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


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

Peter Bilodeau


Summary

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

Financials (06/30/20)

Cash on hand: $13.6 million
Fixed Investment: $20.8 million
Shareholders’ Equity: $20.9 million
Revenues – Last Quarter: $15.3 million
Adj. Gross Margin : 46.9%
EPS : -$0.03

Capital Structure (8/31/20)

Last Financing: 2.8 million shares at C$7.00
Shares: 43.4 million
Warrants:  4.0 million
Options:  7.3 million
Diluted Shares: 56.6 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.

Featured Video


Highlights

  • 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
  • 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

Differentiators

  • 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 branded products

Institutional Analyst Coverage

Kenric S. Tyghe
ATB Capital Markets


Curated Stories & News


Visit Harborside, Inc.
at www.investharborside.com

New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. Harborside, Inc. is a client of NCV Media, LLC. Read our full disclaimer.