“We are thrilled to have received approval to commence adult-use sales in San Leandro,” said Peter Bilodeau, Interim CEO of Harborside. “This has been a long process and we are excited to expand our potential customer base to provide them with the best-in-class service and unbeatable product selection that Harborside is known for. With our upcoming move to a more efficient location in San Leandro, I look forward to deepening our relationship with the local community and continuing to serve our patients and customers.
Upon completion, Harborside’s new San Leandro location is expected to enable the Company to better serve its customers while also reducing its rent and thus increasing profitability. As a result of the planned move, Harborside expects to be able to generate substantially more revenue and be more profitable by reducing its operating costs more than $2 million over the 10-year lease term.
Harborside Inc. is one of the oldest and most respected cannabis retailers in California, operating three of the major dispensaries in the San Francisco Bay Area, a dispensary