Cannabis Co. Harborside Completes Purchase Of Pre-Roll Brand Sublime For $43.8M

California-focused company Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) confirmed Monday it has finalized its previously announced purchase of an Oakland-based cannabis manufacturer Sublimation Inc. (“Sublime”) for $43.8 million.

Sublime has been in business for five years, during which it has developed popular and affordable Fuzzies branded pre-rolls. These pre-rolls are said to be a leading brand in the Golden state. The company, which ended 2020 with a 7.9% California pre-roll market share, is also known for its vapes and roll-your-own flower kits.

"We are thrilled to complete this acquisition and add Sublime's talent and its iconic, award-winning California brand with an exceptional product offering and consumer following to our growing brand portfolio," Peter Bilodeau, interim CEO of Harborside stated. "With a strong balance sheet and deep cultivation and brand-building expertise, our unified company is well-positioned to the …

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