OTCQX:HBORF - Post by User
Comment by
upinzmokeon Aug 15, 2018 10:21am
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Post# 28464084
RE:RE:RE:RE:Existing Deals
RE:RE:RE:RE:Existing Deals Harbourside will be running the company when the transaction is completed. Peter Bilodeau will become chairman of the board of directors. In the transaction announcement it states that Budds previous announced acquisitions are pending until after the closing of the "transaction Harborside intends to complete a convertible debenture financing (Convertible Debenture Financing) prior to the closing of the Transaction, for gross proceeds of CAD $20 million. The funds raised will be used for capital expenditures at Harborsides cultivation campus in Salinas, CA, development of Harborsides retail management services business segment, general corporate expenses, working capital, and a loan to Lineage to assist with completion of its previously announced acquisitions pending closing of this Transaction. Lots of expansion in the works..