• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Cannabis » Cannabis Dispensary Chain, Harborside, Lists Shares On Canadian Securities And Exchange

Cannabis Dispensary Chain, Harborside, Lists Shares On Canadian Securities And Exchange

Al Restar by Al Restar
June 11, 2019
in Cannabis
2 min read
43
0
Canada Cannabis

Photo: Cannabis Culture | Flickr | CC BY 2.0

Cannabis companies from the United States are going to Canada in order to establish themselves in the robust global market. On Monday, prominent cannabis dispensary chain in the Bay Area, Harborside, has listed shares on the Canadian Securities and Exchange Commission in order to access more capital to operate and grow.

The listing follows the announcement of a previous reverse-merger with Lineage Grow Co. Ltd. – with the deal initially valued at C$ 200 million (around $150 million) – and the resulting company, Harborside, Inc., is now trading with the Canadian Securities and Exchange under the ticker symbol HBOR.

Harborside, one of the oldest cannabis dispensary business in the United States, has previously withstood federal investigations amidst the fact that selling marijuana has since been legal in California. In 2016, the company triumphed against the Justice Department and the charges were dropped against them.

“I think it marks a very important milestone in the growth of the cannabis industry,” Steve DeAngelo, who co-founded Harborside as a medical cannabis dispensary in 2006 and serves as the firm’s chairman emeritus, said in an interview. “When you have an organization like Harborside that came from deep activist roots and was engaged in that activism in a very intense way, and now has been able to transition into a profit-making cannabis company that’s going to be valued at $300 million Canadian, is a tremendous validation.”

Harborside Inc. owns or manages six dispensaries in California and Oregon and has agreements to purchase two dispensaries and cultivation operation in northern California. A recently completed C$19.65 million investment capital raise and the public stock currency from the CSE listing will help Harborside achieve those plans, Harborside CEO Andrew Berman said.

“We’re very much California-focused,” Berman said of the moves the company has planned for the coming 12 to 18 months. “The market’s too big to pass up on now.”

Al Restar

Al Restar

An idealist straight from business school who works as a content marketer, digital branding consultant, and graphic designer. Outside work, he spends his time taking care of his cacti and painting watercolors.

Related Posts

Zenabis returned $1.9 million worth of pot  to Sundial over bad quality and visible molds
Cannabis

Zenabis returned $1.9 million worth of pot to Sundial over bad quality and visible molds

August 22, 2019
267
Tilray to start exporting medicinal pot to Germany
Cannabis

Tilray to start exporting medicinal pot to Germany

August 21, 2019
134
CannTrust stocks fell another 5% after weed distributor returned millions worth of pot
Cannabis

CannTrust stocks fell another 5% after weed distributor returned millions worth of pot

August 20, 2019
147
Cannabis stocks fell as possible recession brews
Cannabis

Cannabis stocks fell as possible recession brews

August 14, 2019
156
Hexo’s Stocks Continue To Suffer A Cannabis Stocks Dive
Cannabis

Aurora Cannabis hovers trade flat amid strong market

August 13, 2019
159
Health inspectors flagged CannTrust’s non-compliance again, sending stocks down by 26%
Cannabis

Health inspectors flagged CannTrust’s non-compliance again, sending stocks down by 26%

August 12, 2019
128
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.