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CannabisNewsBreaks – Hero Technologies Inc (HENC) Focused on Vertical Integration, State Expansion
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Hero Technologies to Buy 40 Acres of Land in Colorado - One of America s Top Cannabis Markets
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The news comes one week after Hero announced the launching of a subsidiary
MassCannabis LLC which will handle its acquisition initiatives in Massachusetts.
Hero will utilize the newly-acquired land for cannabis cultivation, both in greenhouses and outdoors.
It should close the deal with Summit Resources LLC on or earlier than March 30.
The land will likely be owned by its new subsidiary,
Mile High Green, which is focused on Colorado activities. The company also plans to cooperate with Vincente Sederberg on a cannabis cultivation license.
Colorado represents a large cannabis market, recording 2020 sales of $2.2 billion, up by 25% from the previous year.