Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Heritage Cannabis Holdings Corp. (C:CANN)

Business Focus: Alternative Medicine

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEDAR
Company Contact
Address: 77 Bloor Street West, Suite 600
Tel: N/A
IR: See website
Key People
Donald Ziraldo
Chairman of the Board
Clinton B. Sharples
Chief Executive Officer
Kristina Khersonski
Chief Financial Officer, Corporate Secretary
Daniel Phaure
Chief Operating Officer
Michael Tkautz
Vice President - Business Development
Christopher Roy Spooner
Chief Science Officer
Elizabeth Thomas
Corporate Secretary
Business Overview
Heritage Cannabis Holdings Corp. is a Canada-based vertically integrated cannabis provider. The Company operates its cannabis business through its subsidiaries. Its divisions include purefarma solutions and medical services. The purefarma solutions provide extraction services, and the medical services division is focused on cannabis-based medical solutions. In the United States, it operates under Opticann Inc., an oral and topical cannabinoid (CBD) company with the rights to sell CBD and cannabigerol products made with the VESIsorb(R) drug delivery system for optimized absorption and stability. The Company's subsidiaries include Voyage Cannabis Corp. and CannaCure Corp.
Financial Overview
For the nine months ended 31 July 2020, Heritage Cannabis Holdings Corp revenues increased from C$0K to C$6.8M. Net loss decreased 62% to C$4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Share-based payments decrease of 90% to C$353K (expense), Unrealized loss on contingent considerat increase from C$230K (expense) to C$2.1M (income), Salaries.
Reporting Currency: Canadian Dollars
Enterprise value: $47.97M as of Jul 31, 2020
Annual revenue (TTM): $10.39M as of Jul 31, 2020
EBITDA (TTM): -$7.10M as of Jul 31, 2020
Net annual income (TTM): -$6.14M as of Jul 31, 2020
Free cash flow (TTM): -$7.59M as of Jul 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 495,636,722 as of Oct 13, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization