Urbn Leaf: Harborside To Buy Urbn Leaf And Loudpack, Creating 'Biggest Cannabis Platform In CA' - StateHouse Holdings

Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) confirmed Monday it will buy UL Holdings Inc. ("Urbn Leaf"), a top California cannabis retailer and LPF JV Corporation ("Loudpack"), the company behind several award-winning cannabis brands in California. Upon completing the transaction, Harborside will be renamed to StateHouse Holdings and will trade under a new symbol - CSE: STHZ, subject to approvals. Combined Company Highlights The Oakland, California-based cannabis company noted that its management believes the new combined company - StateHouse - will be the largest and most developed cannabis platform in the state of California. It is expected to have the biggest estimated annual revenue and brand market share among its current publicly-listed California peers. On a pro forma basis, management estimates that StateHouse would have generated gross revenue of around $165 million for the first nine months of 2021 (consisting of Harborsides' $57.8 million, Urbn Leaf's $45.9 ...Full story available on Benzinga.com