Harborside (CSE: HBOR) (OTCQX: HBORF) - Investor Dashboard

CSE Ticker: HBOR
Market Focus: United States
Classification: Vertically Integrated
Country: United States
Employees: 225
Established: 2006
Interim CEO:

Peter Bilodeau


Fiscal Year-End: Dec, 31
Auditor: MNP LLP
Exchanges: CSE, OTCQX
Sector:  Consumer Staples
State operations: CA, OR
Headquarters: Oakland, CA

Financials (09/30/20)

Cash on hand: $13.3 million
Fixed Investment: $20.3 million
Shareholders’ Equity: $19.1 million
Revenues – Last Quarter: $18.4 million
Adj. Gross Margin : 51.9%
EPS : -$0.06

Capital Structure (11/17/20)

Last Financing: 2.8 million shares at C$7.00
Shares: 44.5 million
Warrants:  7.5 million
Options:  6.6 million
Diluted Shares: 59.3 million

Company Brief

Harborside Inc. (Follow Company) is one of the oldest and most respected cannabis retailers in California, operating three of the 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 and a cultivation/production facility in Salinas, California. Since inception, the company has generated over $400M in cumulative sales. Harborside has played an instrumental role in making cannabis safe and accessible to a broad and diverse community of California consumers.

Co-founded by Steve DeAngelo and dress wedding in 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States and today holds cannabis licenses for retail, distribution, cultivation, nursery and manufacturing.


  • Preeminent NorCal cannabis retail operations with a significant track record and expertise gained through 12 years of operations and ~$400 in cumulative sales
  • Operating four dispensaries in California and one in Oregon; an additional dispensary expected to open in San Francisco in Q3 2021
  • Retail operations command 2% of California’s entire retail market
  • Vertically integrated with advanced cultivation expertise in Salinas greenhouse

Growth Strategy

  • Strategically focused on growing market share in California with acquisitions and new store openings
  • Utilizing over 30 licenses across the value chain to leverage scale and ensure supply chain stability
  • Continuing to develop house of proprietary brands and adding manufacturing and production capacity
  • Actively assessing several of opportunities across the value chain in California


  • Co-founded by cannabis icon Steve DeAngelo, the Harborside brand is well known throughout California, the United States and internationally
  • Focused on high quality greenhouse cultivation and processing
  • Portfolio of differentiated products, including in-house brands Harborside Farms and Key
  • Operates one of two dispensaries in California with a drive-through

Institutional Analyst Coverage

Kenric S. Tyghe
ATB Capital Markets

Curated Stories & News

Visit Harborside, Inc.
at www.investharborside.com

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