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San Leandro dispensary construction to be over next month with revenues expected to hit the books in the second half of 2019.
Desert Hot Springs dispensary got their certification of occupancy end of August and will be open for business next month.
I just placed a stink bid in for tomorrow... I know things are gonna get hot again with the third quarter results.
Bank of Montreal... One of Canada's top 5 banks, discontinues MMJ shorting:
https://business.financialpost.com/investing/bmo-is-no-longer-allowing-retail-investors-to-short-cannabis-stocks
Bank of Montreal... One of Canada's top 5 banks discontinues shorting practice on MMJ stocks:
https://business.financialpost.com/investing/bmo-is-no-longer-allowing-retail-investors-to-short-cannabis-stocks
Stockhouse.com covers HBOR: https://stockhouse.com/news/newswire/2019/09/05/california-cannabis-retailer-reports-20-q2-retail-jump
HBOR Revenues up 20% in the last quarter...
HBOR ranked top 20 amongst American listed MMJ companies.
Today was the last day to buy shares before the company starts to buy back shares on the open market as of next Monday...
They only owned 50% before now they own a 100% interest... Imagine those revenues going up not to mention the new dispensary in October. Next quarter, net profit. I wonder how high we're going on that. Investors are realizing those big MMJ companies won't be making a profit anytime soon. The boys have already started moving their money in juniors.
TAX WRITE OFF DONE BIG THINGS AHEAD
$WEED is moving up... Greener days ahead for the whole industry.
Hopefully today is a sign that we've started to absorb the selling pressure from trading so high last week. A rebound might be in the works.
Mackie the market maker bought up to $3.19 today...
Only 19 percent of shares owned by retail investors. less than 20 million shares outstanding and 800,000 shares to be taken by the companies buy-back. The ask gonna get squeezed hard. When new buyers who bought sub $2 stop selling we're gonna fly again.
Who owns HBOR (Article) :
https://simplywall.st/stocks/ca/consumer-retailing/cse-hbor/harborside-shares/news/could-harborside-inc-s-cnsxhbor-investor-composition-influence-the-stock-price/
The general public only has 19% of outstanding shares and now HBOR intends to buy-back 5% of the outstanding shares.
I'm gonna keep buying shares until the new year at least. I expect that with the company stating their displeasure with the current SP and the low amount of shares owned buy the public that insiders are in complete control of this stock and we should see $4 soon enough.
Can't wait to see the third quarter results. With profits growing and regular expenses of about 5 million the SP will soar.
HBOR intends to buy 5 percent of outstanding shares on open market
Desert Hot Springs dispensary location to open in October...
More detailed information on the quarterly results: https://www.sedar.com/CheckCode.do;jsessionid=0000voNGyRrH3opBuRyPqjl0f0J:188setvlh
Get your shares only 10 min to go...
$2.79 POW loving those quarterly results...
Financial Statements & MD&A: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00013218
I certainly hope so... California has the largest MMJ market and currently HBOR has over 3 percent of it. I say over because of the additional 2 dispensaries it now has since about 2 weeks ago. It's a great company to follow and a potential take over target if it keeps growing.
Top 6 firms are holding the shares at an average of $4.20 to $4.80 on a total of 5.5 million shares. The shorts are gone and the asks are empty all the way up to $3.50... People are waking up finally. I've been buying shares on the way down. More to buy tomorrow. These figures are Canadian.
Harborside Engages Generation Advisors and Mackie Research for Market Making Services
OAKLAND, CA and TORONTO, Aug. 23, 2019 /CNW/ - Harborside Inc. ("Harborside" or the "Company") (CSE: HBOR), is pleased to announce that, subject to regulatory approval, it has retained Generation Advisors Inc. ("Generation") and Mackie Research Capital Corporation ("Mackie") to provide trading, market stabilization and liquidity services for the Company in accordance with regulatory guidelines. Generation and Mackie will trade the subordinate voting shares of Harborside (the "Shares") on the Canadian Securities Exchange (the "CSE") for the purposes of maintaining a reasonable market and improving the liquidity of the Shares.
Under the issuer trading services agreement between Generation and the Company (the "Generation Agreement"), the Company has agreed to pay Generation a fee of C$7,500, plus applicable taxes, per month, payable quarterly in advance. The initial term of the Generation Agreement will last for 180 days, and such term will be automatically renewed for a subsequent three month period unless terminated earlier by 30 days' prior written notice by the Company to Generation. Generation will also have the right to terminate the Generation Agreement at any time upon prior written notice to the Company.
Under the letter agreement between Mackie and the Company (the "Mackie Agreement"), the Company has agreed to pay Mackie an all-inclusive flat fee of C$5,000 per month, payable in advance. The engagement will be ongoing on a month-to-month basis and may be terminated by either party with written notice of 30 days. The Mackie Agreement is principally for the purposes of maintaining market stability and liquidity for the Shares and is not a formal market making agreement.
There are no performance factors contained in the Generation Agreement nor the Mackie Agreement. Neither Generation nor Mackie will receive any shares or options from the Company as compensation for services it will render.
About Harborside:
Harborside Inc. is one of the oldest, largest and most respected cannabis retailers in the world, operating two of the major dispensaries in the San Francisco Bay Area, two dispensaries in Oregon, and a cultivation 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. Co-founded by Steve DeAngelo and dress wedding in 2006, Harborside was awarded one of the first six medical cannabis licenses granted in the United States. Harborside is currently a publicly listed company on the CSE, trading under the ticker symbol "HBOR". Additional information regarding Harborside is available under Harborside's SEDAR profile at www.sedar.com, including in Harborside's Listing Statement dated May 30, 2019.
For the latest news, activities, and media coverage, please visit the Harborside corporate website at www.investharborside.com or connect with us on LinkedIn, Facebook, and Twitter.
The CSE has neither approved nor disapproved the contents of this news 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.
Cision View original content:http://www.prnewswire.com/news-releases/harborside-engages-generation-advisors-and-mackie-research-for-market-making-services-300906391.html
SOURCE Harborside Inc.
Finally someone started a board for HBOR... Glad to see a few comments. Nice to see the slow up trend these days. There's not much on the ask so any volume will push the SP up at this point. I'd say the panic selling is done and people are starting to realize the big discount currently available on shares considering the SP the insiders are holding on this one. Most brokerage firms are holding shares at an average higher than $5CDN. I'm talking about the top 4 houses carrying most shares.
Net Profit Increases 693% When Compared To The Same Quarter In The Previous Year.
Emedia Networks (TSX-V: EMM)
Follow the link below for more details:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00013213
Highlights
(3 months ending December 31, 2010)
Gross revenues $541,364 compared to $534,781
Net revenues $63,138 compared to $7,953
Cash position $203,210 compared to $77,648
Total Shares: 21,610,895
Escrowed Shares: 4,900,000
Net Shares: 16,710,895
Insider Ownership: 60%
Take advantage of the share weakness to buy more shares. Investors are simply upset or confused about the reverse split. Earnings will continue to go up and the share price will be much stronger. More money, less shares make the share price go up much faster. It's just that simple!
A reverse split for MGLG is useless a this point. Unless their business model improves dramaticaly it's hopeless either way.
a 3000 to 1 reverse split sounds good to me, but what's the point! MGLG has little revenue to speak of. That would permanently scare off the little investors it has left.
Good old Maggy finally kicked the bucket. 1's anybody?
Over 5 bucks.... That question is getting tired!
Old "Maggy" is trading at 5's more than it did in the past. 4's might be around the corner. Who know's...
I wonder if the address is someone's home.
If I wanted to gamble and risk loosing all my money I'd buy a lottery ticket. That's such a poor excuse.
Maybe for a bad company...
How much of a reverse split would make you happy?
I thought the last PR was a good one?
I'm waiting for a new low to get back in. I'd expect another short term pop after that.
Looks like this stock doesn't do any better when I'm gone. The result speaks for itself!