Heritage Cannabis Achieves Major Milestone with Products Now Available through Spectrum Therapeutics

Rhea-AI Summary

Heritage Cannabis Holdings Corp. (CSE: CANN, OTCQX: HERTF) expands its product distribution through a partnership with Spectrum Therapeutics, one of Canada’s largest online medical cannabis platforms. Heritage products, including offerings from well-known brands RAD, Premium 5, and CB4, will now be available on Spectrum's platform. CEO David Schwede highlights this collaboration as a significant achievement, acknowledging Spectrum's market leadership as a validation of Heritage's quality. This development marks a continued growth trajectory for Heritage in both the medical and recreational cannabis markets.

Positive

• Partnership with Spectrum Therapeutics enhances product distribution.
• Heritage products gain visibility on a leading medical cannabis platform.
• CEO expresses confidence in the company's growth trajectory.

Negative

• None.

Further Expands Heritage’s Product Distribution in the Medical Channel with one of Canada’s Largest Online Medical Cannabis Platforms

TORONTO--(BUSINESS WIRE)-- Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), is pleased to announce that Spectrum Therapeutics (“Spectrum”), one of Canada’s largest online medical cannabis platforms, is now offering Heritage products including products from popular Heritage brands RAD, Premium 5, and CB4, which will be the first third-party cannabis extract and concentrate offerings on the platform.

“Spectrum is a leader when it comes to revenue and market share in the online medical cannabis space and having Heritage products recognized by a market front-runner is a true nod to our products and Company,” said David Schwede, CEO of Heritage. “We are honoured and excited to have our products offered on the Spectrum platform and recognize this milestone as another defining moment in our trajectory and positive momentum we have achieved over the last few quarters.”

About Heritage
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 in two licensed manufacturing facilities in Canada. The Company has an extensive portfolio of high-quality cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, feelgood., CB4 suite of medical products in Canada, and ArthroCBD in the US.

ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORP.

“David Schwede”
David Schwede
CEO

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220128005063/en/

Kelly Castledine

647-660-2560

Source: Heritage Cannabis Holdings Corp.

FAQ

What is the significance of Heritage's partnership with Spectrum Therapeutics?

The partnership allows Heritage's products to be sold on one of Canada's largest online medical cannabis platforms, enhancing visibility and distribution.

What products from Heritage will be offered on Spectrum Therapeutics?

Spectrum will offer Heritage products including those from popular brands RAD, Premium 5, and CB4.

How does this partnership impact Heritage's stock symbol HERTF?

This partnership may positively influence investor sentiment and stock performance by expanding Heritage's market reach.

Who is the CEO of Heritage Cannabis?

David Schwede is the CEO of Heritage Cannabis Holdings Corp.

What does Heritage Cannabis Holdings Corp. provide?

Heritage offers innovative cannabis products for both medical and recreational markets in Canada and the U.S.