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Heritage Cannabis Holdings Corp TRJTF


Primary Symbol: HERTF

Heritage Cannabis Holdings Corp. is a Canada-based cannabis company offering products to both the medical and recreational legal cannabis markets in Canada and the United States. It focuses on extraction and the creation of extract and extract-derivative products and brands for adult use and cannabis-based medical solutions. It has a portfolio of cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, Thrifty, Adults Only, feelgood., the CB4 suite of medical products in Canada and ArthroCBD in the United States. In Canada, it operates through its subsidiaries, Heritage Cannabis West Corporation (Heritage West) and Heritage Cannabis East Corporation (Heritage East). Heritage West holds a Health Canada issued cultivation, processing, and medical and adult use sales license, as well as an industrial hemp license, a cannabis oil sales license, and a cannabis research license. In the United States, it operates through, Opticann Inc., an oral and topical cannabinoid company.


PINL:HERTF - Post by User

Post by Longongreenon Sep 04, 2018 2:06pm
161 Views
Post# 28560196

Temper your near-term expectations a bit folks...

Temper your near-term expectations a bit folks...
Jag's resignation is likely a piece of a much bigger, much more complex puzzle than any of us can fathom. I imagine that a significant partner would, in the course of conducting its due diligence on Heritage, come to the conclusion that the CEO was not suited to lead the company to the promised land. In order to close the deal, they would have suggested he remove himself and that an industry veteran be brought on board to guide the ship from here. They will be building, in short order, an LP with close to 4 million square feet of capacity. There are not many current LPs with that capacity. And the players now making deals to add capacity are actually doing it with the Canadian market in mind - they are thinking globally where the demand will be insatiable.

So, the Heritage team has done a phenomenal job in identifying an opportunity (Cannacure + Kapital Produce) that becomes very attractive for groups thinking globally. They have also identified and are likely in final negotiations with a large partner with global demand, needs for massive capacity and the CASH to help Heritage bring the capacity to market. Don't be surprised if there is no news this week. These deals take some time to put together. I would be happy to see something next week or the week after. Now is not the time to flake out and regret a decision to sell. Stay strong, stay long and you will be rewarded!
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