Statehouse Holdings Inc (STHZF)

[vinovista]

https://pubs.acs.org/doi/10.1021/acs.jnatprod.1c00946

[DollarSquad]

Can anybody provide financial summary for these cats? Can't seem to find one. Dismal volume.

Is there a DD package available?

[DarthYoda]

Had to do some dancing around here but am back in and accumulating.

[Dewayne18]

California tax break for cannabis co's:

https://mjbizdaily.com/california-to-allow-state-tax-deductions-for-cannabis-businesses/

[Dewayne18]

$HBOR $HBORF California cannabis company Harborside is not done with acquisitions after latest deals:


https://www.marketwatch.com/story/california-cannabis-company-harborside-is-not-done-with-acquisitions-after-latest-deals-11638552997

[vinovista]

Well I guess that didn't happen!

Author: MICHAEL R. BLOOD
Written on: Fri, December 17, 2021, 12:27 PM

[pmunch]

https://www.yahoo.com/news/california-pot-companies-warn-impending-202704687.html

[Dewayne18]

"The Deep Dive" Coverage - Harborside To Acquire Urbn Leaf, Loudpack, Rebrand As StateHouse Holdings:


https://thedeepdive.ca/harborside-to-acquire-urbn-leaf-loudpack-rebrand-as-statehouse-holdings/


$HBOR $HBORF

[Dewayne18]

$HBORF $HBOR Harborside Announces Business Combination with Urbn Leaf and Loudpack Creating StateHouse Holdings, a Leading California Cannabis Company:

https://greenstocknews.com/news/otcmkts/hborf/harborside-announces-business-combination-with-urbn-leaf-and-loudpack-creating-statehouse-holdings-a-leading-california-cannabis-company

Soon 15 dispensaries under our belt in the most profitable area in North America.

[pmunch]

Nice !! We goin up HBORF $

[Dewayne18]

$HBORF $HBOR Harborside Inc. Announces a Private Placement of Equity Units of up to US$10 Million Concurrently with Announcement of M&A Transactions:

https://www.newcannabisventures.com/harborside-inc-announces-a-private-placement-of-equity-units-of-up-to-us10-million-concurrently-with-announcement-of-ma-transactions/

[Dewayne18]

Harborside Inc. Reports Third Quarter 2021 Financial Results:

https://stockhouse.com/news/press-releases/2021/11/29/harborside-inc-reports-third-quarter-2021-financial-results

[DarthYoda]

RSI low enough here yet lol? Keep em coming...

https://schrts.co/EZZxpRyA
https://schrts.co/skTAmytU

[DarthYoda]

Management believes that StateHouse, which is expected to trade under a new symbol (CSE: STHZ), will be the largest and most developed cannabis platform in the state of California with superior retail, brands, processing, manufacturing, distribution and cultivation. Management believes that StateHouse will have the highest estimated annual revenue and brand market share among its current publicly-listed California peers1, providing the Company with a strong platform for growth as a consolidator of California's cannabis industry. Through the first nine months of 2021, Harborside, on a pro-forma basis including revenue of Sublimation Inc. ("Sublime") for the entire period, had gross revenue of US$57.8 million2, while Urbn Leaf and Loudpack had revenue of US$45.9 million and US$61.4 million, respectively. Therefore, on a pro forma basis, management estimates that StateHouse would have generated gross revenue of approximately US$165 million for the same period.

https://www.prnewswire.com/news-releases/harborside-announces-business-combination-with-urbn-leaf-and-loudpack-creating-statehouse-holdings-a-leading-california-cannabis-company-301433467.html

[DarthYoda]

In connection with the Transactions, management has entered into a letter of intent with Pelorus Equity Group to complete the Real Estate Financing (as defined below) of US$77.3 million of non-dilutive real estate debt financing, which unlocks significant value from the StateHouse real estate portfolio and provides significant growth capital for the business. See "Concurrent Financing" below for further details.

https://www.prnewswire.com/news-releases/harborside-announces-business-combination-with-urbn-leaf-and-loudpack-creating-statehouse-holdings-a-leading-california-cannabis-company-301433467.html

[DarthYoda]

These unaudited condensed interim consolidated financial statements incorporate the accounts of the Company
and its wholly-owned subsidiaries as follows:

Name Jurisdiction Purpose
Percentage
Owned (%)
September
30, 2021
Percentage
Owned (%)
December 31,
2020

Harborside Inc. Ontario, Canada Parent 100 100
FLRish Farms Cultivation 2, LLC California, U.S. Operating Company 100 100
Patients Mutual Assistance Collective Corporation California, U.S. Operating Company 100 100
San Jose Wellness Solutions Corp. California, U.S. Operating Company 100 100
San Leandro Wellness Solutions Inc. California, U.S. Operating Company 100 100
LGC LOR DIS 2, LLC Oregon, U.S. Operating Company 100 100
FGW Haight Inc. California, U.S. Operating Company 21 21
LGC LOR DIS 1, LLC Oregon, U.S. Operating Company 100 100
Encinal Productions RE, LLC California, U.S. Operating Company 100 -
Savature Inc. California, U.S. Operating Company 100 100
Sublime Machining Inc. California, U.S. Operating Company 100 -
Accucanna RE, LLC California, U.S. Operating Company 100 -
Accucanna LLC California, U.S. Operating Company 100 -
FLRish, Inc. California, U.S. Management Company 100 100
FLRish Retail Management & Security Services, LLC California, U.S. Management Company 100 100
FLRish Farms Management & Security Services, LLC California, U.S. Management Company 100 100
FFC1, LLC California, U.S. Holding Company 100 100
FLRish Farms Cultivation 7, LLC California, U.S. Holding Company 100 100
FLRish Flagship Enterprises, Inc. California, U.S. Holding Company 100 100
FLRish IP, LLC California, U.S. Holding Company 100 100
FLRish Retail, LLC California, U.S. Holding Company 100 100
FLRish Retail Affiliates, LLC California, U.S. Holding Company 100 100
FLRish Retail JV, LLC California, U.S. Holding Company 100 100
Haight Acquisition Corporation Delaware, U.S. Holding Company 100 100
LGC Holdings USA, Inc. Nevada, U.S. Holding Company 100 100
LGC Real Estate Holdings, LLC Nevada, U.S. Holding Company - 100
LGC Real Estate (Colorado), LLC Nevada, U.S. Holding Company - 100
LGC Operations, LLC Nevada, U.S. Holding Company 100 100
Lineage GCL Oregon Corporation Oregon, U.S. Holding Company 100 100
Lineage GCL California, LLC California, U.S. Holding Company 100 100
Unite Capital Corp. Ontario, Canada Holding Company 100 100
SaVaCa, LLC California, U.S. Holding Company 100 100
Sublimation Inc. Delaware, U.S. Holding Company 100 -
Oakland Machining Supply SLB LLC California, U.S. Holding Company 100 -
Accucanna Holdings Inc. California, U.S. Holding Company 100 -

https://www.sedar.com/

[N.C.LUCKY(7)]

Big stakes for cannabis
The stakes are higher than ever to pass "first win" consequential cannabis reforms, and investors may be big winners along with the industry... https://www.cnbc.com/2021/11/30/opinion-cannabis-stocks-could-soon-get-a-big-legislative-jolt.html

[Dewayne18]

Q3 Results, acquisitions & financings



https://www.newswire.ca/news-releases/harborside-inc-reports-third-quarter-2021-financial-results-898565191.html

Next year revenues expected to be 165 million...

[DarthYoda]

This will be good...

OAKLAND, Calif., Sept. 27, 2021 /PRNewswire/ - Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR) (OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, today announced that, subject to shareholder approval, it intends to amend its articles (the "Amendment") to remove conversion restrictions placed on the Company's multiple voting shares ("MVS"). The Company anticipates that this change will eventually result in more than 50% of the Company's issued and outstanding subordinate voting shares ("SVS") being directly or indirectly owned by shareholders of record domiciled in the United States ("U.S."), which will have the effect of the Company no longer meeting the definition of "foreign private issuer" under U.S. securities laws and the Company will be required to register under the Securities Exchange Act of 1934, as amended (the "Transition").

If and when the Transition is completed, the Company will be subject to the U.S. Securities and Exchange Commission's ("SEC") reporting requirements applicable to U.S. domestic companies. The SEC's reporting requirements will require, among other things, Harborside's financial statements and financial data to be presented under U.S. GAAP. The Company expects to seek shareholder approval for the Amendment by the end of the 2021 calendar year and has established a task force of internal and external resources to manage the Transition.

Although the Company will become a U.S. registrant with the SEC, it will continue to be an Ontario corporation. Harborside's shareholders will not be required to take any action as a result of the Company's Transition, if and when the Transition is approved and completed, other than officers, directors, and holders of 5% or more of the Company's shares of SVS. Harborside's SVS will continue to be listed on the Canadian Securities Exchange ("CSE") under the symbol "HBOR" and on the OTCQX Best Market under the symbol "HBORF".

For the latest news, activities, and media coverage, please visit the Harborside corporate website at www.investharborside.com or connect with us on LinkedIn, and Twitter.

About Harborside:

Harborside Inc. is one of the oldest and most respected cannabis retailers in California, operating three of the major dispensaries in the San Francisco Bay Area, a dispensary in the Palm Springs area outfitted with Southern California's only cannabis drive-thru window, a dispensary in Oregon and a cultivation/production facility in Salinas, California. Harborside has played an instrumental role in making cannabis safe and accessible to a broad and diverse community of California consumers since 2006, when it was awarded 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 listed company on the CSE trading 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.

https://www.prnewswire.com/news-releases/harborside-expected-to-transition-to-domestic-issuer-status-in-united-states-301385525.html

[DarthYoda]

This will be just in time for Harborside to avoid paying future carbon offset credits, which California is implementing on Jan 1, 2023.

https://microgridknowledge.com/microgrid-projects-update/

[MADDSTACKER]

Yup holding some here also

[DarthYoda]

"Biden Administration Can Legalize Marijuana Without Waiting For Lawmakers, Congressional Researchers Say":
November 3, 2021
https://www.marijuanamoment.net/biden-administration-can-legalize-marijuana-without-waiting-for-lawmakers-congressional-researchers-say/

[DarthYoda]

"New Leafly ‘Cannabis Harvest Report’ values crop 5th in the nation":
November 03, 2021

https://www.leafly.com/news/industry/cannabis-harvest-report-2021

[Jon Bovi]

You'd need a 1lb reese cup just to manage.

MJ market in Canada and US could use a boost of good news/legislation from the US

[DarthYoda]

Once the project is complete, it will be the biggest renewable energy project launched in the U.S cannabis industry.

https://factsaboutcbd.org/harborside-inc-otcmkts-hborf-plans-to-install-a-renewable-energy-microgrid-at-production-campus-in-salinas-5188

[DarthYoda]

I can't believe people think they need to go to those lengths to study cannabis, especially by harming animals. How much harder could you try to kill someone with something?

They gave a monkey 42,300mg of THC, and couldn't kill it. They killed two beagles, but it wasn't from the THC. It was because they choked on the tube.

If I took something like 9000mg/kg, I would have to ingest 900,000mg of THC. That's .9kg, or 1.98 pounds of pure THC.

[DarthYoda]

"Scientists Couldn't Kill Monkeys With Excessive Amounts of THC. Here's Why That Matters":
November 1, 2021
https://www.greenentrepreneur.com/article/394339

[DarthYoda]

"How the IRS Could Be the Deciding Factor in the Legalization of Cannabis":
October 25, 2021
https://www.energyandcapital.com/articles/how-the-irs-could-be-the-deciding-factor-in-the-legalization-of-cannabis/100371

"Top IRS Official Says Marijuana Banking Reform Would Help Feds ‘Get Paid’":
October 22, 2021
https://www.marijuanamoment.net/top-irs-official-says-marijuana-banking-reform-would-help-feds-get-paid/

[DarthYoda]

Congress in action tomorrow..."Key House Committee Will Vote On Marijuana Research Bill For Veterans This Week":
November 2, 2021

A congressional committee is scheduled to vote on a bill on Thursday that would require the U.S. Department of Veterans Affairs (VA) to conduct clinical trials into the therapeutic potential of marijuana for military veterans.

The House Veterans’ Affairs Committee will hold a markup of the legislation from Rep. Lou Correa (D-CA). His bill, the VA Medicinal Cannabis Research Act, would mandate that the department launch a series of studies on using medical marijuana to treat PTSD and chronic pain. Earlier versions of the measure cleared the panel in 2020 and 2018 but were not enacted into law.

The new action this week comes a month after a subcommittee held a hearing on the proposal, with the Biden administration expressing opposition to the reform.

Correa said at the time that his bill is “a pragmatic and bipartisan piece of legislation that would advance our understanding of the impacts of medicinal cannabis usage and could improve the lives of veterans and other Americans.”

But a VA representative pushed back on the proposal, saying any clinical trials involving human subjects that carries potential risks must use the “smallest number of participants needed to avoid unnecessarily putting subjects at risk.”

With respect to marijuana, some effects “are not known,” VA’s David Carroll said, “thus a circumscribed approach to determine dose, administration modality and best outcome measure must be shown in a proof-of-concept approach to ensure the validity of the research.”

Additionally, Carroll argued that certain requirements stipulated in the bill such as studying seven different cannabis varieties are “not consistent with the current state of scientific evidence, which suggests that smaller, early phase, controlled clinical trials with a focused set of specific aims are optimal to determine proof of concept for using cannabis to treat specific conditions.”

VA is “already dedicating resources and research expertise to study the effects of cannabis on conditions affecting veterans,” Carroll said in the subcommittee hearing—though advocates and key lawmakers don’t view those ongoing studies as sufficient.

The department’s response to the bill is consistent with its past testimony—but it still comes as a disappointment to advocates who had hoped VA under Biden would ultimately embrace the modest reform.

Hopes were raised even higher after the bill sponsor, Correa, recently informed a separate House panel that he’d had a conversation with VA Secretary Denis McDonough about the issue of marijuana and veterans. Groups that represent military veterans, meanwhile, have backed the legislation.

The bill says the VA secretary “shall carry out a series of clinical trials on the effects of medical-grade cannabis on the health outcomes of covered veterans diagnosed with chronic pain and covered veterans diagnosed with post-traumatic stress disorder.”

https://www.marijuanamoment.net/key-house-committee-will-vote-on-marijuana-research-bill-for-veterans-this-week/

[DarthYoda]

IMO, you have a good one here. I checked in on it periodically since they went public, but can't believe how cheap it's become.

[DarthYoda]

Tiny Float, and fully diluted market cap is like $70mil while having $60mil in revenue last year. $26.9mil in cash per last report, which is just shy of equaling their OTC markets market cap...

Cash and Cash Equivalents
26,935
6/30/2021

Market Cap
29,234,364
11/02/2021
Authorized Shares
Unlimited
10/27/2021
Outstanding Shares
39,447,260
10/27/2021
Restricted
9,094,543
10/27/2021
Unrestricted
30,352,717
10/27/2021
Held at DTC
8,497,490
10/27/2021
Float
15,995,134
08/20/2021

https://www.otcmarkets.com/stock/HBORF/security

[DarthYoda]

Started grabbing here. Way undervalued by any metric. Should benefit nicely from banking legislation...

https://www.newcannabisventures.com/harborside-investor-dashboard/

[Dewayne18]

$HBORF Harborside Announces Retail Partnership with RNBW, a New Premium Brand at the Intersection of Cannabis and Live Music:

https://stockhouse.com/news/press-releases/2021/10/15/harborside-announces-retail-partnership-with-rnbw-a-new-premium-brand-at-the

[Dewayne18]

Not my thing although Village Farms looks good...

[pmunch]

https://www.investors.com/news/marijuana-stocks-good-buy/

[Dewayne18]

Commercial-Scale Renewable Energy Microgrid Project at Salinas Production Campus:

https://stockhouse.com/news/press-releases/2021/10/12/harborside-announces-planned-commercial-scale-renewable-energy-microgrid-project

The company will save over 12.5 million over a period of 20 years.

[Dewayne18]

The company has been making s lot of deals and for a junior there's always a concern if the investments will return a better bottom line or if they're adding shares or dilution without adding value. The 3rd quarter is done and results are due next month. I expect revenues to climb 30%. I've got a lot invested here and I'm not too worried although I miss seeing it go up.

[pmunch]

Hope this Dog gets some Love !! Wow it’s undervalued

[Dewayne18]

Harborside Inc. Engages Bay Street Communications To Provide Investor Relations Services:

https://stockhouse.com/news/press-releases/2021/09/27/harborside-inc-engages-bay-street-communications-to-provide-investor-relations

[Dewayne18]

Harborside promises big returns, says ATB:

https://www.cantechletter.com/2021/09/harborside-promises-big-returns-says-atb/

#UNDERVALUED #MMJ #INVESTING #MONEY #SMALLCAP #CSE #OTC #PROFIT


Don't forget, the 3rd quarter is done the end of September. I'm expecting a 30% increase in revenues quarter over quarter from Q2 to Q3. The following will impact revenues:

- 1 full quarter of "Sublime" revenues on the basis of 24.6 million in revenues expected for 2021.

- Improved flower yield after Grow Farm updates.

- Desert Hot Springs Dispensary profit increase after the acqusition early September. Now HBOR takes 100% of revenues instead of 10%.

- San Leandro goes from medical use to recreational use from the beginning of the quarter.

- Acquisition of Salinas Production Campus at the beginning of the quarter.


Further revenues boost: The San Fransisco location expected to be fully built this upcoming quarter.

[Dewayne18]

$HBOR $HBORF Harborside Inc. Announces Strategic Agreement in Cannabis Crop Steering Research:

https://stockhouse.com/news/press-releases/2021/09/16/harborside-inc-announces-strategic-agreement-in-cannabis-crop-steering-research

#UNDERVALUED

[Dewayne18]

The "Stockhouse" Stocktalk Cannabis Report features Harborside Inc:

https://stockhouse.com/news/newswire/2021/09/03/the-stocktalk-cannabis-report-sep-3-2021

[Dewayne18]

$HBOR $HBORF Harborside Completes Acquisition of its Desert Hot Springs Retail Location:

https://stockhouse.com/news/press-releases/2021/09/03/harborside-completes-acquisition-of-its-desert-hot-springs-retail-location

[Dewayne18]

$HBOR $HBORF Harborside Inc Q2 2021 Media Coverage:

https://www.newcannabisventures.com/harborside-q2-net-revenue-increases-23-from-q1-to-15-4-million/

[Dewayne18]

Q2 Revenues up 25%

https://stockhouse.com/news/press-releases/2021/08/30/harborside-inc-reports-second-quarter-2021-financial-results

Not to mention that the Q2 loss was only 0.3 million. A net revenue increase of 201% from a loss of 1.7 million in Q2 2020.

[Dewayne18]

$HBOR $HBORF Second quarterly results to be released August 31, 2021:



https://stockhouse.com/news/press-releases/2021/08/23/harborside-to-host-second-quarter-2021-investor-conference-call

[Dewayne18]

"Simply Wall Street" Gives $HBOR $HBORF share price a fair market value of $10.07 Canadian:

https://simplywall.st/stocks/ca/pharmaceuticals-biotech/cse-hbor/harborside-shares

[MADDSTACKER]

I smack for 15 k and then some +#=#;#; sells at market learn how to trade …

[Dewayne18]

$HBOR $HBORF Harborside Announces Management Changes:

https://stockhouse.com/news/press-releases/2021/07/19/harborside-announces-management-changes

[Dewayne18]

$HBORF $HBOR With the acquisition of "Sublime" now complete we can expect Harborside's revenues to go up 34% as of July. This is on the basis of Harborside's guidance of 68 million to 72 million in revenues for 2021 and Sublime's revenue expectation of 24 million for 2021.