Harborside Inc. (OTCQX:HBORF) (CSE:HBOR) reached an agreement on May 18 to acquire a further 50% ownership interest in its Seaside, California store. The acquisition will result in the company owning all of the issued and outstanding securities of 680 Broadway Master, LLC, which owns the Seaside Store. This brings the company's interest in the Seaside Store to 100%.
The Seaside Store, which is branded under the Urbn Leaf banner, has an unexpected origin, having transformed from a thrift store back in June 2019 into its current contemporary retail cannabis location. The Seaside Store is conveniently located in the heart of Seaside, just off Broadway Avenue. Such attractions as the Monterey Aquarium, Fisherman's Wharf, Ribera Beach and Lovers Point Park are located nearby.
