HBORF - Harborside: Q3 Results Reflect Execution On Turn-Over; Acquisitions Allow Scaling In CA
- Q3 results impacted by CA pricing but reflect execution.
- Urbn Leaf acquisition expands retail presence particularly in Southern CA. Loudpack enhances production capabiltiies and brand portfolio.
- Deals follow acquisitions of Sublime brands and cultivation assets in recent months.
- Acquisitions position Harborside to be a CA leader in scale. Longer term likely make Harborside a more viable takeout by MSO.
- Company to rename StateHouse Holdings with Urbn Leaf CEO becoming CEO of consolidated entity.
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Harborside: Q3 Results Reflect Execution On Turn-Over; Acquisitions Allow Scaling In CA