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BROCKTON Brockton s retail marijuana scene may be booming within the next year as five additional licenses were granted this week to applicants who all hope to open within roughly the next six months. The Brockton City Council granted five adult-use retail marijuana licenses for businesses located in the downtown and on the North and West sides during a special meeting Tuesday evening. The council has now granted 12 marijuana licenses of the 14 available in Brockton. A 13th applicant is seeking a license from the council and will have a hearing in May. The number of licenses was increased by the council in February from eight to 14 as two former mayors Bill Carpenter and now-Councilor-at-large Moises Rodrigues gave out a total of 14 host community agreements to proposed marijuana establishments despite the city only having eight available retail licenses to issue. ....
Cannabis company Harborside Inc. (CSE:HBOR) (OTCQX:HBORF) recently raised some CA$35.1 million (US$27.8 million) through a brokered private placement. The Oakland, California-based company closed its previously announced upsized brokered private placement of its units at CA$2.55 per SVS Unit, issued to non-U.S. residents and CA$255.00 per MVS Unit, issued to the U.S. investors. Each SVS Unit includes one Harborside s subordinate voting share and one subordinate voting share purchase warrant allowing the acquisition of one subordinate voting share at CA$3.69 per share within three years, following the closing of the offering. MVS Units are comprised of Harborside s multiple voting shares and multiple voting share purchase warrants worth equal to 100 subordinate voting shares. ....
Cannabis and hemp company Jushi Holdings Inc. (CSE:JUSH) (OTCQB:JUSHF) is cutting the ribbon on its second store in Sauget, Illinois. This is the company s 13th store the Boca Raton, Florida-based company opted to open in the country and third in the Prairie State. BEYOND / HELLO Route 3 located at 1401 Mississippi Ave, Suite 17 is scheduled to start serving customers on Tuesday, Dec. 22. Jushi CEO and chairman Jim Cacioppo (pictured) noted that the newest dispensary located in the heart of Metro East s nightlife would meet robust consumer demand for high-quality cannabis products in the state. As of Monday, the company had around $91 million in cash and short-term investments. In addition, its total debt amounted to $93 million, excluding leases and property, as well as plant and equipment financing obligations. ....
Share this article 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 n ....