Heritage Cannabis Holdings Corp 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.

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Heritage Cannabis Holdings Corp > Q4 filed Mar 01

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Post by lscfaon Mar 07, 2021 5:17pm

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Post# 32739918

Q4 filed Mar 01

Looks like spending has increased for the costs of goods sold due to shift to 2.0 products. More transparency is required and more explanation of how they will turn this cash flow positive.

Qtr ending	Revenue	Net Revenue	Excise Taxes	Gross profit
Oct20	1,500,750	1,429,973	70,777	(1,747,959)
Jul20	2,389,776	2,310,050	79,726	(961,543)
Apr20	1,358,149	884,830	473,319	(65,785)
Jan20	4,008,395	3,631,582	376,813	1,495,884
Oct19	3,563,623			(509,003)