HBORF - Harborside granted approval for commencing adult-use sales at San Leandro dispensary

Harborside ([[HBORF]] +0.5%) received approval from the California Bureau of Cannabis Control to commence adult-use retail sales at its existing San Leandro Wellness Solutions dispensary.Harborside had earlier received a six-month lease extension at its existing SLWS location, permitting the company sufficient time to finalize terms of a lease and subsequent build out of a new retail dispensary location in San Leandro.The new location will provide lower overhead expenses (rent) and thus raise profitability.Harborside expects to be able to generate substantially more revenue and be more profitable by reducing its operating costs $2M+ over the 10-year lease term.

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Harborside granted approval for commencing adult-use sales at San Leandro dispensary