Harborside pays $1.5M to resolve racial discrimination claims with unamed former employee

Here’s a press release from Harborside that is skirting the issue somewhat.

This must, we presume, rankle with Harborside founder Steve D’Angelo who is now Mr International Cannabis Equity & Fairness dude (we presume his business card says something like that) and who, according to his website still serves as  Chairman Emeritus of Harborside Inc, whatever that means.

 

Here’s the current Harboside board. We don’t see much diversity here!

 

Here’s the press release

 

OAKLAND, Calif.June 10, 2021 /PRNewswire/ – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR),(OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, today announced that it has executed a settlement and release agreement (the “Settlement Agreement“) in respect of the previously disclosed litigation between the Company and a former employee. Pursuant to the settlement agreement, the Company has agreed to a one-time payment, net of insurance coverage, of approximately US$1.5 million to settle all aspects of the litigation, which was initiated by the plaintiff in June 2018. More than half of the settlement amount was previously reserved by the Company in Q4 2019 and the settlement payment was incurred to eliminate substantial future legal costs and will resolve all issues relating to the matter.

Harborside pays $1.5M to resolve discrimination claims

 

If you can afford a Law360 subscription you can learn more there

Harborside Pays $1.5M To Resolve Discrimination Claims

By Diana Novak Jones · June 10, 2021, 5:19 PM EDT

California cannabis company Harborside is paying $1.5 million to settle a years-old lawsuit filed by a former employee who said he was regularly berated and harassed because of his race and.

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