(TheNewswire)
Vancouver, B.C. / TheNewswire / September 4, 2018 –
HERITAGE CANNABIS HOLDINGS CORPORATION (CSE: CANN) (“Heritage” or “Company”) announces the resignation of Jagdip Bal as CEO and Director effective today as he leaves
to pursue other opportunities. Although Mr. Bal will be stepping down from his official positions, he will remain with Heritage on
a consulting basis for the next year and he will assist with corporate development.
Mr. Bal leaves Heritage in a strong position as its subsidiary PhyeinMed Inc. (“PhyeinMed”) recently became a Licensed Producer and is well into Phase 2 of their expansion plans.
Clint Sharples will take over as interim CEO as well as remaining Chairman of Heritage as the company begins a new chapter in
building a strong cannabis management infrastructure.
“Heritage would like to thank Mr. Bal for his contribution to the company over the past five years”
states Clint Sharples “his efforts have helped create significant shareholder value, and he leaves Heritage with a bright future. I
am personally grateful that he has agreed to remain as a consultant to the company, and I wish him every success in the future on
his new endeavours.”
About Heritage Cannabis Holdings Corp.
The Company is currently listed as a marijuana issuer having a 75% interest in PhyeinMed Inc, a
Health Canada license holder under the ACMPR (Access to Cannabis for Medical Purposes Regulations). It is a Parent and Development
Company with strategic plans to continue to acquire Cannabis related companies.
ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORPORATION
“Clint Sharples”
Clint Sharples
Chairman and interim CEO
For more information contact:
Clint Sharples
Tel: 416-705-8529
info@heritagecann.com
The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of
this release.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially from current expectation. Important factors - including the
availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results
to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see
www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the
date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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