Harborside Group Inc. (HBOR) (
CSE.HBOR,
OTC: HSDEF,
Forum), a California-focused, vertically integrated cannabis enterprise, reported its financial results for the period ending September 30, 2020.
Highlights:
- Generates 21.2% Sequential Revenue Growth, with Record Gross Revenues of $19.6 Million and Continued Positive Adjusted EBITDA (1) of $4.5 million.
- Reports Strong Combined Gross Margin of 54.7% (1) Driven by Improved Harvest Yields and Higher Wholesale Volumes.
- Expects Full Year Gross Revenues of Approximately $61 Million - $63 Million with Adjusted EBITDA of 8-10% (1)(2)
Full story
here.
New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.
For more of the latest info on Cannabis, check out the Cannabis Trending News hub on Stockhouse.