Heritage Cannabis Holdings Corp TRJTF

Primary Symbol: HERTF

Healthcare Cannabis

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

Heritage Cannabis Holdings Corp

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Comment by Longongreenon Feb 06, 2020 11:05am

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Post# 30651858

RE:RE:RE:Inching closer to poor Q4/19 disclosure.

PI's Q4 revenue estimate was/is $3.3M. Heritage will hit the mark. The vape crisis and Alberta and Quebec decisions to not allow vape sales in the beginning months of Cannabis 2.0 had zero impact on Q4 numbers given that Q4 ended October 31, 2019. The quarter will show revenues from a variety of customer engagements, the largest of which was pumping out oil for various formulations to begin fulfilling the Cronos contract. Milestone payment revenue would have been recognized in Q4. The scaled back approach by the provinces will have impact on Q1 numbers however. People seem to have an expectation of hockey stick revenue growth for Q1 but tempered expectations should be a modest growth in revenue over Q4. The hockey stick growth will start in Q2 and continue throughout the rest of fiscal 2020. At that point Bob, what in the world will you even have to complain about?

BobGreenfield wrote: Endeavour ....... I'm expecting the reality to not meet the expectations of the market.

You keep quoting the PI financial numbers but you don't seem to contextulaize the 1 year target price to Q4/19 reporting.

endeavour wrote: expectations are for 2.6 to 3.1m i think it was. You expecting them to come in lower than that? I think thats unlikely. I think they will hit their numbers, even with the slow rollout across the industry, which would be a huge positive.