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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 kijijion Feb 01, 2019 5:54pm
130 Views
Post# 29308361

Heritage Cannabis readies 33-million unit distribution

Heritage Cannabis readies 33-million unit distribution
Heritage Cannabis Holdings Corp. has filed a final short form prospectus dated Jan. 30, 2019, and obtained a receipt from the securities regulatory authorities in the provinces of British Columbia, Alberta, Ontario and Nova Scotia to qualify the distribution of 33 million units of the company issuable upon the deemed exercise of special warrants issued by the company on Nov. 7, 2018. As a result of obtaining the receipt the special warrants will be deemed exercised no later than Feb. 6, 2019.
 
In accordance with the terms of a special warrant indenture dated Nov. 7, 2018, between the company and Computershare Trust Company of Canada, each special warrant entitles the holder to receive 1.1 common shares of the company and 1.1 common share purchase warrants. Each warrant is exercisable for one share on a date that is the earlier of (i) May 7, 2021, and (ii) the date specified in any warrant acceleration notice, at an exercise price of 35 cents per share. For further information on the special warrants, please see the company's news releases dated Oct. 18, 2018, and Nov. 7, 2018, copies of which are available on SEDAR.
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