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Heritage Cannabis Holdings Corp sees dramatic jump in fiscal 2Q profit and revenue fired by its six brands
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Heritage Cannabis Holdings Corp Reports Issuance of Shares
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Search jobs Heritage Cannabis Set to Initiate U.S. Product Launch Through Relationship With Merida Capital Holdings
Strategic relationship with Merida Capital Holdings to assist Heritage with expanding product distribution in strategic states and with further opportunities to accelerate U.S. presence
TORONTO (BUSINESS WIRE) Heritage Cannabis Holdings Corp. (CSE:CANN) (OTCQX:HERTF) (“Heritage” or the “Company”), today announced that it has expanded its relationship with Merida Capital Holdings (“Merida”) to leverage Merida’s strategic portfolio of companies in the sector and rapidly advance the Company’s U.S. product distribution strategy.
Upon closing of the Premium 5 acquisition in January 2021, Merida, the largest non-insider investor in Premium 5 became a strategic shareholder in Heritage. The agreement will see the two companies partnering to strategically expand Heritage’s product distribution in the U.S. This relationship will see
Press release content from Business Wire. The AP news staff was not involved in its creation.
Heritage Cannabis Set to Initiate U.S. Product Launch Through Relationship With Merida Capital Holdings
April 7, 2021 GMT
TORONTO (BUSINESS WIRE) Apr 7, 2021
Heritage Cannabis Holdings Corp. (CSE:CANN) (OTCQX:HERTF) (“Heritage” or the “Company”), today announced that it has expanded its relationship with Merida Capital Holdings (“Merida”) to leverage Merida’s strategic portfolio of companies in the sector and rapidly advance the Company’s U.S. product distribution strategy.
Upon closing of the Premium 5 acquisition in January 2021, Merida, the largest non-insider investor in Premium 5 became a strategic shareholder in Heritage. The agreement will see the two companies partnering to strategically expand Heritage’s product distribution in the U.S. This relationship will see the Company introducing its brands and products into select states where medical and/or recreatio
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 posit
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