Harborside Inc. (“Harborside”), a California-focused, vertically integrated cannabis enterprise, today announced it has completed a $5 million strategic investment in LPF JV, LLC (“Loudpack”), through a 15%, secured convertible note due December 2022. Loudpack is the premier California cannabis company with broad cultivation, manufacturing, processing, and distribution footprint and a strong portfolio of brands. In connection with the Funding, Harborside has engaged Loudpack to provide services aimed at identifying production efficiencies as well as improving harvest yields at the Company’s cultivation facility located in Salinas, California. In addition, Loudpack will be providing contract manufacturing services for a suite of Harborside branded products and Harborside will be increasing the availability of shelf space for Loudpack branded products including Kingpen, Loudpack, Dimebag, and Smokiez at the Company’s retail stores.
Published Ncv Newswire, New Cannabis Ventures, 03/08/2021 07:58:00