MJBizMag July 2021 - 21

Stability Cannabis didn't disclose its plans for the
$44 million, nor did it identify the Missouri MMJ
company in which it acquired a stake.
Harborside Acquires Sublime for $43.8 Million
Oakland, California-based Harborside agreed to acquire
the manufacturer and pre-roll brand Sublime for
$43.8 million in cash and stock.
Harborside agreed to pay $5.4 million in cash for
California-based Sublime, and the other $38.4 million will
be in shares of Harborside, which trades on the Canadian
Securities Exchange and on over-the-counter markets.
The purchase price was based in part on the projected
2021 revenues of Sublime, which is expecting
$24.6 million in revenues for the current year.
The company announced plans to begin selling
Sublime-licensed products in states beyond California
with legal recreational cannabis markets.
Chicago MJ Store Workers Vote to Join Teamsters
Budtenders at Modern Cannabis in the River North
neighborhood of Chicago voted " overwhelmingly " to join
Teamsters Local 777, according to the union.
The Teamsters are likely still behind the United Food
and Commercial Workers (UFCW) union in organizing
cannabis industry workers. The UFCW has held elections
at multiple marijuana businesses in California, Illinois,
Massachusetts, New Jersey, Pennsylvania, Rhode Island
and in other states.
HempFusion Announces Acquisition Agreements
Probiotic and CBD manufacturer HempFusion Wellness
entered two $25 million deals. The Denver-based
company announced:
* A $25 million agreement to purchase Santa
Monica, California-based Sagely Naturals, which
creates products sold by retailers such as CVS,
Rite Aid, Albertsons, Sprouts and Nordstrom.
* An agreement to buy the holdings company that
owns the Apothecanna CBD line for up to $25
million in a stock-and-cash deal. The deal with
Denver-based APCNA Holdings gives HempFusion
a CBD brand sold in 1,800 CVS Pharmacies
locations.
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MJBizMag July 2021

Table of Contents for the Digital Edition of MJBizMag July 2021

MJBizMag July 2021 - 1
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