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Benzinga

Business

Vuk Zdinjak

INSANE: Harborside q1 revenue shows solid growth of 38 8 what about adjusted ebitda - The Real Truth

Harborside Inc. (OTCQX:HBORF) (CSE:HBOR) released its financial results for the three months ended March 31, 2022, revealing YoY net revenue increased 38.8% to $17.2 million.

The Q1 2022 financial results encompass a period reflecting only one month of contribution from UL Holdings Inc. ("Urbn Leaf"), which the company acquired on March 1, 2022, and no contribution from LPF JV Corporation ("Loudpack"), which the company acquired subsequent to quarter-end on April 4, 2022. The Loudpack and Urbn Leaf acquisitions have transformed the company into one of the largest vertically integrated cannabis enterprises in California.

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