Harborside Trades Down After Posting $1.2M Q3 Net Loss, Announcing Restructuring

Harborside Inc (OTC: HSDEF) (CNSX: HBOR) announced its third-quarter financial results Friday, posting revenue of $14.1 million — up 22.4% year-over-year. 

Adjusted EBITDA totaled $2.9 million, and the net loss for the third quarter was reported at $1.2 million. Harborside said its total assets are $53 million, including $16.6 million in liquidity.

2019’s third quarter represents the 15th quarter in a row in which Harborside’s revenue came in at more than $10 million, the dispensary operator said. 

“While we are pleased with our third quarter results, there is still much work to be done,” interim CEO Peter Bilodeau said …

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