Here’s the nub of what’s happening
Andrew Berman, CEO of Harborside Inc., said in a press release this morning, “Today is a historic day for Harborside. The company has served as a pioneer for the entire industry, and we’re excited to extend Harborside’s tradition of ‘trust, choice, and value’ to both our customers and our shareholders.”
It is expected that the Subordinate Voting Shares will be listed on the Canadian Securities Exchange (“CSE”) at the opening of the markets on or about June 6, 2019, subject to the satisfaction of certain conditions to listing, and are expected to trade under the symbol “HBOR”. In conjunction with the closing of the Reverse Takeover, the Company’s auditors will be MNP LLP.
Law Firm Aird & Berlis LLP acted as FLRish’s Canadian legal advisor, while Duane Morris LLP acted as FLRish’s U.S. legal advisor. Fogler, Rubinoff LLP acted as Lineage’s Canadian legal advisor.
Harborside going public is a monumental step in the industry symbolically and financially. The company claims it plans to increase sales growth and deliver profitability, driving its retail and wholesale business off the production from its stores and farms. Three additional stores and a grow facility are already in the works.