HERO TECHNOLOGIES INC - HENC STOCK NEWS

Hero Technologies (OTC PINK:HENC) has announced the retention of a patent attorney, Alan M. Weisberg, to protect the intellectual property of its subsidiary, BlackBox Systems, which specializes in aeroponic cannabis cultivation. This proprietary growing system is designed to maximize efficiency in cannabis production. CEO Gina Serkasevich emphasized the importance of securing IP rights to enhance shareholder returns through licensing opportunities or competitive advantages. Hero Technologies aims to establish a vertically integrated business model in the cannabis industry.

Hero Technologies (OTC PINK:HENC) is discussing a strategic partnership with Ceres Greenhouse Solutions to market its proprietary aeroponic cannabis growing system. This system, developed by its subsidiary BlackBox Systems and Technologies, promotes optimal cannabis growth and high yields. Ceres, a leader in energy-efficient greenhouses, could assist in reaching a wider client network. However, CEO Gina Serkasevich highlighted the need to evaluate the benefits of licensing the technology versus retaining competitive advantages, underlining the balance between potential revenue and market competitiveness.

Hero Technologies (OTC PINK:HENC) announced an independent valuation confirming the acquisition value of Veteran Hemp Co. at $169,711. The acquisition, completed in November 2020, enhances Hero's balance sheet with $140,805 in total tangible assets and $98,195 in intangible assets. CEO Gina Serkasevich expressed satisfaction with the valuation, stating it supports the company's integrated 'seed to sale' strategy. This acquisition is expected to improve market reach for both retail and wholesale operations.

Hero Technologies (OTC PINK:HENC) announced that its management and insiders are holding their shares to protect equity for legacy shareholders. They have zero plans for selling shares or issuing more to insiders. Recently, the company eliminated its debt by converting it into common shares, enhancing liquidity for future acquisitions and organic growth. The company raised $560,000 without toxic financing. Additionally, Hero Technologies is considering a 10b5-1 plan for transparency in insider trading. Legacy shareholders retain over 32% equity post-reverse merger, highlighting a strong commitment to shareholder value.

Hero Technologies (OTC PINK:HENC) announced zoning approval for cannabis cultivation on a 120-acre property in Michigan, which it plans to purchase for $1.5 million. The local land use authority has authorized the property for future cannabis cultivation, allowing BlackBox Systems and Technologies to proceed with greenhouse construction and required permits. CEO Gina Serkasevich emphasized the company's vertically integrated strategy, aiming for year-round cannabis growth and revenue generation for shareholders.

Hero Technologies (OTC: HENC) announced its subsidiary, BlackBox Systems and Technologies, received zoning approval for cannabis cultivation on a 120-acre property in Michigan, which it plans to purchase for $1.5 million. The approval from the local land use authority allows the company to proceed with greenhouse construction, necessary permits, and ultimately cultivate cannabis year-round. CEO Gina Serkasevich emphasized that this is a crucial step towards generating revenue for shareholders.

Hero Technologies (HENC) announced significant plans for cannabis production on a 120-acre property in Jackson, Michigan. Their subsidiary, BlackBox Systems and Technologies LLC, has outlined a multi-phase cultivation strategy that could generate between $15 million and $38 million in annual revenue in the initial pilot phase, potentially exceeding $100 million by phase III. With projections estimating retail sales reaching up to $3 billion annually, the company aims to establish itself as a key player in the Midwest's cannabis market.

Hero Technologies (OTC PINK:HENC) has launched a redesigned website that showcases its expanding cannabis portfolio and strategic assets. The site features an investor relations section and will provide updates via social media in compliance with SEC regulations. CEO Gina Serkasevich emphasized the platform's role in enhancing communications with stakeholders. Hero Technologies operates with a vertically integrated model, focusing on cannabis cultivation, genetic engineering, and multi-state operations. The company aims to enhance brand offerings through asset development and acquisitions.