Ed Schmults

In a significant move within California's cannabis industry, Pelorus Fund REIT, LLC has filed a complaint in the Superior Court of California, requesting the appointment of a receiver to oversee StateHouse Holdings Inc.  The move comes after StateHouse (OTC:STHZF) defaulted on four loans, prompting...

StateHouse Holdings Inc. (CSE:STHZ) (OTCQB:STHZF) announced its first and fourth-quarter financial results on Thursday for the three-month periods ended March 31, 2024, and December 31, 2023, respectively as well as full-year fiscal 2023 results. "Our efforts are not only improving our financial...

“I think the taxation structure makes it extremely difficult to make money given the impact of that,” said Seth Yakatan, co-founder at Katan Associates, during a dynamic Benzinga Cannabis Capital Conference panel discussion on the challenges and evolving landscape of the cannabis...

California cannabis company, StateHouse Holdings Inc. (CSE: STHZ) (OTCQX: STHZF), has forged a strategic sales agency agreement with Stinson Brands, Inc., a prominent player in the premium food and beverage brand development sector, particularly renowned for its fine herbal tea blends. As part...

California has unveiled a new program designed to clamp down on illicit cannabis activity, targeting perpetrators where it hurts most: their wallets. The move seeks to stop the ongoing damage to the environment, workers and legal cannabis businesses caused by underground operations....

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) has entered into a managed service agreement with Pelorus Capital Group to manage the operations at Willow Creek located in Humboldt County, (collectively, the “Humboldt facilities”) for a monthly, fixed fee for an initial 18-month term...

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) released its financial results for the three-month period ended March 31, 2023, revealing net revenue of $24.7 million, an increase of 42.8% compared with $17.3 million in Q1 2022. Q1 2023 Highlights Gross profit was $11 million compared to $6.5...

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) achieved net revenue of $108.2 million in FY 2022, an increase of 79.4% compared with $60.3 million in FY 2021. FY 2022 Financial Highlights Gross profit before adjustments for biological assets for FY 2022, increased 61.3% to $42.1 million...

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) launch a new customer loyalty program "TOPS". Customers enrolled in TOPS will receive 1 point per $1 dollar spent (taxes excluded), as well as 1.5 points per $1 dollar spent on in-house brands, including Kingpen/Kingroll, Fuzzies/Sublime...

StateHouse Holdings Inc. (CSE: STHZ) (OTCQX: STHZF), announced that the sungrown craft cannabis brands, Swami Select and Sonoma Hills Farm, will be available beginning Nov. 10 and Nov. 21, respectively, at Harborside Oakland, Harborside San Jose and Urbn Leaf San Diego. "Sungrown is an...

Cannabis wholesale platform Nabis announced an exclusive distribution partnership with California powerhouse Statehouse Holdings Inc. (OTCMKTS: STHZF) on Monday. As a part of the deal, StateHouse will leverage Nabis’ seamless logistics and warehousing capabilities in tandem with its...

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) Q2 2022 total net revenues were $34.6 million, a 125% increase over the $15.4 million realized in Q2 2021. The increase reflected the acquisitions of UL Holdings Inc. ("Urbn Leaf") and LPF JV Corporation ("Loudpack"), which were...

StateHouse Holdings Inc. (OTCQX: STHZF) (CSE:STHZ) has reached a partial payment installment agreement with the Internal Revenue Service related to the federal tax returns of its wholly-owned subsidiary Patients Mutual Assistance Collective Corporation ("PMACC") for the 2007 to 2012...

Harborside Inc. (OTCQX: HBORF) (CSE:HBOR) will complete the previously announced name change to StateHouse Holdings Inc. on July 25, 2022. "This is an important milestone for the Company, which was formed through the business combination of four pioneering California companies," stated Ed...

Harborside Inc. (OTCQX: HBORF) (CSE:HBOR), a California-focused, vertically integrated cannabis enterprise, expanded its leadership team, appointing Kavi Bhai as vice president of financial planning and analysis and Angela Pih as vice president of marketing. Bhai has over 11 years of relevant...