Associated tags: Cannabis, Heritage, Retail, RAD, Drug, CB4, Canadian Securities Exchange, Pura, Health, Pura Vida, Alternative Medicine, CSE, Stock
Toronto, ON, April 15, 2024 (GLOBE NEWSWIRE) -- Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) ("Heritage" or the "Company") today announced the commencement of a sale and investment solicitation process (the "SISP") in respect of the business and assets of the Company, 1005477 B.C.
Key Points:
- Toronto, ON, April 15, 2024 (GLOBE NEWSWIRE) -- Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) ("Heritage" or the "Company") today announced the commencement of a sale and investment solicitation process (the "SISP") in respect of the business and assets of the Company, 1005477 B.C.
- Ltd., Heritage Cannabis West Corporation ("Heritage West"), Mainstrain Market Ltd., Heritage Cannabis East Corporation, Purefarma Solutions Inc., 333 Jarvis Realty Inc., 5450 Realty Inc., Heritage Cannabis Exchange Corp. and Premium 5 Ltd. (collectively, the "Heritage Group").
- The SISP will be conducted in the Heritage Group’s ongoing proceedings under the Companies’ Creditors Arrangement Act (the "CCAA").
- The SISP is intended to solicit interest in and opportunities for a sale of, or investment in, all or part of the Heritage Group’s Property and Business.
The difficult but necessary decision to commence CCAA proceedings was made after careful consideration of the Company’s financial position, while evaluating all available alternatives and engaging in significant consultation with legal and financial advisors.
Key Points:
- The difficult but necessary decision to commence CCAA proceedings was made after careful consideration of the Company’s financial position, while evaluating all available alternatives and engaging in significant consultation with legal and financial advisors.
- The Initial Order also extends the stay of proceedings to certain U.S. affiliates of the Company who are not applicants in the CCAA proceedings.
- Heritage intends to seek approval of a sale and investment solicitation process (the “SISP”), which, if approved, would allow interested parties to participate in the process in accordance with the SISP procedures.
- Additional details in respect of the SISP will be disclosed in due course.
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Heritage Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), is thrilled to announce that it is entering the recreational cannabis market in New York, with RAD branded vape and concentrate products becoming available to New York consumers this summer.
Key Points:
- Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), is thrilled to announce that it is entering the recreational cannabis market in New York, with RAD branded vape and concentrate products becoming available to New York consumers this summer.
- New York State legalized recreational cannabis in 2021, and recently celebrated the first legal “4/20” in the state.
- “This is an ideal time to be introducing Heritage’s recreational cannabis products to the state of New York as the official start of legalized cannabis sales begin.
- With strong market growth projected in New York, Heritage can capture a piece of this market with our well developed, well recognized RAD branded products,” said David Schwede, CEO of Heritage.
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Heritage Cost of sales for the three months ended April 30, 2022 was $4,306,378, an increase of $2,222,465, compared to $2,083,913 for the three months ended April 30, 2021.
Key Points:
- Cost of sales for the three months ended April 30, 2022 was $4,306,378, an increase of $2,222,465, compared to $2,083,913 for the three months ended April 30, 2021.
- Cost of sales increased as a function of the increased sales results previously discussed.
- Spending and capital expenditures by Heritage are measured by their expected return on investment and ability to generate near-term revenues.
- About Heritage Cannabis Holdings Corp.
Heritage Cannabis is a leading cannabis company offering innovative products to both the medical and recreational legal cannabis markets in Canada and the U.S., operating under two licensed manufacturing facilities in Canada.
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CB4 Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (Heritage or the Company), today announced the upcoming launch of nine new products that will be available in the Ontario cannabis market through the Ontario Cannabis Store (OCS) and retailers in the province.
Key Points:
- Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (Heritage or the Company), today announced the upcoming launch of nine new products that will be available in the Ontario cannabis market through the Ontario Cannabis Store (OCS) and retailers in the province.
- New products include two infused pre-rolls, three concentrates, one pre-roll, two vape cartridges, and one flower product.
- Under a recent call for new products, Heritage submitted unique and innovative products for consideration by the OCS, nine of which will be available in Spring of this year a notable achievement for the Heritage product innovation team.
- About Heritage Cannabis Holdings Corp.
Heritage Cannabis is a leading cannabis company offering innovative products to both the medical and recreational legal cannabis markets in Canada and the U.S., operating under two licensed manufacturing facilities in Canada.
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Friday, September 17, 2021
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Drug Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (Heritage or the Company), today announced it has granted a total of 13,875,000 incentive stock options under the Companys Stock Option Plan to directors, officers, and employees and/or consultants.
Key Points:
- Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (Heritage or the Company), today announced it has granted a total of 13,875,000 incentive stock options under the Companys Stock Option Plan to directors, officers, and employees and/or consultants.
- The Options are subject to vesting provisions such that 1/3 of the Options vest on the date of grant, 1/3 of the Options vest twelve months (12) months from the date of grant, 1/3 of the Options vest twenty-four (24) months from the date of grant.
- About Heritage Cannabis Holdings Corp.
Heritage is a leading cannabis company offering innovative products to both the medical and recreational legal cannabis markets in Canada and the U.S., operating under two licensed manufacturing facilities in Canada.
- ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORP.
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Monday, September 13, 2021
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Drug Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (Heritage or the Company), today announced it has launched its private label program (PLP) that pairs leading brands with Heritages well respected and innovative extraction expertise.
Key Points:
- Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (Heritage or the Company), today announced it has launched its private label program (PLP) that pairs leading brands with Heritages well respected and innovative extraction expertise.
- Heritages first agreement is with High Tide Inc. (High Tide) (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA) to manufacture High Tides Cabana Cannabis Co. branded shatter for distribution in Ontario, Manitoba, Saskatchewan, and Alberta.
- Heritage is a top three concentrates producer in Canada and has launched products across the country.
- Heritage has quickly developed a reputation for its quality and innovative product approach and has become a leader in the concentrates market.
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Cannabis in Canada branded products.\nWeed Pool is a co-operative of independently-owned Saskatchewan cannabis retailers representing more than 50% of licensed cannabis sales in the province.
Key Points:
- branded products.\nWeed Pool is a co-operative of independently-owned Saskatchewan cannabis retailers representing more than 50% of licensed cannabis sales in the province.
- \xe2\x80\x9cOur product quality and value pricing are what sets us apart from other products being offered in Saskatchewan and across Canada.
- brands on Instagram and Facebook for more information.\nAbout Heritage Cannabis Holdings Corp.\nHeritage is a leading cannabis products company operating two licensed manufacturing facilities in Canada and offering innovative products to both the medical and recreational legal cannabis markets in Canada and US.
- The company has an extensive portfolio of high quality cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, feelgood.
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Wednesday, April 14, 2021
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Rosales b'Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (\xe2\x80\x9cHeritage\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), is pleased to announce that its subsidiary CannaCure Corp. (\xe2\x80\x9cCannaCure\xe2\x80\x9d) has been granted an amended sales license by Health Canada, effective April 12, 2021.
Key Points:
- b'Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (\xe2\x80\x9cHeritage\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), is pleased to announce that its subsidiary CannaCure Corp. (\xe2\x80\x9cCannaCure\xe2\x80\x9d) has been granted an amended sales license by Health Canada, effective April 12, 2021.
- This amended sales license allows Heritage to sell dried cannabis products, including flower and pre-rolls, directly to the provincial and territorial cannabis boards.\nHeritage already offers extract and extract derivative products across Canada through their Pura Vida, Purefarma, RAD, Premium 5, and feelgood.
- brands, and with this amended license, will have the opportunity to address the largest category in terms of revenue in the Canadian cannabis market, topping 67% of total product sales in 2020.
- In Canada, Heritage operates through its subsidiaries Voyage Cannabis Corp. and CannaCure Corp., both regulated under the Cannabis Act Regulations.
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Wednesday, February 17, 2021
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Outline of cannabis Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (Heritage or the Company), is pleased to provide a corporate update regarding the increasing uptake of recreational brands in Canada and the launch of medical products in the U.S., Canada, and abroad.
Key Points:
- Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (Heritage or the Company), is pleased to provide a corporate update regarding the increasing uptake of recreational brands in Canada and the launch of medical products in the U.S., Canada, and abroad.
- Additionally, Heritage is actively working on securing a supply contract with a major Canadian cannabis provider for the supply of extracts.
- About Heritage Cannabis Holdings Corp.
Heritage is a cannabinoid company focused on the production and sale of medical and recreational hemp-based and cannabis-based products and services.
- In Canada, Heritage operates through its subsidiaries Voyage Cannabis Corp. and CannaCure Corp., both regulated under the Cannabis Act Regulations.
