OAKLAND, Calif. and TORONTO, May 26, 2022 /CNW/ --PRESS RELEASE--Harborside Inc.(CSE: HBOR) (OTCQX: HBORF),
a California-focused, vertically integrated cannabis enterprise, today filed
its interim financial statements and management's discussion and analysis for
the three months ended March 31, 2022 under the company's profile on SEDAR at www.sedar.com.
The Q1 2022 Financial Results encompass a period reflecting only one month
of contribution from UL Holdings Inc. ("Urbn Leaf"), which the company acquired on March 1, 2022, and no contribution from LPF JV Corporation
("Loudpack"), which the company acquired subsequent to quarter-end on
April 4, 2022. The Loudpack and Urbn Leaf acquisitions have transformed the company
into one of the largest vertically integrated cannabis enterprises in
California.
Board of Directors Appointment
Harborside also announced that Felicia Snyder has joined the board of
directors of the company, effective immediately. An entrepreneur,
corporate strategist, seasoned cannabis executive and brand builder, Ms. Snyder
is currently Founder and co-CEO of Arcana, an experiential hospitality brand.
She was a founding executive at Tokyo Smoke, one of Canada's most recognized
cannabis brands and a leading Canadian cannabis retailer, where she helped to
scale the business through its merger with Doja Cannabis and eventual sale to
Canopy Growth Corporation. Post-acquisition, she was Vice President at Canopy
Growth, managing a portfolio of premium cannabis brands across all product
categories. Prior to Tokyo Smoke, she worked for several years in South Korea
with Samsung Electronics, where she oversaw a variety of projects related to
business strategy, acquisitions, investments, partnerships, and development of
new products and services. She is also a Google alum and started her career in
Financial Services Management Consulting at Oliver Wyman, a global consulting
firm. She holds an MBA from the Wharton School of the University of Pennsylvania.
"On behalf of the Board and management team of Harborside, I am
delighted to welcome Felicia to the Harborside team," said Ed Schmults,
Chief Executive Officer. "Her diverse skillset and significant cannabis
industry experience are valuable additions to Harborside as we work to
integrate our recent acquisitions and build the flagship California cannabis
company."
The appointment of Ms. Snyder to the Board fills a vacancy created by
the previously announced resignation of Michael Dacks.
