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

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Comment by bober2on Apr 06, 2024 2:28pm

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RE: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

Clint just emailed me and the situation is quite serious. Unless Heritage gets bought out and the bidder pays the excise tax owing Heritage might lose their cannabis licence. The old deal Heritage had with CRA is off the table and a new deal has to be put in place to prevent Heritage from being delisted from CSE if they want to continue to operate on their own without being taken over by another cannabis company.

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