Heritage Cannabis Ships First Products To West Virginia Dispensaries
TORONTO–(BUSINESS WIRE)–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), is pleased to announce that it has completed its first production in the United States and has shipped products to dispensaries in the State of West Virginia, which are now available for purchase. The first products to ship include RAD Distillate Vapes, with RAD Live Resin and Live Rosin currently in production and shipping in the coming weeks.
Heritage began operations in the state of West Virginia through a relationship with Harvest Care Medical, LLC (“Harvest Care”), after Harvest Care recently received its treatment license from the West Virginia Office of Medical Cannabis.
This milestone marks the first shipment of Heritage products to the United States, and with further expansion into other states in our US strategic plan, we are poised to capture market share with our established brands and formulations.
“We are beyond thrilled to have shipped our first US products to West Virginia. This is the perfect time to build our reputation in the United States with our exceptional products, and ahead of the potential decriminalization of cannabis in the United States recently announced by President Biden,” said David Schwede, CEO of Heritage. “Our first shipment to the United States is a significant milestone for Heritage and adds a high gross margin revenue stream to the business that is unheard of in Canada. We are working diligently on launching new products and brands for the US market to add additional high gross margin revenue into the fold.
Heritage works with Harvest Care, a leading producer, processor and supplier of high-quality medical cannabis products in the state of West Virginia, with ten dispensary licenses of which two are currently in operation. Harvest Care obtained one of ten cultivation licenses last year and contributes to this relationship with the processing license, allowing Heritage to produce branded products to offer medical cannabis consumers in West Virginia.
About Heritage Cannabis Holdings Corp.
Heritage Cannabis is a leading cannabis company providing innovative products to the legal medical and recreational cannabis markets in Canada and the United States, operating out of two licensed manufacturing facilities in Canada. The company has an extensive portfolio of high-quality cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, Thrifty, feelgood., the CB4 line of medical products in Canada and ArthroCBD in the United States.
ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORP.
David Schwede, CEO
The Canadian Securities Exchange has neither approved nor disapproved of the contents of this press release.