Toronto, ON – TheNewswire – June 30, 2020 – Heritage Cannabis Holdings Corp. (CSE:CANN) (CNSX:CANN.CN) (OTC:HERTF) (“Heritage“ or the “Firm“), right this moment introduced that its subsidiary Voyage Hashish Corp. (“Voyage“) has signed a time period sheet for an settlement with True North Agri Inc. (“True North“) for contract manufacturing companies together with biomass sourcing and the manufacturing of full spectrum hashish oil and vape cartridge merchandise.
True North chosen Heritage as a direct results of its subsidiary Purefarma Options’ (“Purefarma”) skill to provide full spectrum hashish oil merchandise and due to their status for utilizing a ‘direct to vape’ course of which makes use of no dangerous components, flavours or provider oils. This offers Heritage prospects with a singular consistency between the pressure profile of the biomass and the oil being produced.
Voyage will produce CBD oil, 1-to-1 oil merchandise, THC oil merchandise, and a full spectrum vape cartridge for True North, with all formulation, preparation and packaging procedures carried out in compliance with relevant rules.
“Together with the launch of our personal branded merchandise in July, we’re happy to proceed advancing our technique by increasing our contract manufacturing companion relationships that are anticipated to contribute to improved revenues sooner or later,” commented Clint Sharples, CEO of Heritage. “Because the market continues to evolve, we imagine Heritage brings worth to our companions by way of our proprietary hashish extraction and formulation experience and business main strategy to bringing merchandise to market.”
“We’re happy to be partnering with Heritage on the launch of our Canadian product line ‘Purple Barn Model’ for our product manufacturing as their distinctive formulations and direct-to-vape course of will facilitate our high-quality merchandise in coming to market,” commented Darren Gill, CEO of True North Agri Inc. “True North Agri is primarily targeted on launching hemp derived CBD merchandise by way of its retail gross sales community in Canada, US and UK leveraging relationships with processing companions like Heritage to supply premium merchandise at aggressive costs.”
About Heritage Hashish Holdings Corp.
Heritage Hashish Holdings Corp. is a vertically built-in hashish firm that owns two Well being Canada authorized licenced producers, Voyage Hashish Corp. and CannaCure Corp., each of which even have industrial hemp licenses. Moreover, Voyage just lately acquired its gross sales license from Well being Canada, and the Firm will probably be launching its personal merchandise within the BC, AB, and MB markets in July 2020, with different provinces to comply with. Working underneath its licenses, Heritage has two extra subsidiaries, Purefarma Options, that gives extraction companies, and a Medical Companies Division which is targeted on hashish primarily based medical options. Heritage because the guardian firm, offers the synergies and assets for its subsidiaries to advance their medical and grownup use services and products each domestically and internationally.
ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORP.
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This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information contained herein may include, but is not limited to, assumptions related to cash flow and capital resources, and expectations related to the supply and manufacturing agreements, the intended expansion of the Company, and partnerships and Joint Venture Partnerships.
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An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading “Risks and Uncertainties” Factors” in the Company’s annual management discussion and analysis for the year ended October 31, 2019 and dated February 28, 2020, as well as the interim management discussion and analysis for the quarter ended April 30, 2018 and dated June 29, 2020. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
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