Harborside Expects 2020 Revenues of $62M, Company Poised to Dominate California Cannabis Market

California is one of the largest cannabis markets in the world and Harborside has more than a decade of market success, making it one of the oldest and most respected retailers in California, commanding a 3% share of the entire market.

• Awarded one of the first six medical cannabis licenses in the USA
• Operations have generated over $400M in cumulative sales since inception

For the full year ended 2020, the Company is expecting:

• Gross revenues in line with previously issued guidance of approximately $61 – 63 million, and positive EBITDA
• Standalone gross revenues of between $68 – $72 million full year ended 2021
• Expects a 2021 full year of Adjusted EBITDA in the range of 15 – 17% of revenues

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