Hero Technologies Inc.: Hero Technologies Retains Patent Attorney for Cannabis Cultivation Technology
Law firm with 30+ years of intellectual property experience to help company s subsidiary, BlackBox Systems, protect its proprietary aeroponic cannabis growing system
DOVER, DE / ACCESSWIRE / April 15, 2021 / Hero Technologies (OTC PINK:HENC; Twitter: @heroicmindtech), a cannabis company focused on a vertically integrated strategy, today reported that it has retained a patent attorney to help protect and monetize the intellectual property of its subsidiary, BlackBox Systems and Technologies LLC.
BlackBox has developed a proprietary cannabis growing system based on aeroponic cultivation technology. The system creates ideal cannabis growing conditions with a highly efficient use of materials, which enhances photosynthesis, produces large plant flowers, and optimizes harvests.
Hero Technologies Retains Patent Attorney for Cannabis Cultivation Technology
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Hero Technologies Explores Marketing Its Proprietary Cannabis Cultivation System through Greenhouse Builder
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Hero Technologies Receives Independent Valuation and Purchase Price Allocation for Veteran Hemp Co Acquisition
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Fair value of November 2020 acquisition confirmed at $169,711
DOVER, DE / ACCESSWIRE / April 12, 2021 / Hero Technologies (OTC PINK:HENC) (Twitter: @heroicmindtech), a cannabis company focused on a vertically integrated strategy, today announced that it has received an independent third-party valuation and purchase price allocation for its acquisition of the assets of V Broker LLC dba Veteran Hemp Co.
Founded by U.S. military veterans, Veteran Hemp Co. is a Colorado-based online retailer and wholesaler of hemp and cannabinoid products. Hero Technologies acquired Veteran Hemp Co. in November 2020. The acquired assets are valued at $169,711.
The acquisition improved Hero Technologies balance sheet with $140,805 in total tangible assets, $71,526 in net tangible assets, and $98,195 in intangible assets, including trade names, customer base, and Goodwill.