectors, including the cannabis industry, merchant and investment banking, retail, manufacturing, real estate, and oil & gas. He is President and CEO of Foundation Markets Inc. and FMI Capital Advisory Inc. Prior to launching his entrepreneurial career, Peter worked for one of Canada’s […]

StaffOctober 13, 2020

Harborside Inc. (OTCQX: HBORF) released preliminary unaudited third-quarter 2020 financial results for the period ending September 30, 2020 showing that gross revenue for the quarter is expected to exceed $18.5 million. Net revenue for the quarter ending in June was $15.2 million with net losses of $1.7 million. The company did not release any information with […]

StaffJuly 30, 2020

Editors Note: This story was written by Jackie Bryant. Like everything else touched by COVID-19, unexpected trends and shifts have occurred in the cannabis industry. One such shift is towards consumers seeking value products, which are rising in popularity due to a reduction in work and income across many different industries as the COVID-19 crisis […]

StaffJune 30, 2020

It’s Time for your Daily Hit of cannabis financial news for June 30, 2020. On the Site GW Pharmaceutical GW Pharmaceuticals plc (NASDAQ:GWPH) has pushed the legalization of cannabis ahead with its work on the drug Epidiolex. Now the company is making its plans for its other cannabis drug Sativex known and it’s impressive and hopeful. The company […]

Debra BorchardtNovember 22, 2019

California-based dispensary company Harborside Inc. (CSE: HBOR) reported that its third-quarter revenue increased 22.4% year-over-year to $14.1 million for the quarter ending September 30, 2019. The company said that the increase in revenue was attributed to a 13.5% growth in retail revenue and 57.1% growth in wholesale revenue. Net losses for the third quarter were trimmed to $1.2 […]

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

In other news

The Daily Hit: January 4, 2024

Connecticut Attorney General Tells Unlicensed Cannabis Events Company to Stop

Testing Concerns Lead to Quarantine for 70% of Mississippi MMJ Goods

Tag: Harborside

Harborside Tops Revenue Estimates For Fourth Quarter, Misses On Earnings

Harborside Makes $5 Million Deal With Loudpack

Tax Court Rules Against Harborside In 280E Case

Harborside Upsizes Offering To $27 Million

Steve DeAngelo Parts Ways With Harborside

Executive Spotlight: Peter Bilodeau

Harborside Reports Rising Revenue

Cannabis Consumers Shopping For Bargains During Pandemic

The Daily Hit: June 30, 2020

Harborside Delivers Rise In Revenue, But Trims Outlook Due To Disrupted Harvests

The Daily Hit - TEST TEST TEST

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

Get the latest cannabis news delivered right to your inbox

Get the latest cannabis news delivered right to your inbox