Harborside announces business combination with
Urbn Leaf Cannabis and Loudpack to become
StateHouse Holdings Inc.

On November 29, Harborside announced a business combination with Urbn Leaf Cannabis and Loudpack. The new company, to be renamed StateHouse Holdings Inc., will have the highest revenue and brand market share among its publicly-listed California peers and represents the ideal platform to consolidate the fragmented California cannabis industry. 

StateHouse Fast Facts:

  • CEO will be Ed Schmults, current CEO of Urbn Leaf and former CEO of Patagonia and  FAO Schwarz
  • 15 retail locations, a representing the number two retail platform in California under one unified banner with further planned expansion
  • 9 popular brands, including top-five ranked brands in the pre-roll, edible and value flower segments
  • 230,000 square feet of greenhouse cultivation space with additional expansion capacity of over 100,000 square feet of canopy … sufficient to supply 100% of our internal brand requirements
  • An omni-channel, state-wide distribution network that reaches 780 active accounts, representing 75% of state dispensaries
  • Vertically integrated to maximize profitability across the value chain

For any questions, please contact:

Phil Koven
Bay Street Communications