Heritage Announces Cannabis Purchase Agreement with Weed Me

Ad blocking detected

Thank you for visiting CanadianInsider.com. 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
JOIN THE CLUB

* 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.

(TheNewswire)



 

Vancouver, B.C. - TheNewswire - September 10th, 2019 – HERITAGE CANNABIS HOLDINGS CORP. (CNSX:CANN.CN) (“Heritage or “Company”) is pleased to announce that it has entered into two Agreements with Weed Me Inc. (“Weed Me”) to purchase a bulk order of cannabis biomass, and an ‘right of first offer’ (“ROFO”) to secure future cannabis supply.

 

Heritage received its first bulk shipment from Weed Me during the last week of August. The open-ended ROFO agreement provides Heritage with secured dried cannabis from Weed Me as each harvest is completed. This agreement contributes to Heritage’s strategy of procuring high quality biomass from industry leading suppliers which will assist the Company to meet the scheduled contracted production volume.

 

“We are please to have Weed Me as a contracted supplier of cannabis biomass. Their ability to grow quality THC and CBD content cannabis which meets our high specifications contributes to our increased production schedule to meet our customer’s product expansion plans.” says Clint Sharples, CEO of Heritage “Our procurement team continues to seek similar agreements for the supply of superior biomass from reputable growers.”

 

As of the end of August, Heritage has procured over 1,200 kg of cannabis biomass and will be receiving additional shipments of cannabis from top-tier suppliers such as Weed Me as production continues.

 

About Heritage Cannabis Holdings Corp.

The Company is a vertically integrated cannabis provider that currently has two Health Canada approved licenced producers, through its subsidiaries Voyage Cannabis Corp. and CannaCure Corp. both regulated under the Cannabis Act Regulations. Working under these two licences, Heritage has two additional subsidiaries, Purefarma Solutions, which provides extraction services, and BriteLife Sciences that is focused on cannabis based medical solutions. Heritage as the parent Company, is focused on providing resources for its subsidiaries to advance their products or services to compete both domestically and internationally.

 

About Weed Me Inc.

Weed Me is a private company focused on being a responsible and trustworthy producer of cannabis products utilizing proven and tested cultivation methods. With a facility that is at the forefront of innovation located thirty minutes outside Toronto, and a world-class team we are aiming to consistently create the highest quality cannabis products in Canada.

   

ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORP.

 

“Clint Sharples”

 

Clint Sharples

CEO

 

For more information contact:

Clint Sharples

Tel: 416-705-8529

csharples@heritagecann.com

 

or

 

Elizabeth Thomas

Tel: 905-321-8086

ethomas@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.

 


Click Image To View Full Size

 

Copyright (c) 2019 TheNewswire - All rights reserved.