Heritage Orders an Additional Two Extraction Systems

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 Ultra Club
$432/ 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.

Return to homepage

(TheNewswire)



 

Vancouver, B.C. / TheNewswire / April 2, 2019 – HERITAGE CANNABIS HOLDINGS CORP. (CSE: CANN) (“Heritage” or “Company”) is pleased to announce that it has placed an order to acquire an additional two Vitalis Q90 extraction systems, scheduled to be delivered to the CannaCure Corporation (“CannaCure”) facility in Fort Erie, Ontario.

 

The units are scheduled to be delivered by the end of May, 2019, and are anticipated to be installed and operational by July, 2019. Once delivered Heritage will have a total of six Vitalis Q90’s machines amongst its subsidiaries, making it one of the largest extraction footprints within the industry. The rapid expansion rate over the past three months has positioned the Company to have the capacity to both process its own hemp supply, as well as compete for toll processing jobs that other Licenced Cannabis Companies may look to contract out.

 

The Company feels that with the upcoming changes to the proposed regulations for derivative products for cannabis will create a significant increase in demand for extracted products and extraction services. By adding these additional extraction systems, ensures that the Company will be better positioned to meet the projected demand.

 

“With this purchase, we will double our extraction capacity at our Fort Erie facility by this summer. We continue to prepare our infrastructure for the upcoming changes to the Cannabis Act to include vaping, edibles and infusions.” says Clint Sharples, CEO of Heritage “Our extraction team continues to grow as Purefarma Solutions trains more technicians to be deployed across our network. We are confident that we will be able to meet the demand for our products and services as the market expands.”

  

About Heritage Cannabis Holdings Corp.

The Company is focused on becoming a vertically integrated cannabis provider that currently has two Health Canada approved licenced producers, through its subsidiaries PhyeinMed Inc. 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 which is focused on cannabis based medical solutions. Heritage as the parent company, is focused on providing the resources for its subsidiaries to advance their products or services to compete both domestically and internationally.

 

 

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

[email protected]

 

or

 

Elizabeth Thomas

Tel: 905-321-8086

[email protected]


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.