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Harborside Group Reports Q2 2021 Financial Results

Stockhouse Editorial
1 Comment| August 31, 2021

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Harborside Group Inc. (HBOR) (CSE.HBOR, OTC: HSDEF, Forum) – a California-focused, vertically integrated cannabis enterprise – has announced its financial results for the second quarter ending June 30, 2021 (Q2 2021).

Matt Hawkins, Chairman and Interim Chief Executive Officer of Harborside, commented:

"I'm thrilled with the strong sequential growth we drove in our second quarter while continuing to make solid improvements to our gross margins and profitability. We continue to build a robust business, supported by our high-quality cultivation, leading consumer brands, and best-in-class retail experience. Our continued focus on improvement has allowed us to become a leader in the California cannabis market and we expect our business to continue to advance as we begin to integrate the synergies afforded by the Sublime Acquisition that closed in July."


Full details here.


About Harborside:

Harborside Inc. is one of the oldest and most respected cannabis retailers in California and has played an instrumental role in making cannabis safe and accessible to a broad and diverse community of California consumers since 2006, when it was awarded one of the first six medical cannabis licenses granted in the United States. Today, the Company holds cannabis licenses for retail, distribution, cultivation, nursery, and manufacturing and is operating three of the major dispensaries in the San Francisco Bay Area, a dispensary in the Palm Springs area outfitted with Southern California's only cannabis drive-thru window, a dispensary in Oregon, and a cultivation/production facility in Salinas, California. Harborside distributes its portfolio of brands, including Sublime, Harborside, and Key, to over 500 dispensaries within California.


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.


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