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HARBORSIDE BOARD SHOWS CEO THE DOOR

Monday saw the ouster of the Oakland-based company’s CEO, Andrew Berman,
who guided the mega-dispensary through last year’s unfortunately-timed reverse merger with Lineage Grow.
CNN

  • A sign of the turbulence cannabis companies are experiencing, the move comes in the wake of the deal between PharmaCann and MedMen being cancelled, and layoffs by Weedmaps, Hexo (in Canada) and Pax.
  • In its official statement, Harborside said, “Given the changing and challenging market conditions, the board believes a new and broader leadership team is necessary to accelerate the growth of the company.” Chairman Peter Bilodeau will serve as interim CEO.