• ๐ŸŒŽ Worldwide
    • ๐Ÿ‡บ๐Ÿ‡ธ U.S.
    • ๐Ÿ‡จ๐Ÿ‡ฆ Canada
    • ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
    • ๐ŸŒ Asia
    • ๐ŸŒ Europe
    • ๐ŸŒŽ Latin America
    • ๐ŸŒ Oceania and Australasia
The Daily Marijuana Observer
SUBSCRIBE
  • Home
  • Latest
  • Business
  • Investments
  • Law
  • People
  • Health
  • Databases
No Result
View All Result
The Daily Marijuana Observer
  • Home
  • Latest
  • Business
  • Investments
  • Law
  • People
  • Health
  • Databases
No Result
View All Result
The Daily Marijuana Observer
No Result
View All Result
Home Investments

Heritage Cannabis Announces Advancement of Joint Venture with Empower Clinics in the United States

TheNewswire by TheNewswire
March 5, 2020
in Investments, Marijuana Stocks, Press Releases, United States
Heritage Cannabis Announces Advancement of Joint Venture with Empower Clinics in the United States

Photo by rawpixel.com on Pexels.com

60
SHARES
ShareShare

 

Toronto, ON – TheNewswire – March 5, 2020 – HERITAGE CANNABIS HOLDINGS CORP. (CSE:CANN) (CNSX:CANN.CN) (“Heritage” or the “Company”) is pleased to announce the advancement of its previously announced Joint Venture Partnership (“JV”) with Empower Clinics Inc. (CSE: CBDT) (“Empower”) based in Sandy, Oregon, USA.

In September 2019, Heritage announced it had entered into a Letter of Intent (“LOI”) to form a 50/50 ownership JV with Empower for the extraction of hemp for CBD oil production, and formulated CBD products. The JV is equally funded by both parties and since formation CDN$250,000 has been provided to the JV.

Heritage is now advancing the JV with the order and installation of extraction and post-production equipment units at Empower’s existing licenced hemp processing facility in Sandy, Oregon, in order to immediately begin performing hemp-based product manufacturing for proprietary formulations, tolling services, and third-party white labelling services for other distributors throughout the United States.

The proprietary branded products will be distributed through Empower’s corporately owned physician staffed health clinics in Oregon and Arizona, online at http://www.sunvalleyhealth.com and in upcoming new franchise locations which currently have access to over 165,000 patients.

Additionally, related downstream equipment is now being installed including gel cap processing, tincture bottle and vape cartridge filling, as well as labelling, packaging, storage and shipping services, to offer full-service end-to-end products to third parties.

Heritage is providing training and supervision related to the proprietary methods of extraction and oil production that is already being successfully produced in Canada by Heritage.

“Having the backing of an experienced partner with the financial strength of Heritage Cannabis is proving to be so beneficial for the development of our first extraction facility”, said Steven McAuley, Chief Executive Officer of Empower. “Together, we have already identified numerous opportunities to bring new orders to the JV facility ensuring we leverage the capacity we are building.”

“We are very pleased to be advancing our U.S. strategy through this mutually beneficial partnership with Empower, which provides Heritage ease of access to the world’s largest cannabis market”, stated Clint Sharples, Chief Executive Officer of Heritage. “The installation of extraction units is the next phase of the JV and another step toward successfully furthering our growth strategies.”

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 Voyage Cannabis Corp. 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 a Medical Services Division 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.

ABOUT EMPOWER

Empower is a vertically integrated health & wellness brand with it’s first hemp-derived cannabidiol (CBD) extraction facility under development. The Company produces its proprietary line of CBD based products and distributes products through company owned and franchised clinics, with wholesale partnerships, online channels and with new retail opportunities nationwide in the U.S. The company is a leading multi-state operator of a network of physician-staffed wellness clinics, focused on helping patients improve and protect their health, through innovative physician recommended treatment options. The company has commenced activity on how to connect its significant data, to the potential of the efficacy of alternative treatment options related to hemp-derived CBD therapies.

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

csharples@heritagecann.com

or

Kelly Castledine

Tel: 647-660-2560

kcastledine@heritagecann.com

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 http://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.

Copyright (c) 2020 TheNewswire – All rights reserved.

Share this:

  • Click to email this to a friend (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pocket (Opens in new window)
Tags: CSE:CANNCSE:CBDTEmpower Clinics Inc.Heritage Cannabis Holdings Corporationlicensed producerOTC:HERTFOTC:UMBBF

Get Real-Time Updates from MJobserver.com

Unsubscribe
TheNewswire

TheNewswire

A fully-accredited compliance service since 2004, TheNewswire provides distribution and filing agency services to hundreds of clients โ€“ domestically and internationally.

Related Posts

INDIVA Ltd. (TSXV: NDVA) (OTC: NDVAF) Cannabis Stock News
Ontario

Indiva Reports Record Market Share for January 2021

February 9, 2021
HEXO Corp. Marijuana Stock
Press Releases

HEXO Corp Appoints General Manager of US Operations

February 8, 2021
Piper Jaffray - Marijuana Stocks News
Investments

Piper Sandler Downgrades Canopy Growth Corp.

February 5, 2021
Delta 9 Announces Two Locations for Cannabis Retail Stores in Manitoba
Manitoba

Delta 9 to Open Tenth Cannabis Retail Store

February 5, 2021
Health Canada Licensed Cannabis Producer and Processor Stocks
Press Releases

GCAC Announces Health Canada Medical Cannabis Sales License

February 4, 2021
Cannabis Stocks Targeting Spain and Europe
Spain

Tilrayยฎ Exports First Shipment of Medical Cannabis to Spain

February 4, 2021
Load More
Next Post
Highland Brothers LV Slugger is a Big Hit

Highland Brothers LV Slugger is a Big Hit

๐Ÿšจ Subscribe to Stock Alerts

Get Live Updates on Breaking News

Subscribe Now

โœ‰๏ธ Subscribe to Our Newsletter!

* indicates required

๐Ÿ”Ž Search Marijuana Stocks

๐Ÿ“ฐ Recent News

  • Verano Holdings Enters into Agreement to Expand Arizona Footprint
  • Green Thumb Industries Announces Initial Public Offering in the U.S. to Raise US$100,000,000
  • Greenlane Announces Dismissal of Remaining Securities Class Action
  • Indiva Reports Record Market Share for January 2021
  • Acreage Announces Fourth Quarter And Full Year 2020 Earnings Date
Facebook Twitter Instagram LinkedIn Youtube

Cannabis News by Region

  • ๐Ÿ‡บ๐Ÿ‡ธ United States
  • ๐Ÿ‡จ๐Ÿ‡ฆ Canada
  • ๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom
  • ๐ŸŒ Asia
  • ๐ŸŒ Europe
  • ๐ŸŒŽ Latin America
  • ๐ŸŒ Oceania and Australasia

Cannabis Tools & Resources

  • ๐Ÿ“… Calendar
  • ๐Ÿ“Š Databases
  • ๐Ÿ“‡ Directories
  • ๐Ÿ”” RSS Feeds
  • ๐Ÿ“บ Videos

Find Cannabis Business Services

  • โš–๏ธ Attorneys & Law Firms
  • ๐Ÿ“Š Accountants & Accounting Firms
  • ๐Ÿ’ก Consultants & Consulting Firms
  • ๐Ÿ“ฒ Marketing Agencies & Firms

The Daily Marijuana Observer

  • Subscribe
  • About MJobserver.com
  • Affiliate Marketing Disclosure
  • Legal Disclaimer
  • Privacy Policy
  • Contact Us

Advertise with Us

  • ๐Ÿ‘€ Advertise
  • ๐Ÿ“ฃ DMO Newswire
  • ๐Ÿ“‡ List in Our Databases

ยฉ 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerโ„ข (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

No Result
View All Result
  • Home
  • Latest
  • ๐Ÿ”’ PRO
    • ๐Ÿ”’ A.M. Watchlist
    • ๐Ÿ”’ Analyst Action
  • ๐Ÿ’ผ Business
  • ๐Ÿ“ˆ Investments
    • ๐Ÿ“ˆ Stocks
    • ๐Ÿ’ฐ ETFs and Funds
    • ๐Ÿ’ญ Market Commentary
    • ๐Ÿ“ฐ Press Releases
    • ๐Ÿ“… Earnings Calendar
  • โš–๏ธ Law
    • Laws
    • Politics
    • Intellectual Property
    • Attorneys & Law Firms Database
  • ๐Ÿ‘ฅ People
    • โšฝ Athletes
    • ๐Ÿ’ผ Executives
    • ๐ŸŒŸ Celebrities
    • ๐Ÿ›’ Consumers
    • โš•๏ธ Doctors
    • ๐Ÿ’Š Patients
  • ๐Ÿ’Š Health
  • ๐Ÿ“‡ Databases
    • ๐Ÿ“ˆ Stock Databases
    • ๐Ÿ’ฐ Fund Databases
    • ๐Ÿ’ผ Service Providers Databases
    • ๐Ÿฆ Marijuana Stock Brokers
    • ๐Ÿ’ฒ Marijuana Cryptocurrencies

ยฉ 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerโ„ข (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.