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Harborside Announces Filing of Listing Statement and Timing for Trading on the Canadian Securities Exchange under the Ticker Symbol “HBOR”
OAKLAND, Calif and TORONTO, June 06, 2019 (GLOBE NEWSWIRE) — Harborside Inc. (formerly Lineage Grow Company Ltd.) (“Harborside”, or the “Company”) is pleased to announce that it has filed its listing statement (the “Listing Statement”) supporting its application for listing on the Canadian Securities Exchange (“CSE”). A copy of the Listing Statement is available under the Company’s profile at www.sedar.com. Trading on the CSE will begin on June 10, 2019 under the ticker symbol “HBOR”.
As at May 30, 2019, the date of the Listing Statement, there were 9,668,162 subordinate voting shares of the Company (“Subordinate Voting Shares”) issued and outstanding. As at the date of this release, there are 12,848,203 Subordinate Voting Shares issued and outstanding. In addition, there are 44,353,718 Subordinate Voting Shares reserved for issuance pursuant to the conversion rights attached to the multiple voting shares, class B special shares, class C special shares, and convertible securities of the Company that are issued and outstanding, but not listed.
The start of trading represents a significant milestone for Harborside, and we’re grateful for the support that we’ve received from the CSE throughout the process. We’re excited to move forward as a public company, with a vehicle that attracts growth capital from new investors, and continue maintaining Harborside’s status as California’s premier cannabis operator.
Andrew Berman, CEO of Harborside
About Harborside Inc.
Harborside Inc. is one of the oldest, largest and most respected cannabis retailers in the world, operating two of the major dispensaries in the Bay Area in Oakland and San Jose and has played an instrumental role in making cannabis safe and accessible to a broad and diverse community of California consumers. Co-founded by Steve DeAngelo and dress wedding in 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States. In May 2019, Harborside executed a reverse takeover with Lineage Grow Company adding two dispensaries in prominent cities in Oregon, additional cultivation, distribution and retail assets to its portfolio, and an expected public listing on the CSE. The Company has entered into a purchase agreement with Walnut Oaks, LLC d/b/a Agris Farms and has signed a binding letter of intent to acquire Lucrum Enterprises, Inc. d/b/a LUX.
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