OTCQX:HBORF - Post by User
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Betteryear2on Sep 03, 2021 7:18am
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Post# 33808219
Completes Acquisition of Desert Hot Springs Retail Location
Completes Acquisition of Desert Hot Springs Retail LocationOAKLAND, Calif., Sept. 3, 2021 /PRNewswire/ - Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR), (OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, today announced it has purchased 100% of the issued and outstanding equity interest of Accucanna LLC, the license holder of the Company's Desert Hot Springs retail dispensary location ("DHS"), together with the real property (the "Property") relating to the DHS (collectively, the "Acquisition") for a total consideration of US$4,918,263 (the "Purchase Price"). Prior to closing of the Acquisition, Harborside had been operating the dispensary since December 2019 under a management services agreement https://www.prnewswire.com/news-releases/harborside-completes-acquisition-of-its-desert-hot-springs-retail-location-301368907.html