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StateHouse Holdings Q3 Revenue Grows 77% YoY, Here Is What You Need To Know
Wednesday, November 23, 2022 - 8:59am | 612StateHouse Holdings Inc. (CSE:STHZ) (OTCQX: STHZF) total net revenues in Q3 2022 were $30.8 million, an increase of 77% compared with $17.5 million in Q3 2021. The growth in total net revenue was primarily due to the acquisitions of Urbn Leaf and Loudpack, which were completed in March and April of...
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Key Marijuana Executive Changes You Need To Know About: FDA, Humble & More
Wednesday, October 12, 2022 - 9:24am | 1013FDA Names Ex-NY Cannabis Policy Regulator As Advisor On Cannabis Research The FDA has named Norman Birenbaum to serve as its senior public health advisor on cannabis research and regulatory actions, reported Inside Health Policy. This is the first time the FDA has hired a cannabis research and...
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StateHouse Holdings Q2 Revenue Grows 125% YoY, Here Are The Details
Friday, August 26, 2022 - 7:53am | 692StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) Q2 2022 total net revenues were $34.6 million, a 125% increase over the $15.4 million realized in Q2 2021. The increase reflected the acquisitions of UL Holdings Inc. ("Urbn Leaf") and LPF JV Corporation ("Loudpack"), which were...
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Harborside Achieves $10.3M In Cost Savings Via Acquisitions Synergies, Fires Many Executives
Tuesday, May 31, 2022 - 10:00am | 826Harborside Inc. (OTCQX: HBORF) (CSE:HBOR) provided details of the integration of its operations with those of the three companies acquired by the company since the third quarter of last year. On July 2, 2021, the company acquired Sublimation Inc., which was followed by the acquisition of UL...
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Harborside Q1 Revenue Shows Solid Growth Of 38.8%, What About Adjusted EBITDA?
Friday, May 27, 2022 - 10:24am | 572Harborside Inc. (OTCQX: HBORF) (CSE:HBOR) released its financial results for the three months ended March 31, 2022, revealing YoY net revenue increased 38.8% to $17.2 million. The Q1 2022 financial results encompass a period reflecting only one month of contribution from UL Holdings Inc. ("...
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Harborside Opens 2 New Cannabis Retail Stores, Provides Pro Forma Sales Information
Wednesday, May 11, 2022 - 2:19pm | 510Harborside Inc. (OTCQX: HBORF) (CSE:HBOR) opened two new retail stores in California, bringing its total retail shop count to 13. In addition, the company has provided 2021 pro forma sales information. Retail Store Openings The company opened a new Harborside-branded store in San Francisco and...
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Harborside Converts $5.87M Promissory Note To Equity
Monday, May 2, 2022 - 10:37am | 417Harborside Inc. (OTCQX: HBORF) (CSE: HBOR) announced that a promissory note in the amount of $6.23 million, which includes principal, interest and fees, has been repaid by: a cash payment in the amount of $358,541.10 and the issuance of $5.87 million worth of subordinate voting shares of Harborside...
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Cannabis Merger: Harborside Acquires Loudpack, Forming One Of Largest Marijuana Companies In California
Tuesday, April 5, 2022 - 9:13am | 463Harborside Inc. (OTCQX: HBORF) has completed its previously announced acquisition of Loudpack, LPF JV Corporation, California’s leading manufacturer, cultivator and distributor of award-winning cannabis brands. This acquisition follows Harborside's acquisition of Urbn Leaf on March...
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Cannabis M&A Activity On Fire: But Is It What Was Expected? Experts Say, Look At Q1 Earnings
Wednesday, March 30, 2022 - 11:32am | 895Consolidation of the cannabis industry is inevitable as the market matures. Heading into 2022, numerous forecasts predicted another flurry of M&A activity after an energized 2021. With nearly three months of the year complete, opinions are split on M&A activity so far. M&A In 2022 Is On...
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Harborside Acquires Urbn Leaf And Appoints Ed Schmults As CEO
Wednesday, March 2, 2022 - 9:30am | 418Harborside Inc. (CSE:HBOR) (OTCQX: HBORF) completed the previously announced acquisition of California cannabis retailer UL Holdings Inc.. Under the deal, Harborside acquired 100% of the equity interests of Urbn Leaf through the issuance of 60 million subordinate voting shares, and the...
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Harborside Shareholders Support Urbn Leaf And Loudpack Acquisitions
Wednesday, February 23, 2022 - 10:50am | 329Harborside Inc. (CSE:HBOR) (OTCQX: HBORF) shareholders voted in favor of the issuance of approximately 151.43 million Harborside subordinate voting shares to acquire 100% equity interests in LPF JV Corporation and UL Holdings Inc. in connection with the company's proposed business combination...
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Harborside Closes First Tranche Of Pelorus Equity Group Debt With $45.5M Payment
Friday, February 11, 2022 - 12:01am | 485Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) closed the first tranche of its previously announced $77.3 million debt financing with Pelorus Equity Group. and provided a business update, including with respect to the proposed acquisitions of UL Holdings Inc. and LPF...
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California-Based LoudPack Secures $5M Via Deal With Harborside
Monday, March 8, 2021 - 11:17am | 306Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) has backed up a California-based cannabis company LPF JV, LLC with $5 million. The Oakland, California-based cannabis company completed a strategic investment in Loudpack via a 15% secured convertible note that's due December 2022. In return,...