StateHouse Issues Consideration for Increased Interest In Haight-Ashbury Dispensary
The FGW Acquisition has increased the Company's interest in Harborside San Francisco to 80%.
- The FGW Acquisition has increased the Company's interest in Harborside San Francisco to 80%.
- “We are thrilled to consolidate our ownership in Harborside San Francisco and cement our position as the leading operator in Northern California,” said Ed Schmults, Chief Executive Officer of StateHouse.
- “The Haight-Ashbury district is an iconic area and an integral piece of San Francisco’s culture that is frequented by tourists and locals alike.
- Pursuant to the Agreement, StateHouse has issued 1,170,584 common shares in the Company at a price of US $1.50 per share in consideration for the remaining ownership interest.