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< a href=" https://www.google.com/url?rct=j&sa=t&url=https://www.businesswire.com/news/home/20210217005310/en/Heritage-Cannabis-Provides-Corporate-Update-on-Positive-Canadian-Recreational-Product-Uptake-and-Launch-of-Medical-Products&ct=ga&cd=CAIyGmJkNDg1N2NkZDZlZGE2MWI6Y29tOmVuOlVT&usg=AFQjCNF9JqbJ1ssmzXJJBb1L6lbY42ox9Q" > Heritage Cannabis Offers Business Update on Favorable Canadian Recreational Item Uptake …
TORONTO–(< period itemprop=” service provider publisher copyrightHolder” itemscope= “itemscope” itemtype=” https://schema.org/Organization” itemid=” https://www.businesswire.com” > ORGANIZATIONS WIRE)– Heritage Cannabis Holdings Corp. (CSE: CANN)( OTCQX: HERTF)( “Heritage” or the “Business”), is delighted to supply a business update relating to the increasing uptake of leisure brand names in Canada and the launch of medical products in the U.S., Canada, and abroad.
Canadian Recreational Products
Heritage has begun shipping its derivative products under its RAD brand to the British Columbia Liquor Circulation Branch (” BCLDB”) and Alberta Video Gaming, Alcohol and Marijuana (” AGLC”), which will be offered through the province’s authorized channels. Products shipped include RAD Shatter, RAD Fall Apart, RAD Vapes, RAD CBD Isolate and feelgood topicals, with additional products like RAD Refreshers shipping by the end of February. RAD is Heritage’s brand-new value brand devoted to providing marijuana consumers with the most inexpensive items while still keeping the greatest quality standard possible.
In addition, Heritage has obtained its flower sales license from Health Canada to support the asked for launch of RAD Reefer and RAD Doobies, which are also anticipated to be offered throughout Canada.
In Ontario, Heritage previously announced that it had actually gotten an order from the Ontario Cannabis Store (” OCS”) for its Pura Vida’s DayBreak Sativa Honey Oil Drops and NightFall Indica Honey Oil Drops, as well as Purefarma’s Hemplixir 30 CBD Oil and 15:15 Balance CBD Oil. Based on conversations with the province, Heritage is optimistic that additional SKUs will be gotten by the OCS in the near future.
Throughout the remainder of Canada, Heritage has actually submitted for evaluation all item SKUs to Alberta, Saskatchewan, Manitoba, Nova Scotia, New Brunswick, Newfoundland, Northwest Territories, Shelter Market and Shoppers Drug Mart. Additionally, Heritage is working through the approval process for Quebec and wants to see products listed by Q2 2021.
Canadian Extraction Providers
Heritage continues to broaden its services service with two just recently signed supply agreements, the very first with Concept cannabis, a Saskatchewan-based brand name, for the supply of flower, pre-rolls, and vapes, and the 2nd with an Alberta based marijuana seller for the supply of tincture oils. Heritage is in the lasts of signing supply agreements with two extra marijuana companies for comparable supply contracts. Furthermore, Heritage is actively working on securing a supply agreement with a significant Canadian cannabis supplier for the supply of extracts.
” Following the acquisition of Premium 5 by Heritage, our integrated entity is getting the rate on product launches, service contracts, and further innovation and product development to bring Canadian consumers the items they are seeking,” mentioned David Schwede, President of Heritage’s leisure cannabis division. “Taking Premium 5 onto Heritage’s platform is currently exposing synergies through expense reduction, product innovation, and leveraging the broader facilities to produce and ship products efficiently– a benefit that we believe will flow through to our financiers.”
In the United States, Heritage, through its U.S. subsidiary Opticann, is getting ready for the eCommerce launch of ArthroCBD, the CBD 25 mg softgel brand developed using VESIsorb ®, which supplies 4.5 x the absorption versus other oral CBD products on the market as proven in a published clinical trial in peer reviewed journal Molecules in 2019. In addition, 3 topical products formulated with VESIsorb ® for the treatment of eczema, psoriasis, and local discomfort are being prepared for launch to reach retail over the counter consumers at leading national sellers including CVS, Walgreens, Rite-Aid, Kroeger, Walmart and Costco. To support this effort, Opticann will provide its items and brand names at the National Association of Chain Drug Stores (” NACDS”) yearly meeting in late April, with the expectation to introduce product sales later this year.
In Canada, Heritage’s medical prescription-based CBD items focused on the objective of helping with chronic inflammatory discomfort and dermal conditions, and which are supported by scientific information are in the in-licensing stage. These products will be marketed to doctors and clinics throughout Canada and readily available to clients directly from Heritage. Furthermore, as previously announced, Heritage is preparing for the launch of Chyll ™, an innovative CBD/CBDA filmstrip being produced in partnership with IntelGenx.
” As we prepare to launch our preliminary suite of products created using VESIsorb ® innovation in the U.S., we continue to innovate and broaden our product portfolio with products that use exclusive pharmaceutical innovation to improve efficiency and are backed by information. We believe this is the required approach to reach the huge number of patients who can benefit from these items but who have actually never ever tried these medical options,” commented Umar Syed, Heritage’s President, Medical Division. “We continue to concentrate on broadening our medical sales in the U.S. and Canada, and are expanding our market reach internationally through the prepared launch of CBD/CBDA filmstrips in Australia and our formerly announced arrangement with Entourage Phytolabs for the bulk sale of CBD and THC extracts for the Brazilian medical market.”
About Heritage Marijuana Holdings Corp.
. Heritage is a cannabinoid business focused on the production and sale of medical and recreational hemp-based and cannabis-based product or services. In Canada, Heritage operates through its subsidiaries Trip Cannabis Corp. and CannaCure Corp., both managed under the Cannabis Act Laws. Working under these subsidiaries and the Purefarma, Pura Vida and Premium 5 brands, Heritage concentrates on extraction and the production of derivative items for recreational customers, in addition to the solution of cannabis based medical services. In the U.S., Heritage runs under Opticann Inc., a Colorado based oral and topical cannabinoid company with the rights to specifically sell CBD and CBG items made with the patented VESIsorb ® drug delivery system for optimized absorption and stability. As the parent business, Heritage is focused on supplying the resources for its subsidiaries to advance their product and services to compete both locally and internationally.
ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE MARIJUANA HOLDINGS CORP.
” Clint Sharples”
The Canadian Securities Exchange does not accept duty for the adequacy or accuracy of this release.
Published at Wed, 17 Feb 2021 12:00:00 +0000