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Bullboard - Stock Discussion Forum Harborside Inc. HBORF

Healthcare Cannabis
Harborside Inc is a United States based cannabis retailer. The company manages and operates four retail dispensaries in California, one retail dispensary in Oregon, a cultivation/production facility in Salinas, California and also assists state-licensed operators engaged in the cultivation, manufacture, and distribution of cannabis throughout the United States.

OTCQX:HBORF - Post Discussion

Harborside Inc. > Sales decreasing quarter by quarter
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Post by Budd22 on Feb 05, 2022 9:46pm

Sales decreasing quarter by quarter

The Company's retail operations generated gross profits of $5.4 million in Q3 2021, compared to $6.2 million in Q2 2021.  The quarter over quarter retail gross profit decreased by $0.8 million due to lower sales volume during the quarter, while retail gross margin(1)increased from 56.5% in Q2 2021 to 58.9% in Q3 2021 due to improved supplier pricing and less discounting at the point of sale.
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Harborside Inc.