Harborside Inc. (HBORF) Announces Departure of Board Member

Harborside Inc. Announces Departure of Board Member

Harborside Inc. (“Harborside”, or the “Company”) (CSE: HBOR) (OTCQX: HBORF), a California-focused, vertically-integrated cannabis enterprise, today announced the resignation of Michael Dacks from its board of directors (“Board”), effective December 31, 2021. Mr. Dacks is leaving to pursue other opportunities as Harborside prepares to reconstitute its Board in 2022, following the closing of the acquisitions (the “Transactions”) of LPF JV Corporation (“Loudpack”) and UL Holdings Inc. (“Urbn Leaf”) to create StateHouse Holdings, as announced in the Company’s press release dated November 29, 2021.

“On behalf of the entire Board and management team, I want to thank Mike for his significant contributions to Harborside,” said Matthew Hawkins, Chair of the Board and Interim CEO. “Since joining the Board in November 2020, Mike has played a crucial role in strengthening Harborside’s competitive position. This has culminated in agreements to acquire Loudpack and Urbn Leaf to create StateHouse Holdings upon closing of the Transactions, which we expect will be a leading California cannabis company. We wish Mike the best in his future endeavors as we work to complete these transformational acquisitions.”

“It’s been a pleasure to participate in another milestone industry transaction,” said Mr. Dacks. “The bench strength, depth of experience and engagement on the Board since it was refreshed 12 months ago, is something truly rare in our industry. Once Harborside completes its pending business combination with Loudpack and Urbn Leaf to create StateHouse Holdings, the Company will be positioned to create a pre-eminent vertically-integrated California cannabis powerhouse.”