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.

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Harborside Inc. > HBOR: Upcoming 3rd Quarter

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Post by HBORZILLA on Sep 08, 2021 5:53pm

HBOR: Upcoming 3rd Quarter

The 3rd quarter ending this month will be nice. We'll have 3 months of Sublime revenues. Sublime is expected to make 24.6 million this year. If you pro rate you're looking at 6 million a quarter. We'll also have a partial month with increased San Leandro profits. Now that they acquired the place profits are based on 100% of revenues from only 10%. Hopefully the updates at the farm will further impact revenues, but I'm thinking that next quarter results will be 21 million . that would represent a 31% increase in revenues quarter to quarter. 21 million is with a 2 million buffer just to be conservative.

Those results should be due in November right at the beginning of the winter market mania where stocks go up beyond their value.

I've been flipping CP over the past few months to buy extra HBOR shares. $300 to $500 here and there certainly helps me average down.