Harborside Inc. (OTCQX: HBORF) 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 with a 7.9% California pre-roll market share in 2020.

Sublime was acquired for a total of $43.8 million. The total purchase price consists of around $384 million shares and $2 million in cash and $3.4 million to repay Sublime's debt.

Lowell Farms Inc. (OTCQX:LOWLF) announced a first-of-its-kind cannabis facility capable of processing 250,000 lbs. of wholesale cannabis flower per year, including drying, bucking, trimming, sorting, grading and packaging.

Large-scale processing and automation are the missing pieces that will make California cannabis dominant in this exciting new frontier.

Show Links:
Cannabis Co. Harborside Completes Purchase Of Pre-Roll Brand Sublime For $43.8M
https://www.benzinga.com/markets/cannabis/21/07/21850585/cannabis-co-harborside-completes-purchase-of-pre-roll-brand-sublime-for-43-8m
Lowell Farms' New Cannabis Processing Facility Has Plans To Process 250 Tons Of Flower Annually
https://www.benzinga.com/markets/cannabis/21/06/21792026/lowell-farms-new-cannabis-processing-facility-has-plans-to-process-250-tons-of-flower-annually

Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/

Episode 759 of The Talking Hedge:
Your Cannabis Business Podcast.
​Covering cannabis business news, interviews, investments, events, products, reviews, and some random stuff. But as Jay-Z said "it's only entertainment."
https://www.theTalkingHedgepodcast.com

Music Info:
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
&
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
Artist: LuxrayBeats

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Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.