India, Oct. 22 -- California-based Harborside Inc. said it has agreed to acquire a 50.1 percent stake in FGW Haight Inc., a California-based company that has a conditional use approval required to operate a cannabis dispensary in the Haight Ashbury area of San Francisco, California.
Hraborside noted that the acquisition will further expand its footprint in the state of California and strengthen its presence in the historical and culturally-significant Haight-Ashbury district of San Francisco. The company expects the acquisition to close on or before October 31, 2020.
Under the terms of the deal, Harborside will pay an aggregate purchase price of $2.18 million, based on a post build-out and proforma working capital enterprise value of $4.3...