Heritage Cannabis Reports First Quarter 2021 Financial Results
“Heritage”
or the
“Company”), today announced its financial results as at and for the three months ended January 31, 2021 (“
Q1 2021”). All figures are in Canadian dollars unless otherwise noted.
“As we have stated previously, first quarter results do not include the positive impacts of the Premium 5 acquisition given the transaction closed at the end of the quarter, nor does it include results from our initial medical launch which will begin later this month,” stated Clint Sharples, Chief Executive Officer of Heritage. “As we move forward, we expect to see continued acceleration in both our medical and recreational product divisions with the addition of Premium 5 starting to have a material effect in Canada. Additionally, with our imminent launch in the multi-billion dollar U.S. market, and continued growth from our Pura Vida and Purefarma brands we expect to be well positioned to drive further positive results and shareholder value.”