Marijuana retailers report robust sales from 4/20 weekend
U.S. marijuana retailers reported brisk business on April 20, the biggest day of the year for cannabis sales, despite setbacks from widespread e-commerce platform outages.
harborside
Cannabis lender Pelorus closes second tranche of $77.3M Harborside financing
Cannabis industry real estate lender Pelorus Equity Group closed the second tranche of its $77.3 million loan to California marijuana company Harborside.
Cannabis company Hexo experiences pitfall of listing on public exchange
One of the big attractions of listing on a public exchange is increased access to capital.
One of the drawbacks, however, is mandatory compliance with additional securities requirements.
Marijuana operator Harborside closes first tranche of $77.3M debt financing
Oakland, California-based vertically integrated marijuana firm Harborside closed the first tranche of a $77.3 million debt financing deal.
CA marijuana operator Harborside to acquire Urbn Leaf, Loudpack
Venerable California vertical marijuana operator Harborside is making a big move to expand in the state with definitive agreements to acquire Urbn Leaf, a San Diego-headquartered retailer, and Loudpack, a cultivator, processor and distributor based in Los Angeles.
Biden’s vaccine mandate expected to apply to marijuana industry
The marijuana industry should expect to feel the same impacts as other industries from imminent federal regulations requiring businesses with more than 100 employees to impose a coronavirus vaccine mandate or mandatory weekly testing for those who don’t vaccinate.
Harborside expands California cannabis presence + debt options remain limited
On July 5, Harborside (CSE: HBOR; OTCQX: HBORF), a California-based vertically integrated operator, closed its acquisition of Sublimation (“Sublime”).
Upheaval often follows after legacy marijuana companies go public
After the famed Oakland, California-based marijuana dispensary Harborside went public in 2019, long-term employees noticed a change within the company: a cultural shift from the activist roots of Harborside’s founders to a more buttoned-down corporate atmosphere.
US appeals court denies cannabis firm Harborside’s bid to end 280E
A U.S. appeals court has rejected California-based Harborside’s bid to stamp out Section 280E of the Internal Revenue Code, dealing a major blow to the marijuana industry’s hopes of eliminating a federal tax provision that has cost companies countless millions of dollars over the years.
