One of the oldest and most respected cannabis retailers in California

Operating two of the major dispensaries in the San Francisco Bay Area, two dispensaries in Oregon and a cultivation facility in Salinas, California

Harborside Inc Profile

Why Harborside Inc?


  • One of the oldest and most respected cannabis retailers in California
  • Awarded one of the first six medical cannabis licenses in the USA
  • Operations have generated over $400M in cumulative sales since inception
  • Retail operations command 3% of California’s entire retail market
  • Generated 21.2% Sequential Revenue Growth
    • Record Gross Revenues of $19.6 Million
    • Expects Full Year Gross Revenues of Approximately $61 Million - $63 Million                            
    • 5 dispensaries expected to produce approximately $62M in sales in 2020
  • Operate California’s only drive through dispensary
  • Over 1,300 customers per day in Q2
  • Oakland dispensary is one of the largest retail cannabis locations in the world
  • 13 years of retailing success in California



Harborside dispensaries have generated over $400M in sales to date, and are strategically focused on growing market share in California.

      The SF Bay Area cannabis market is expected to grow from ~$667M in 2018 to ~$1.5B in 20221

       Market potential & growth for California eclipses the combined value of FL, NY, MA & NV

       Recently opened two new Harborside locations to further expand California footprint


Harborside dispensaries are preeminent NorCal cannabis retail operations with a significant track record and expertise gained through 13 years of operations. Harborside operates five dispensaries that are expected to produce approximately $62M in sales in 2020. Significant market share and captive shelf space drive industry-leading sales

       Q2’20 Highlights Over 1,300 Average Customers per Day, 4.2% YoY Revenue Growth, $16.1M Sales

       Retail operations command 3% of California’s entire retail market

       Recently opened two new Harborside locations to further expand California footprint


        Harborside Oakland,

        Harborside San Jose,

        Harborside Desert Hot Springs,

        Harborside San Leandro

        + Terpene Station, Eugene Oregon

Harborside’s retail dispensaries serve both adult-use and medical cannabis customers.

The Harborside dispensary in Desert Hot Springs, California is operated under an MSA with Accucanna, LLC and includes the only drive-thru cannabis dispensary in southern California.

Taken together, Harborside’s retail dispensaries have over 15 years of operating history, with more than $325 million of historical sales (including gross revenue of more than $49 million in Fiscal 2019), and in excess of 270,000 patients and customers served.

Harborside’s Oakland dispensary received one of the first six commercial cannabis licenses issued in the US and is one of the largest retail cannabis locations in the world.


        Sun grown in world renowned Salinas agricultural area

        strategically focused on high quality greenhouse cultivation and processing

        Dutch Venlo technologies (the “Venlo Greenhouse”). : State of the Art Greenhouse

The Salinas Farm

        Harborside operates a cultivation facility located in Salinas, California.

The Salinas Farm is approximately forty-seven (47) acres in size and contains five active greenhouses covering approximately 200,000 total square feet (“sq. ft.”),

        including one greenhouse which features Dutch Venlo technologies (the “Venlo Greenhouse”)

        there are separate buildings on site for drying and processing

The Salinas Farm enables Harborside to produce a wide array of cannabis products offered at varying price points, meeting the ever diverse and changing buying habits of retail customers along with other dispensaries, manufacturers, and distributors.

The Venlo Greenhouse

Provides approximately one acre of growing space in a facility that is equipped with

        solid glass paneling,

        radiant heated floors,

        computerized environmental and fertigation systems

        Customizable automated LED lighting system.

All premium flower grown in this facility is cultivated using sustainable practices and adheres to California’s rigorous horticulture and harvesting standards. As the regulated California market continues to develop, management sees strong potential growth in well-known retail platforms, as well as branded products that are trusted by consumers.



        approximately 47% growth in wholesale revenue 

Management expects continued B2B demand for:

        high quality bulk wholesale flower

        consumer packaged branded products and

        product lines focused on specific consumer demographics



        “Harborside Farms Reserve"

Both brands are well positioned for growth in the area of branded products, including those products sold at wholesale to other retailers and distributors throughout California. 



Harborside expects to leverage its pipeline of acquisition opportunities to capture additional market share


In active discussions with additional M&A parties across NorCal and SoCal, targeting retail operations exceeding $10M in sales and $1M in EBITDA, operational manufacturing assets, and branded product companies


By capturing more of the value chain margin

  • increased by vertically integrating retailers operating as standalone entities

Last changed at 13-Jan-2021 01:47PM by AGORACOM