Opening a small or medium-sized cannabis business requires capital. While federal legalization of marijuana is inching closer to reality, banks are finding it difficult to keep up with regulations within different states that are constantly changing.
Harborside Inc. (OTCQX: HBORF) (CSE:HBOR) reached an agreement on May 18 to acquire a further 50% ownership interest in its Seaside, California store. The acquisition will result in the company owning all of the issued and outstanding securities of 680 Broadway Master, LLC
California is the largest cannabis market in the world, but the state has struggled with seemingly intractable problems since its adult recreational launch in 2016:
High cultivation and excise taxes and a generally burdensome regulatory environment have hindered the formation of a vibrant legal market.
BioTech Co. PathogenDx Strengthens Executive Team
Biotechnology company, PathogenDx has bolstered its strategic advisory group and senior leadership team with the appointments of several highly experienced executives who will bring their expertise to the company.
The new leadership appointments include:
Harborside Inc. (CSE:HBOR) (OTCQX: HBORF) will acquire a further 29.9% interest in FGW Haight, Inc., which owns the conditional use approval necessary to operate a cannabis dispensary and related businesses located in San Francisco's Haight-Ashbury district.
Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) closed the first tranche of its previously announced $77.3 million debt financing with Pelorus Equity Group. and provided a business update, including with respect to the proposed acquisitions of