HERO TECHNOLOGIES INC - HENC STOCK NEWS

Hero Technologies (OTCQB:HENC) is advancing its presence in the burgeoning Michigan cannabis market. The company is in talks to acquire a 20-acre property that already generates revenue from marijuana production. This comes after local license approval for a 10-acre site in Vassar Township. Hero's subsidiary, BlackBox Systems and Technologies, has secured pre-qualification for cannabis production. With Michigan's legal marijuana market growing 27% to $2.3 billion in 2022, Hero aims to leverage its integrated seed-to-sale model to rapidly boost revenue.

Hero Technologies (HENC) is optimistic about growth in the US cannabis market, expecting sales to hit $27 billion by the end of 2022, with a 15% annual growth rate projected. In Michigan, where Hero is expanding its operations, cannabis sales are anticipated to reach $2.3 billion in 2022, driven by adult recreational use. Legislative changes at federal and state levels, including support for banking access through the SAFE Banking Act, promise a more favorable environment for cannabis companies. CEO Gina Serkasevich emphasizes the company's commitment to a seed-to-sale strategy.

Hero Technologies (OTCQB:HENC) has received license and permit approval from the Vassar Township Planning Commission to build a cannabis growing facility, with a streamlined approval process requiring only resubmission of documents. The company is set to close on a 10-acre parcel in Vassar soon, enhancing its vertical integration in the cannabis market. Michigan’s legal cannabis sales are projected to grow from $1.8 billion in 2021 to $2.8 billion in 2022, providing a favorable market environment for Hero Technologies as it develops its operations in the state.

Hero Technologies (OTCQB:HENC) announced that the Vassar Township Planning Commission will meet on November 10, 2022, to vote on its cannabis license application. Approval without conditions will allow the company to proceed with its operations shortly after paying permit fees. The company plans to acquire a 10-acre property in Vassar, expected to close within 30 days post-approval. Hero's subsidiary, BlackBox Systems and Technologies LLC, has statewide approval for both recreational and medicinal cannabis licenses.

Hero Technologies (OTCQB:HENC) discussed the resilience of the cannabis market amid inflation and recession, citing historical growth during downturns. CEO Gina Serkasevich highlighted that the cannabis industry, especially medicinal marijuana, shows inelastic demand similar to prescription medications. In 2021, Michigan's cannabis sales surged 82% to $1.8 billion. The legal cannabis market is projected to exceed $146 billion by 2025, with North America holding over 80% revenue share. Hero Technologies plans to expand its vertically integrated cannabis operations.

Hero Technologies (OTCQB:HENC) has filed for a license to build and operate a cannabis growing facility in Vassar Township, Michigan. This follows the company's recent purchase agreement for a 10-acre parcel in Vassar, aiming to close the deal by the end of November. With pre-qualification for Adult and Medicinal Use cannabis licenses already secured, the company anticipates a smooth local licensing process. The Michigan marijuana market is thriving, expected to reach $2.8 billion in sales for 2022, which supports Hero's growth strategy in the cannabis sector.

Hero Technologies (OTCQB:HENC) has secured a 10-acre property in Vassar Township, Michigan, to serve as its cannabis operations base. The company anticipates significant growth driven by Michigan's cannabis market, projected to reach $2.8 billion this year. The Vassar property is zoned for cannabis production and is strategically located with access to over 1.6 million residents within 50 miles. Furthermore, BlackBox Systems and Technologies, a Hero subsidiary, has pre-qualification for both adult-use and medicinal cannabis licenses.

Hero Technologies (OTCQB:HENC) has announced plans to amend its S-1 registration statement by removing an 80 million share offering priced at $0.05 per share. This amendment aims to facilitate fairer trading and reduce short selling. The company has already secured funding through the S-1 and will use proceeds for property acquisition in Vassar Township, Michigan. BlackBox Systems, its Michigan subsidiary, is set to conduct cannabis cultivation and distribution activities. CEO Gina Serkasevich emphasizes this decision aligns with the interests of the company and its shareholders.

Hero Technologies (OTCQB:HENC) announced a cost-effective stock sale to fund the purchase of a 10-acre property in Vassar, Michigan, crucial for its cannabis operations. The company raised $100,000 by selling 2 million shares at $0.05 each. To finalize the acquisition, it must pay $65,000 of the $75,000 down payment and is awaiting cannabis licenses from Vassar Township. Hero's subsidiary, BlackBox Systems, has pre-qualification for adult and medicinal cannabis licenses, aiming to establish a strong market presence in Michigan.