HBOR

Harborside Inc. Changes Name to StateHouse Holdings Inc. To Honor its Pioneering History and Reflect its Future Direction

Retrieved on: 
Thursday, July 14, 2022
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Today, we begin a new chapter as we continue to build a premier California cannabis company.

Key Points: 
  • Today, we begin a new chapter as we continue to build a premier California cannabis company.
  • We believe our fully integrated platform for growth is the finest of any cannabis firm in the state."
  • The new corporate website statehouseholdings.com will launch on that date with additional information about the Company and its go-forward strategy.
  • Harborside's archived corporate information, including financial results and news releases, will also be available on the StateHouse site.

Harborside Inc. to Hold Annual and Special Meeting on June 23

Retrieved on: 
Tuesday, June 21, 2022
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OAKLAND, Calif. and TORONTO, June 21, 2022 /PRNewswire/ - Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise will hold its annual and special meeting of shareholders (the "Meeting") on June 23, 2022 at 11:00 a.m. (Eastern time).

Key Points: 
  • OAKLAND, Calif. and TORONTO, June 21, 2022 /PRNewswire/ - Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise will hold its annual and special meeting of shareholders (the "Meeting") on June 23, 2022 at 11:00 a.m. (Eastern time).
  • The live audio webcast can be accessed at the following webcast link: https://web.lumiagm.com/219343554 (meeting ID 219-343-554), with the password HBOR2022 (case sensitive).
  • Following the formal business of the Meeting, Ed Schmults, Chief Executive Officer of Harborside, will make a presentation and host a Q&A session.
  • Registered shareholders and duly appointed proxyholders will be able to attend the Meeting, submit questions and vote by online ballot.

Harborside Inc. Expands Leadership Team; Kavi Bhai Named Vice President of Financial Planning and Analysis; Angela Pih Named Vice President of Marketing

Retrieved on: 
Monday, June 6, 2022
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Mr. Bhai has over 11 years of relevant experience, having previously worked for BellRock Brands, where he served as chief financial officer.

Key Points: 
  • Mr. Bhai has over 11 years of relevant experience, having previously worked for BellRock Brands, where he served as chief financial officer.
  • Prior to BellRock, he served as chief financial officer at Mary's Medicinals and led audit and advisory engagements at Frazier & Deeter, LLC.
  • In his current role, Mr. Bhai will be responsible for planning, forecasting, budgeting, and analysis to support the execution of the Company's strategic plan.
  • Ms. Pih is charged with expanding Harborside's market share by strengthening the company's brands and sales capabilities.

Harborside Inc. Finalizing Initial Integration Measures that Are Expected to Generate Approximately $10.3 Million in Annualized Cost Savings(1)(2)

Retrieved on: 
Tuesday, May 31, 2022
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Management anticipates that these measures will generate approximately $10.3 million(1)(2) of annualized cost savings.

Key Points: 
  • Management anticipates that these measures will generate approximately $10.3 million(1)(2) of annualized cost savings.
  • As a result, the Company was able to eliminate redundancies and generate annualized cost savings of approximately $600,000.
  • The anticipated sale of the Sublime production facility is expected to result in proceeds of approximately $200,000(1)(2).
  • A number of executive-level managers have left the Company in 2022, resulting in a reduction of approximately $1.2 million of annual payroll costs.

Harborside Inc. Reports First Quarter 2022 Financial Results

Retrieved on: 
Friday, May 27, 2022
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The Q1 2022 Financial Results encompass a period reflecting only one month of contribution from UL Holdings Inc. ("Urbn Leaf"), which the Company acquired on March 1, 2022, and no contribution from LPF JV Corporation ("Loudpack"), which the Company acquired subsequent to quarter-end on April 4, 2022.

Key Points: 
  • The Q1 2022 Financial Results encompass a period reflecting only one month of contribution from UL Holdings Inc. ("Urbn Leaf"), which the Company acquired on March 1, 2022, and no contribution from LPF JV Corporation ("Loudpack"), which the Company acquired subsequent to quarter-end on April 4, 2022.
  • Harborside also announced that Felicia Snyder has joined the board of directors of the Company (the "Board"), effective immediately.
  • She is also a Google alum and started her career in Financial Services Management Consulting at Oliver Wyman, a global consulting firm.
  • "On behalf of the Board and management team of Harborside, I am delighted to welcome Felicia to the Harborside team," said Ed Schmults, Chief Executive Officer.

Harborside Inc. Acquires Full Ownership of Seaside, California Store

Retrieved on: 
Thursday, May 19, 2022
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The Seaside Store is conveniently located in the heart of Seaside (on Monterey Bay), just off Broadway Avenue.

Key Points: 
  • The Seaside Store is conveniently located in the heart of Seaside (on Monterey Bay), just off Broadway Avenue.
  • "We're excited to acquire full ownership of the Seaside Store, a great location on Monterey Bay that caters to both area residents and tourists.
  • The Acquisition was the result of a legal settlement with the Company's former partner in the Seaside Store (the "Former Partner").
  • Founded in 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States.

Harborside Inc., Leading California Retailer, Announces New California Store Openings in San Francisco and La Mesa

Retrieved on: 
Wednesday, May 11, 2022
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The Company is pleased to announce that it has opened a new Harborside-branded store in San Francisco, and a new Urbn Leaf-branded store in La Mesa, located in San Diego County.

Key Points: 
  • The Company is pleased to announce that it has opened a new Harborside-branded store in San Francisco, and a new Urbn Leaf-branded store in La Mesa, located in San Diego County.
  • The San Francisco store is located at 768 Stanyan Street and comprises 1,690 square feet.
  • The store is across the street from Golden Gate Park and a short walk from many popular restaurants and other local attractions.
  • The La Mesa store, located at 8939 La Mesa Blvd., comprises 1,606 square feet.

Harborside Inc. Announces Conversion of US$5.87 Million Promissory Note to Equity

Retrieved on: 
Friday, April 29, 2022
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"We are delighted that holder of the Note elected to convert the Note into Harborside equity," said Ed Schmults, Chief Executive Officer of Harborside.

Key Points: 
  • "We are delighted that holder of the Note elected to convert the Note into Harborside equity," said Ed Schmults, Chief Executive Officer of Harborside.
  • Harborside also announced the grant of options to certain members of management to purchase up to an aggregate 1,540,000 SVS.
  • "Harborside is committed to a full alignment of interests between management and shareholders," added Mr. Schmults.
  • Founded in 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States.

Harborside Inc. Reports Fourth Quarter 2021 Financial Results

Retrieved on: 
Thursday, April 28, 2022
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OAKLAND, Calif. and TORONTO, April 27, 2022 /PRNewswire/ - Harborside Inc. ("Harborside" or the "Company") (CNSX: HBOR), (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today filed its audited annual financial statements and management's discussion & analysis for the twelve months ended December 31, 2021 (collectively, the "Annual Financial Results") under the Company's profile on SEDAR at www.sedar.com .

Key Points: 
  • OAKLAND, Calif. and TORONTO, April 27, 2022 /PRNewswire/ - Harborside Inc. ("Harborside" or the "Company") (CNSX: HBOR), (OTCQX: HBORF), a California-focused, vertically integrated cannabis enterprise, today filed its audited annual financial statements and management's discussion & analysis for the twelve months ended December 31, 2021 (collectively, the "Annual Financial Results") under the Company's profile on SEDAR at www.sedar.com .
  • The Annual Financial Results encompass a period prior to the Company's acquisitions of UL Holdings Inc. ("Urbn Leaf") and LPF JV Corporation ("Loudpack"), which were completed in March and April 2022, respectively.
  • Accordingly, following the Name Change and Consolidation, shareholders currently holding six Shares of Harborside will instead own one Share of StateHouse Holdings Inc.
  • Founded in 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States.

Harborside Inc. Announces Completion of Mandatory Conversion of all Multiple Voting Shares to Subordinate Voting Shares

Retrieved on: 
Thursday, March 31, 2022
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The Mandatory Conversion was approved at the Special Meeting of Shareholders held February 22, 2022.

Key Points: 
  • The Mandatory Conversion was approved at the Special Meeting of Shareholders held February 22, 2022.
  • "The completion of the Mandatory Conversion represents an important milestone for the Company, as we prepare to relaunch as StateHouse Holdings," said Ed Schmults, CEO of Harborside.
  • The SEC's reporting requirements require, among other things, Harborside's financial statements and financial data to be presented under U.S. GAAP.
  • Founded in 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States.