Harborside   |   Jun. 01st, 2021

Harborside Announces Agreement to Acquire Sublime for US$43.8 Million

Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR) (OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, today announced it has signed a definitive agreement (the "Agreement") to acquire 100% of the issued and outstanding equity of Sublimation Inc. ("Sublime"), an award-winning cannabis manufacturing company located in Oakland, CA, for a total consideration of US$43.8 million (the "Acquisition"). The Acquisition is expected to close, subject to customary closing conditions, in July 2021.

Press Release from Harborside (PDF)