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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.


PINL:HERTF - Post by User

Heritage Cannabis Holdings Corp > New Press Release - Heritage Cannabis Obtains Creditor Protection to Pursue Restructuring and Sales Process
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Comment by inviolablspiriton Apr 04, 2024 9:15pm
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Post# 35971774

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Heritage Cannabis Obtains Creditor Protection to Pursue Restructuring and Sales Process

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - Heritage Cannabis Obtains Creditor Protection to Pursue Restructuring and Sales ProcessI can completely understand.  The Canadian government made is very difficult for cannabis companies to get a foot hold in the industry by over taxing the cannabis industry.  This has also lead to the difficulty in stamping out the black market.  Cannabis companies in Canada are only making 12-15% profit margins, whereas the profit margins are 30-50% in the US.  For a country that made the Cannabis industry legal they have done an awful job in supporting the industry and allowing it to succeed.  

The current Canadian government keeps finding ways to make life difficult for every citizen or business in Canada.  Whether it's things like the carbon tax or refusal to fix the stock market of predatory naked short selling with exempt status and no uptick rule, they seem to be determined in making sure no Canadian can be successful in their own country.  
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