Harborside Inc. HBORF

Just Sit Tight. Let Me Explain...

[HiGhRoLLeR420]

I just got off the phone with IIROC. The guy was very helpful. 

He mentioned that according to the last news release which Lineage released, the article mentions “Reverse Takeover”:

“Lineage Grow Company Ltd. (the "Company" or "Lineage") (CSE:BUDD) and FLRish Inc., a California corporation d/b/a Harborside (“Harborside”), are pleased to announce they have entered into a binding letter agreement (the “Agreement”) pursuant to which Harborside will effect a reverse takeover transaction that will result in, among other things, Lineage acquiring all of the issued and outstanding securities of Harborside on a debt free basis in exchange for newly issued common shares of Lineage (“Lineage Shares”) valued at approximately $200 million (the “Transaction”)...”

The guy from IIROC explained that in this instance with a reverse takeover, he has seen this process last anywhere from 1 week, to 1 month, to 3 months.

Lineage Grow Company need all the proper documents in place and hand them over to the Canadians Stock Exchange, and then the CSE review these documents in order to get the halt lifted. (This means to have all the I’s dotted and the T’s crossed.)

So all in all, we just have to sit back and wait it out. 

This is is the easiest explanation that I can tell investors, because I heard it straight from IIROC.



ALL THE BEST!