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Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) announced an expansion of its agreement with Geocann LLC to include select cannabinoid products in Canada, enhancing its US supply chain. The agreement capitalizes on VESIsorb® technology to optimize absorption and therapeutic benefits. The products are already marketed to major US retailers like CVS and Walgreens. This expansion aims to meet the demands of consumers and healthcare professionals for science-backed medical CBD products, supported by significant clinical data proving the effectiveness of VESIsorb®.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has made history by becoming the first Canadian cannabis company to receive an export license from Health Canada for shipping cannabis products to Brazil. This milestone follows Heritage's December 2020 arrangement with CannaBR Exports Corp., focusing on the distribution of formulated CBD products in Brazil. Shipments are expected to begin shortly, with further negotiations for long-term contracts and adherence to Brazil's ANVISA regulations underway. The Brazilian cannabis market is projected for significant growth, presenting new opportunities for Heritage.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) reported a significant milestone in March 2021, surpassing $1 million in weekly revenue for the first time since launching its brands in 2020. This growth is attributed to the popularity of its brands, including Purefarma, Pura Vida, Premium 5, and RAD. Despite ongoing product availability challenges in major markets like Ontario and Alberta, demand continues to rise as provincial orders increase. CEO Clint Sharples emphasized the importance of this achievement while looking to expand both domestically and internationally.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) announces the availability of its RAD and feelgood. brands in Manitoba, enhancing product choice for consumers. The feelgood. Extra Strength CBD Oil has begun shipping to provincial retailers, along with various high-potency CBD and THC products. The success of prior brands like Pura Vida and Premium 5 indicates strong market support. David Schwede, President of the Recreational Division, highlights the affordability and quality of their products, with over 80 SKUs available, aiming to satisfy consumer demand in the region.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has launched a new health and wellness brand named feelgood. The initial product line features three topicals: CBD Facial Rejuvenation Cream, Extra Strength CBD Muscle Cream, and Extra Strength THC Muscle Cream, now available in B.C. This move aligns with Heritage’s strategy to enhance its market share in extract derivatives, increasing its SKUs to over 80. David Schwede, President of the Recreational Division, emphasized the quality and affordability of these new products.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has secured its first order from the Nova Scotia Liquor Corporation to sell RAD branded products. This marks an expansion for Heritage, which already has its Premium 5 brand available in the province. Starting in March, consumers will be able to purchase RAD Vapes, RAD Shatter, and RAD Crumble, in addition to Premium 5 Diamonds. Heritage’s President of the Recreational Division expressed optimism regarding product popularity in Nova Scotia, indicating plans for more innovative offerings in the near future.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) reported its FY 2020 financial results, revealing gross revenue of $9,257,070, up $5,693,447 from FY 2019, due to a full year of production. The company experienced a comprehensive loss of $8,596,759, an improvement over the previous year's loss of $13,155,560. Key growth initiatives include acquisitions of Opticann and Premium 5, aimed at enhancing product offerings and market presence. Despite challenges from COVID-19, management anticipates moving towards profitability in 2021.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has announced the availability of its Purefarma and Pura Vida products on the EndoDNA site myDNA.live. The EndoDNA test, launched in Canada in late 2019 via its subsidiary Endocanna Health, analyzes over 500 genes and provides personalized cannabinoid recommendations. CEO Clint Sharples highlighted this partnership as a means to enhance consumer access to their products. Endocanna Health's CEO noted that the test helps consumers select cannabis products suited to their specific needs.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has successfully completed the acquisition of Premium 5 Ltd., a leader in cannabis concentrates in Canada. This acquisition aims to enhance Heritage’s product portfolio and distribution capabilities across the country, with Premium 5's products already available in eight provinces. The transaction, involving 150 million common shares, is expected to drive annualized revenues of approximately $20 million and improve EBITDA margins. Additionally, a partnership with Merida Capital Holdings will facilitate Heritage's expansion into the U.S. market.
Heritage Cannabis Holdings Corp. (CSE: CANN, OTCQX: HERTF) has launched its new cannabis concentrate brand, RAD, under the Premium 5 umbrella, aiming to provide affordable, high-quality products. The launch addresses consumer demand for lower-priced options amid a competitive cannabis market. RAD will initially offer 21 SKUs, expected to expand across Canada. The company also terminated its agreement with Cannahive Inc. to explore other edibles opportunities. Heritage operates two licensed producers and is focused on product extraction and development.
