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Expands Footprint with Social Equity Dispensary in Historic Haight-Ashbury District
OAKLAND, CA and TORONTO, Dec. 21, 2020 /PRNewswire/ - Harborside Inc. ( Harborside , or the Company ) (CSE: HBOR), (OTCQX: HBORF), a California-focused, vertically-integrated cannabis enterprise, announces the closing of the transactions contemplated by the previously announced agreement to acquire 50.1% of the equity (the Shares ) of FGW Haight, Inc. ( FGW ), a California corporation which has the conditional use approval necessary to operate a cannabis dispensary and related businesses in the Haight Ashbury area of San Francisco, California (the Acquisition ).
With the completion of the Acquisition, Harborside expands its retail dispensary footprint in the state of California to five and solidifies a strong presence in the historic and culturally-significant Haight-Ashbury district of San Francisco. The Company expects to complete the build-out, receive all necessary reg