Wednesday, October 8, 2025

Latest

Harborside Halted, At Risk Of Permanent Cease Trade Order

Harborside Inc (CSE: HBOR) this morning was granted a cease trade order as a result of its financial statements not being in order. Further, the company revealed last night that the firm is at risk of a permanent cease trade order if they fail to file restated financing statements for certain periods by June 22, 2020.

The cease trade order is a result of Harborside previously announcing that it needs to file restated financial statements for the years ended December 31, 2017 and 2018, along with interim financial results for the periods ending March 31, 2019, June 30 2019, and September 30, 2019 in addition to any management discussion and analysis. The firm has failed to restate the documents in a timely manner and as a result has been issued a cease trade order. If corrective action does not occur within 15 days, the company will see trading in the equity permanently halted.

The need to restate financials is a result of the accounting treatment of the firms reverse takeover transaction.

Further, a management cease trade order has been granted for a period of thirty days as a result of the company not having filed its annual financial statements for the period ended December 31, 2019. The company announced this morning that it intends to file these documents no later than July 10, 2020, despite the deadline being June 15.

Harborside last traded at $0.60 on the CSE, and is currently halted from further trading.


Information for this briefing was found via Sedar and Harborside Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Cresco Capital Reports 21.11% Ownership In Harborside On Partially Diluted Basis

It appears that Harborside Inc (CSE: HBOR) Chairman Matt Hawkins is putting his money where...

Friday, February 19, 2021, 08:50:31 AM

Harborside Closes On Acquisition Of Salinas Production Campus

Harborside Inc (CSE: HBOR) has closed on the purchase of its production campus. Referred to...

Wednesday, June 2, 2021, 07:29:48 AM

Harborside Reports Preliminary Q3 Revenues Of US$18.5 Million

Harborside Inc (CSE: HBOR) yesterday announced positive preliminary results for its third quarter of fiscal...

Tuesday, October 13, 2020, 12:13:21 PM

Harborside Acquires Dispensary In Iconic San Francisco District

Harborside Inc (CSE: HBOR) this morning announced that it has acquired a majority interest in...

Monday, October 19, 2020, 08:46:46 AM

Harborside Reports Net Revenue Growth Of 20.4% To US$18.4 Million

Harborside Inc (CSE: HBOR) yesterday evening filed its third quarter financial results, reporting net revenue...

Wednesday, November 18, 2020, 08:32:13 AM