Harborside Inc. Uses Bay Street Communications to Provide Investor Relations Services
OAKLAND, California, September 27, 2021 / PRNewswire / – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), (OTCQX: HBORF) a Californiaa cannabis business focused on vertical integration and focused on September 26, 2021 (the “IR Contract”).
BSC is an independent investor relations and corporate communications consultancy with the experience, market knowledge, communication skills and network of relationships to help build Harborside’s profile in the financial markets. BSC’s mandate is to help Harborside achieve a market valuation that fully and fairly reflects the fundamentals and growth potential of the Company, thereby minimizing the cost of capital of the Company.
BSC’s engagement remains subject to customary regulatory approvals, including the approval of the Canadian Securities Exchange (the “CSE”). The term of BSC’s engagement will continue on a monthly basis and may be terminated by either party after six months, upon 30 days written notice. Under the terms of the IR Agreement, Harborside will pay BSC a monthly fee of $ 10,000 for ongoing strategic investor relations services. At the time of the conclusion of the IR Agreement, neither BSC nor its officers had any direct or indirect interest in the actions of Harborside.
For the latest news, activities and media coverage, please visit the Harborside website at http://www.investharborside.com or connect with us on LinkedIn and Twitter.
Harborside Inc. is one of the oldest and most respected cannabis retailers in California, operating three of the main dispensaries in the San Francisco Bay Area, a dispensary in the Palm springs space equipped with southern california only window of cannabis driving, a dispensary in Oregon and a cultivation / production facility at Salinas, California. Harborside has been instrumental in making cannabis safe and accessible to a large and diverse community of California consumers since 2006, when it obtained one of the first six medical cannabis licenses granted in the United States. Today, the company holds cannabis licenses for retail, distribution, cultivation, nursery and manufacturing. Harborside is a publicly traded company on the CSE under the ticker symbol “HBOR” and on the OTCQX Best Market under the ticker symbol “HBORF”. Additional information regarding Harborside is available under Harborside’s SEDAR profile at www.sedar.com.
Caution regarding forward-looking information
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. To the extent that the forward-looking information contained in this press release constitutes “financial outlook” or “forward-looking financial information” within the meaning of applicable Canadian securities laws, the reader is cautioned not to place undue reliance on such information. . All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release. Any statement that involves discussions regarding predictions, expectations, beliefs, plans, projections, goals, assumptions, future events, or performance (often but not always using expressions such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “planned”, “plans”, “estimates”, “believes” or ” intends “or variations of these words and expressions or asserting that certain actions, events or results” may “or” could “,” would “,” could “or” shall “be regarded as occurring or be reached) are not statements of historical fact and may be forward-looking statements. In this press release, forward-looking statements include, among other things, the timing and receipt of customary regulatory approvals, the duration of the engagement with BSC and the impacts on the Company’s business resulting from the engagement of BSC.
These forward-looking statements are based on reasonable assumptions and estimates of the management of the Company at the time these statements were made. Actual future results may differ materially, as forward-looking statements involve risks, uncertainties and other known and unknown factors that may cause the actual results, performance or achievements of the Company to differ materially from the results, performance or achievements. futures expressed or implied by these forward-looking statements. These factors include, among others: the implications of the COVID-19 pandemic on the Company’s operations; fluctuations in general macroeconomic conditions; fluctuations in the securities markets; expectations regarding the size of the cannabis markets in which the Company operates; and the risk factors set out in the Company’s MD&A for the quarter ended June 30, 2021 and the Company’s listing declaration dated May 30, 2019, which are available under the Company profile at www.sedar.com. Although the forward-looking statements contained in this press release are based on what the management of the Company considers, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with these. forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or expected. Readers should not place undue reliance on the forward-looking statements and information contained in this press release. The Company assumes no obligation to update any forward-looking statements of beliefs, opinions, projections or other factors, in the event of change, except as required by law.
The Company, through several of its subsidiaries, is indirectly involved in the manufacture, possession, use, sale and distribution of cannabis in the recreational and medicinal cannabis market in United States. The laws of the local states where the Company operates permit such activities. However, investors should note that there are important legal restrictions and regulations governing the cannabis industry in United States. Cannabis remains a Schedule I drug under the United States Controlled Substances Act, making it illegal under federal law in United States among other things, cultivate, distribute or possess cannabis in United States. Financial transactions involving products generated by, or intended to promote, commercial activities related to cannabis in United States may form the basis of prosecution under applicable US federal money laundering law.
Although the approach to the enforcement of these laws by the federal government in United States tends not to be enforced against individuals and businesses who comply with recreational and medicinal cannabis programs in states where such programs are legal, strict compliance with state cannabis laws will not exempt the Company of its liability under US federal law, nor will it provide a defense to any federal proceeding that may be brought against the Company. The application of federal laws in United States constitutes a significant risk to the activities of the Company and any proceedings brought against the Company under it may have a negative impact on the operations and financial performance of the Company.
This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be illegal, including titles in United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities law and may not be offered. or sold in United States or to, or on behalf of or for the benefit of US Persons (as defined in Regulation S under the 1933 Act) unless they are registered under the 1933 Act and securities laws state securities, or an exemption from those registration requirements is available.
The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its market regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Harborside Inc.