Harborside Inc. Recognized for Exceptional Curbside Pickup and Delivery Services
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Announces redemption of special shares
Awarded Best Curbside Pick-up by East Bay Express and Top 3 Finalist in the Best Cannabis Delivery category at Desert Sun’s Best of the Desert Community Choice Awards
OAKLAND, CA., February 26, 2021 / CNW / – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), a California-focused, vertically integrated cannabis company announced today that it was named the best curbside pharmacy pickup by readers of East Bay Express’s Best of the East Bay 2021. In addition, Harborside placed itself as a top 3 finalist in the category “Best cannabis delivery” in the competition “Best of the Desert” 2020 of the Desert Sun.
in the March 2020At the start of the pandemic, local cannabis companies were seen as essential California Counties and may remain open. In order to be able to continue to serve patients and customers safely, Harborside enabled pick-up at the roadside via the e-commerce platform (shopharborside.com) Oakland, San Jose and San Leandro Locations. The companys Hot springs in the desert The site also offers a drive through service – the first in Southern California – for even more comfort. Harborside also operates home delivery services in the Oakland, Greater East Bay, Peninsula and San Jose Areas. By implementing these strategic initiatives, Harborside has remained fully operational throughout the pandemic to meet significant consumer demand.
“We are delighted that our initiatives have made such a positive impact on our local communities,” he said Peter Bilodeau, Interim CEO of Harborside. “The Harborside team has worked hard to implement alternative solutions as quickly as possible during this crisis to ensure continued access to our high quality products. This recognition underscores Harborside’s continued commitment to delivering medicines to our patients and customers who need them most in a convenient way, no matter what challenges we face. “
Harborside was voted for Best Cannabis Deals, Best Cannabis Dispensary, and Best Luxury Cannabis Accessories by East Bay Express’ 2019 Best of the readers East Bay Competition.
Redemption of special shares
The Company also announced today the redemption of all issued and outstanding Series B Special Shares in the Company’s capital (“Series B Special Shares”) and all issued and outstanding Series C Special Shares in the capital of the companies (“Series C Special Shares” and collectively with the special shares of series B the “special shares”).
The redemption to redeem the special shares was completed on February 26, 2021 (the “Redemption Date”) in accordance with the Company’s amendment articles dated 1st December 2020 (the Articles “). The Special Shares outstanding on the Redemption Date included: (i) Series B Special Shares convertible into a total of 275,325 Subordinated Voting Shares in the Company’s capital (” Subordinated Voting Shares “); and (ii) Series C Special Shares which can be converted into a total of 336,508 subordinated voting shares.
The special shares were sold at a redemption price of $ 0.000001 per special share, subject to an adjustment in accordance with the articles. No compensation has been paid to any holder under the Articles that provide for no payment, and no compensation will be given to any payment to any holder that is less than that $ 1.00.
For full details of the terms and conditions of the special shares, please refer to the articles that have been filed and are available on the company’s profile on SEDAR at www.sedar.com.
For the latest news, activity and media coverage, visit Harborside’s corporate website at www.investharborside.com or on LinkedIn, Facebook and Twitter.
Harborside Inc. is one of the oldest and most respected cannabis retailers in Californiaand operates three of the major pharmacies in the San Francisco Bay Area, a pharmacy in the Palm Springs Area equipped with Southern California cannabis drive-through windows only, a pharmacy in Oregon and a cultivation / production facility in Salinas, California. Harborside has been instrumental in making cannabis safe and accessible to a broad and diverse community of people California Consumer. In 2006, Harborside received one of the first six medicinal cannabis licenses granted to it The United States and now holds cannabis licenses for retail, distribution, cultivation, nursery and manufacturing. Harborside is currently a publicly traded company in CSE trading under the ticker symbol “HBOR”. For more information about Harborside, please visit Harborside’s SEDAR profile at www.sedar.com.
The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its market regulator (as that term is defined in the CSE’s guidelines) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE Harborside Inc.
For more information: Corporate Contact: Harborside Inc., Peter Bilodeau, Interim CEO, (519) 919-6500; Investor contact: MATTIO Communications, [email protected];; Media contact: MATTIO Communications, [email protected]