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

Sponsored
Harborside Inc Profile

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Why Harborside Inc?

(CSE: HBOR), (OTCQX: HBORF)

California is one of the largest cannabis markets in the world and Harborside has more than a decade of market success, making it one of the oldest and most respected retailers in California, commanding a 3% share of the entire market.  

  • Renaming company as StateHouse Holdings Inc.
    • StateHouse will be one of the largest publicly traded, vertically integrated cannabis operators in the state of California, with a fully installed and operational platform to consolidate the state's cannabis sector.
  • 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  
  • Planned 11 Acre Solar Array Expected to Offset 100% of Harborside's Greenhouse Cultivation Energy Consumption

5 Dispensaries

Increased Interest in Haight-Ashbury Dispensary

  • Further 29.9% interest in FGW Haight, Inc., a Social Equity Dispensary in Historic Haight-Ashbury District, capitalizing on future growth potential 
  • The SF Bay Area cannabis market is expected to grow from ~$667M in 2018 to ~$1.5B in 2021 Market
  • Potential & growth for California eclipses the combined value of FL, NY, MA & NV                          
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

100%Desert Hot Springs retail dispensary location strategically located in Coachella Valley

OPERATIONS:

CALIFORNIA FOCUSED

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

RETAIL OPERATIONS

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

LOCATIONS:

        Harborside Oakland,

        Harborside San Jose,

        Harborside Desert Hot Springs,

        Harborside San Leandro

        Haight-Ashbury district of San Francisco

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.

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.

CULTIVATION & PRODUCTION