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Heritage Cannabis Expands Entry to the U.S. Cannabis Market in West Virginia via Harvest care medical llc

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Heritage Cannabis Expands Entry to the U.S. Cannabis Market in West Virginia Through Relationship with Harvest Care Medical, LLC

7:50 am ET August 8, 2022 (BusinessWire) Print

Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) ("Heritage" or the "Company"), is pleased to announce a relationship with Harvest Care Medical, LLC, ("Harvest Care"), a leading grower, processor, and provider of top-quality medical cannabis products in the state of West Virginia, with ten dispensary licenses of which two are currently in operation. Harvest Care was granted one of ten cultivation licenses last year and will contribute the use of the license to the relationship, allowing Heritage to produce branded products to be offered to medical cannabis consumers in West Virginia.

Similar to Heritage's relationship in Missouri, under the agreement Heritage will supply production equipment to Harvest Care as well as provide training and supervision of staff on the proprietary methods of extraction and manufacturing of Heritage developed and branded products. The relationship will provide favourable shelf allocation for Heritage's branded products in Harvest Care's West Virginia dispensaries. The production equipment is currently being installed at Harvest Care's facility and is expected to be operational by September.

West Virginia's Medical Cannabis Act was signed into law in 2017 and the state saw its first legalized medical sales in the fall of 2021. Total sales in West Virginia are expected to grow to USD $40 million by 2025(1).

"We are very pleased to have inked this deal with Harvest Care, one of the established leaders in the state of West Virginia and the right partner for Heritage to expand in the U.S. in an asset light, capital efficient way," said David Schwede, CEO of Heritage. "We continue to grow our revenue channels and diversify Heritage to extend beyond a market that has been dampened by this challenging regulatory environment that has seen far reaching impacts on cash flow in the space. We believe that in an early-stage, lower competition market like West Virginia, we can successfully bring Heritage's branded offerings to this growing market and see vast upside potential in our expansion strategy and its positive impact on profitability."

About Heritage Cannabis Holdings Corp.

Heritage Cannabis is a leading cannabis company offering innovative products to both the medical and recreational legal cannabis markets in Canada and the U.S., operating under two licensed manufacturing facilities in Canada. The company has an extensive portfolio of high-quality cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, feelgood., the CB4 suite of medical products in Canada and ArthroCBD in the U.S.


"David Schwede" David Schwede, CEO

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.

(1) MJBiz

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SOURCE: Heritage Cannabis Holdings Corp.">

Kelly Castledine
Tel: 647-660-2560

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Since Canadian cannabis companies can't import cannabis into the USA, and visa versa,  they can get into the cannabis markets of different countries via branding/licensing of products in some countries, and I expect that list of countries will expand for years to come, as cannabis may start to be traded internationally as a commodity. JMHO.

The smaller Canadian cannabis companies are already trying to get their name brands here in the USA,  and I think its a good idea, because they have years of experience and can quickly train newly licensed cannabis companies in the USA get up and running with good name brand products , that they know sell very well in Canada. they think those name brands in Canada might do well in the USA, and the sooner they get their brands into the USA the better chance they have at success

Since Cannabis is so restricted to trade from country to country, I think that gives small companies like LOWLF as an example, or Bhang, heritage, Indiva, or whoever, opportunities to expand internationally, they could likely never achieve if import export of cannabis was allowed now. JMHO

I think current trade restrictions on cannabis could be advantageous to smaller cannabis companies, and allow them to license their name brands around the world, and get a foothold that the large MSO's might be missing out on, because the smaller canadian cannabis companies have a lot more experience, and its well regulated already, so I think that gives them an advantage internationally. For now anyway. I think canada has already set the standard for cannabis regulation.

I wish CA regulators with no experience with cannabis regulations, would refer to canadian regulations, rather than just make up limits on how much of a product can be in a package, possibly putting the public safety in danger. I just read an article about that today.

I like seeing the smaller canadian cannabis companies teaming up with small US cannabis companies. The Import export trade restrictions on cannabis may give these smaller cannabis companies a fighting chance against the larger ones internationally, by licensing out their brands to other countries and building relationships with cannabis companies in other countries, and those companies know the local politicians, so I think that might give smaller companies some advantages in the near term of cannabis becoming legal in different parts of the world,and as cannabis emerges into a world wide traded commodity. In the long term, I think the larger cannabis companies will be forced to pay a premium and buy the smaller cannabis companies that have been successful building name brand recognition internationally. ( I think this is a possibility of how it could play out, not saying it is how it will play out)

These are just my opinions, and they change all the time, as new regulations pop up all the time.


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