Harborside Inc (CSE: HBOR) is a California-focused, vertically integrated, fully licensed cannabis company with its business consisting of three primary segments that generated record gross revenue in the 3rd quarter 2020.
- Retail Dispensaries
- Cultivation and Processing
- Wholesale Sales (including branded product sales).
Harborside operates the only drive through dispensary in California and is one of the oldest and most respected cannabis retailers in California:
- Operations have generated over $400M in cumulative sales since inception
- Generated 21.2% Sequential Revenue Growth Q3
- Record Gross Revenues of $19.6 Million
- Expects Full Year Gross Revenues of Approximately $61 Million – $63 Million from 5 dispensaries
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
RETAIL OPERATIONS
Harborside dispensaries are preeminent NorCal cannabis retail operations with a significant track record and expertise gained through 13 years of operations.
- Retail operations command 3% of California’s entire retail market
- 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
- Recently opened two new Harborside locations to further expand California footprint
Watch the Video to see how Harborside works:
Harborside is an advertising client of AGORA Internet Relations Corp.
Tags: American CBD, california cannabis, Cannabis, Canopy Growth Corp, CSE, Greenhouse, Hemp, Record, Revenue, small cap, tsx, Wholesale