Adobe Stock
San Francisco (CNN Business) Harborside, a prominent Bay Area dispensary chain, wants to establish itself as the dominant player in Northern California's cannabis industry. To do that, it's gone to Canada.
Harborside on Monday joined a growing wave of American cannabis companies that have listed shares on the Canadian Securities Exchange as a means of accessing capital to operate and grow businesses still deemed illegal under US federal law.
Following a previously announced reverse merger with Lineage Grow Co. Ltd. — a deal initially valued at C$200 million (about $150 million) — the resulting company, known as Harborside Inc., is trading on the CSE under the ticker symbol HBOR.
