Harborside Inc. Completes Acquisition of Urbn Leaf
On March 1, 2022, Harborside Inc. (“Harborside”) (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically-integrated cannabis enterprise, completed the acquisition of UL Holdings Inc. ("Urbn Leaf"), a leading California cannabis retailer with a dominant position in southern California.
Pursuant to the terms of the definitive agreement announced on November 29, 2021, Harborside acquired 100% of the equity interests of Urbn Leaf through the issuance of 60,000,000 subordinate voting shares and the restructuring and assumption of debt.
Aird & Berlis acted as Canadian counsel to Harborside with a team including Sherri Altshuler, Adria Leung Lim, Amy Marcen-Gaudaur and Meredith McCann.