OAKLAND, CA and TORONTO, Jan. 4, 2021 /CNW/ - PRESS RELEASE - Harborside Inc., a California-focused, vertically-integrated cannabis enterprise, has announced that the company and Steve DeAngelo are separating, and the company is eliminating the role of Chairman Emeritus, effective Dec. 31, 2020.

A longtime activist and strong advocate for the cannabis reform movement, DeAngelo co-founded Harborside in 2006 as a non-profit medical cannabis dispensary. Harborside was granted one of the first six medical cannabis licenses in the United States and was one of the first in the nation to support comprehensive cannabis education for seniors, veterans and families with severely ill children.

Matt Hawkins, chairman of Harborside, said, "On behalf of the Board, I'd like to thank Steve for his service to Harborside and for his history of activism in furtherance of building the robust, legal cannabis industry that exists today."

DeAngelo added, "Harborside was founded on the principle of providing safe and affordable access to cannabis for those who require it. I'm proud of the immense work that has been completed to get us to where we are today and wish the very best for the company as it continues to grow. Moving forward, I will continue to focus on environmental, social and corporate governance (ESG) issues and opportunities in the legal cannabis industry."