Heritage Cannabis Holdings Corp. (CSE:CANN) (OTC:HERTF) (FRA:2UE) was created as a holding company, designed to acquire, in whole or in part, various cannabis-related companies or projects. Heritage Cannabis Holdings believes the marijuana industry will be lucrative in many aspects and will focus on leveraging its expertise and contacts to forward projects deemed prospective. Although no other transactions are currently signed, the strategic plan calls for multiple avenues of potential expansion for the company.
On October 19th, 2018, Heritage completed the acquisition of CannaCure Corporation. CannaCure, based in Fort Erie, Ontario, is a Canadian licensed producer under the ACMPR (Access to Cannabis for Medical Purposes Regulations). It has a 122,000 square foot, former GMP facility, and has completed a 24,260 square foot Phase one build out. CannaCure also has an option to acquire an operational greenhouse with a footprint of 3.4 million square feet. Heritage will continue the conversion of the former GMP facility in a multi-phase approach to accommodate the expected growth in the company’s extraction business and to meet the demands of the consumables market when approved by Health Canada.