Heritage Cannabis Holdings Corp. (CSE:CANN;OTC:HERTF) provided Grit Captial a tour of its 122,000-square-foot former-GMP CannaCure extraction facility in Fort Erie, Ontario, which is licensed for cultivation, processing and medical sales under the Cannabis Act. Heritage has completed its Phase One 24,260-square-foot build-out and has recently installed two Vitalis Q90 extraction systems.
In the tour, Grit Capital was shown the future extraction room, which is expected to house up to four Vitalis Q90 extraction systems. Once all six extraction units are in place, Heritage will have one of the largest extraction capacities in the industry. According to the video, Heritage expects to derive 60 percent of its revenue from its hemp and cannabis oil extraction and will source the remaining 40 percent through toll processing and contract manufacturing.
The video also highlighted a Deloitte study for cannabis 2.0 in Canada, which includes the expected market for edibles and alternative cannabis products. Heritage intends to fulfill the demands of this market and is developing a line of vape cartridge filling, capping, and tincture bottles at the CannaCure facility. The company also intends to form partnerships within the industry for contract manufacturing. To date, Heritage has signed deals with Zenabis Global Inc. (TSX:ZENA) and CannTab Therapeutics Limited (CSE:PILL) and is expected to sign more agreements in the future.
To watch the full tour, click here.