Heritage Cannabis Holdings Corp. (CSE:CANN, OTC:HERTF) (“Heritage” or “Company”) announces its subsidiary and Licensed Holder, CannaCure Corporation (“CannaCure”), has received amendment licensing approval in accordance with Health Canada’s Cannabis Act and Regulations for the expansion of three additional rooms at its facility in Fort Erie, Ontario.
The newly approved rooms will be used for operating extraction machines, and various downstream equipment related to extraction and the production of formulated cannabis oil. This expanded space will allow CannaCure to complete the installation of two new Vitalis Q90 extraction systems which were delivered in the summer. The Company will now have a total of six extraction systems in Canada, four located in Fort Erie, Ontario and two located at Voyage Cannabis Corp. (“Voyage”), its other Licenced Facility based in Falkland, British Columbia.
“We are extremely pleased to be able to bring these rooms online and expand our extraction capabilities at CannaCure.” says Clint Sharples, CEO of Heritage “This additional capacity will be required as we look to expand our product and service offerings in 2020.”
The Company estimates that the new extraction systems will be brought online early in the new year after it receives manufacturer certification.
About Heritage Cannabis Holdings Corp.
The Company is 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 BriteLife Sciences that is focused on cannabis based medical solutions. Heritage as the parent Company, is focused on providing resources for its subsidiaries to advance their products or services to compete both domestically and internationally.
ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORP.
For more information contact:
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 ability to obtain export permits, prices for biomass, demand for medical and recreational cannabis, and acceptance of cannabis products in foreign jurisdictions– 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 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.