One of California’s oldest dispensary chains is now under new management. Harborside Inc. (CSE: HBOR), (OTCQX: HBORF) announced in a press release on July 19 that Peter Bilodeau has been asked to step down from his role as Interim Chief Executive Officer effective immediately, and Matt Hawkins, Chairman, will assume the position of Interim CEO while the Company completes its search for a successor.
In the same announcement, the company stated that Ahmer Iqbal, former CEO of Sublime, has been appointed Chief Operating Officer of Harborside.
“Since implementing our turnaround plan in November of last year, our team and the entire board of directors have worked to ensure that Harborside has a strong foundation to take on the immense opportunity ahead in the California cannabis market,” said Matt Hawkins, Chairman, and Interim CEO of Harborside. “While our work is not yet done, we have made great progress in a short period of time, adding an iconic consumer brand to our portfolio, expanding our cultivation capacity, and building a solid balance sheet to support our growth. On behalf of the entire team, I’d like to thank Peter for his contributions during his time with Harborside.”
Harborside Inc. is among the oldest cannabis retailers in