Harborside Announces First Quarter Financial Results of Lineage Grow Company Ltd.
OAKLAND, Calif. and TORONTO, July 02, 2019 (GLOBE NEWSWIRE) -- (CSE:HBOR) Harborside Inc. (“Harborside” or the “Company”), operator of the storied Harborside dispensaries in the San Francisco Bay Area, today announced the unaudited financial results of Lineage Grow Company Ltd. (now Harborside Inc.) for the three month period ended April 30, 2019. A copy of the unaudited consolidated financial statements prepared in accordance with International Financial Reporting Standards and the corresponding management’s discussion and analysis for the quarter ended April 30, 2019 can be found under the Company’s profile at www.sedar.com. Unless otherwise indicated, all amounts in this release are expressed in Canadian dollars.
Harborside Inc. is an iconic, vertically-integrated, California-centric cannabis company steeped heavily in the history of the California cannabis market and focused on providing its customers with trust, choice and value in its product offering. Harborside’s mission is to consolidate its market share throughout California through both the focused acquisition of high-performing cannabis dispensaries and brands and the organic growth of its existing cannabis-related assets.
Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company's filing statement dated May 30, 2019. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Harborside Inc. Corporate:
Andrew Berman, CEO
Keith Li, CFO
North 6th Agency