Harborside Reports Full-Year 2020, Q4 Results: What Cannabis Stock Investors Need To Know

Vertically integrated cannabis company Harborside Inc (CSE:HBOR) (OTCQX: HBORF) reported Monday that gross revenue grew by 29.4% year-over-year to roughly $63.4 million in fiscal 2020.

Adjusted EBITDA came in positive, at $7.4 million for the same period, compared to an $8.9 million loss in 2019.

The , -based company also revealed it generated $13.1 million in revenue in the fourth quarter and an adjusted EBITDA gain of $700,000.

Matt Hawkins, chairman of Harborside, called 2020 a "turning point year" for the company.

"We're thrilled with the progress we have made and …

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