News!Heritage Cannabis closes Cannacure acquisition 2018-11-06 01:54 ET - News Release Mr. Clint Sharples reports HERITAGE COMPLETES ACQUISITION OF CANNACURE CORPORATION Further to the news release of Oct. 19, 2018, Heritage Cannabis Holdings Corp. has completed the acquisition of all of the issued and outstanding shares of Cannacure Corp., a private Ontario corporation, pursuant to the terms of a definitive agreement dated Oct. 18, 2018, as amended by an amending agreement dated Oct. 25, 2018, and an amalgamation agreement. Pursuant to the Definitive Agreement and in consideration for the Acquisition, as of the date hereof the Company issued 133,333,326 common shares in the capital of Heritage (the "Payment Shares") to the holders of Cannacure shares at a deemed price of $0.30 per Payment Share. In connection with the Acquisition, the Company also issued 4,000,000 common shares to an arm's length third party at a deemed price of $0.30 per common share as an advisory fee. These shares are subject to a statutory hold period of four months plus a day in accordance with applicable legislation ending on March 6, 2019. About Cannacure Corporation CannaCure, based in Fort Erie, Ontario, is a license holder under the Cannabis Act Regulations. It has a 122,000 square foot, former GMP facility, and has completed a 24,260 square foot Phase one build out. CannaCure also has an option to acquire an operational greenhouse with a footprint of 3.4 million square feet. Heritage will continue the conversion of the indoor facility in a multi-phase approach to accommodate the expected growth in the Company's extraction business and to meet the demands of the consumables market when approved by Health Canada. About Heritage Cannabis Holdings Corp The Company is focused on becoming a vertically integrated cannabis provider that currently has two Health Canada approved licensed producers, through its subsidiaries PhyeinMed Inc. and CannaCure Corp. both regulated under the Cannabis Act Regulations. Heritage is focused on advancing its scale and technology footprint to compete both domestically and internationally. We seek Safe Harbor.