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Heritage Cannabis Co. Boosts Gross Margin Over 50% In 2023 Thanks To This Smart Move
Tuesday, February 27, 2024 - 1:10pm | 639Heritage Cannabis Holdings Corp. (CSE:CANN) (OTCQB:HERTF) reported its financial results on Monday for the three- and twelve-month periods ended October 31, 2023, revealing an increase in gross margin of more than 50% for 2023 and 628% for the fourth quarter compared to last year. David Schwede,...
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Multi-Million Dollar Real Estate Deal Slashes Debt For Toronto Cannabis Maker
Tuesday, October 31, 2023 - 9:20am | 877Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has entered into binding agreements to sell its real estate properties in Ontario and British Columbia to BJK Developments Ltd. for a net purchase price of $9,714,475 and lease the Ontario and BC Property back from the purchaser. The...
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Heritage Cannabis Reports $8.79M Q3 2023 Revenue, Showing Strong YoY Growth
Monday, October 2, 2023 - 2:47pm | 658Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) recently reported its financial results as at and for the three and nine-month periods ended July 31, 2023. “We are highly focused on the strategic vision of driving sustainable growth across the organization through increasing...
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New Weed Products Hit Shelves In Québec Following Regulator's Approval
Wednesday, September 6, 2023 - 12:11pm | 511Heritage Cannabis Holdings Corp.’s (CSE: CANN) (OTCQX: HERTF) Pura Vida products have been approved for listing by Société québécoise du cannabis for retail and online distribution in the province of Québec. Why It Matters This is a noteworthy achievement...
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Heritage Cannabis Q2 FY23 Revenue Declines 1.5% YoY, Here Is What You Need To Know
Thursday, June 29, 2023 - 9:48am | 482Heritage Cannabis Holdings Corp. (OTCQX: HERTF) (CSE:CANN) released its financial results as at and for the three months ended April 30, 2023, revealing net revenue of CA$7.4 million ($5.6 million), a decrease of 1.5% compared to CA$7.5 million in Q2 FY 2022. Q2 2023 Financial Highlights Gross...
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Canadian Cannabis Company Is Shipping 15,000 Live Resin Cartridges To Australia
Tuesday, June 20, 2023 - 3:31pm | 320Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has successfully shipped its first order of 15,000 units of live resin concentrate vape cartridges to an established Australian company. The company has also received a second purchase order for an additional 15,000 units expected to ship...
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Heritage Entering The Recreational Cannabis-Infused Beverage Market In Canada
Thursday, May 18, 2023 - 8:29am | 340Heritage Cannabis Holdings Corp. (OTCQX: HERTF) (CSE:CANN) announced that it is entering the recreational cannabis-infused beverage market in Canada. Through a sales and distribution agreement with a producer of beverage products, BevCanna, Heritage will utilize its distribution channels and...
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Heritage Cannabis Q1 FY23 Revenue Declines 3.3% To $4.7M, What About Profit?
Thursday, March 30, 2023 - 9:06am | 494Heritage Cannabis Holdings Corp. (OTCQX: HERTF) (CSE:CANN) Q1 2023 net revenue was CA$6.3 million ($4.7 million) a decrease of 3.3% compared to CA$6.5 million in Q1 2022. Q1 2023 Financial Highlights Gross profit was CA$2 million compared to gross margin of CA$1.9 million in Q1 2022. Gross...
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Heritage Cannabis 2022 Revenue Grows 110% To $21.7M
Wednesday, March 1, 2023 - 9:54am | 445Heritage Cannabis Holdings Corp. (OTCQX: HERTF) (CSE:CANN) net revenue in FY 2022 was CA$29.6 million, ($21.7 million) a 110% increase compared to CA$14 million in FY 2021. FY 2022 Financial Highlights Gross margin was CA$8 million compared to gross margin of CA$566,133 in FY 2021....
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Heritage's Cannabis Now Available In This State, 'Our U.S. Strategy Is Adding A High Gross Margin Revenue Stream,' Says CEO
Wednesday, January 4, 2023 - 10:06am | 420Heritage Cannabis Holdings Corp. (OTCQX: HERTF) (CSE:CANN) has completed its first production run and shipment of products to dispensaries in the State of Missouri. This marks the start of Heritage product sales in the second state in the United States, with products now available in both Missouri...
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Good News Missourians, Heritage Cannabis Starts Operations In U.S. In Partnership With 3Fifteen
Monday, October 3, 2022 - 9:53am | 395Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) revealed Monday it is starting its operations in Missouri after Como Health LLC, doing business as 3Fifteen Primo Cannabis recently received an approval to operate from the Missouri Section for Medical Marijuana Regulation. Initial...
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Heritage Cannabis Amends Senior Secured Loan And Increases Facility To $19.8M
Friday, September 30, 2022 - 8:04am | 517Heritage Cannabis Holdings Corp. (OTCQX: HERTF) (CSE:CANN) has entered into a second loan amending agreement to an original loan agreement dated March 29, 2021, as amended October 4, 2021 with BJK Holdings Ltd. in the total amount of $19.775 million across four facilities. As a result of the second...
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Heritage Cannabis Q3 Net Revenue Grows 73% YoY Driven By Vape And Concentrate Sales
Wednesday, September 28, 2022 - 8:57am | 487Heritage Cannabis Holdings Corp. (OTCQX: HERTF) (CSE:CANN) Q3 2022 net revenue was CA$7.5 million ($5.46 million), a 73% increase compared to CA$4.3 million in Q3 2021. Q3 2022 Financial Highlights Gross revenue of CA$10.8 million, an increase of CA$5.7 million compared to gross revenue of CA$5.1...
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Lower Competition Cannabis Market In West Virginia Gets A New Player
Monday, August 8, 2022 - 12:10pm | 465Heritage Cannabis Holdings Corp. (OTCQX: HERTF) (CSE:CANN) entered into partnership with Harvest Care Medical, LLC, a grower, processor, and provider of medical cannabis products in the state of West Virginia, with ten dispensary licenses of which two are currently in operation. Harvest Care was...
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Heritage Cannabis Launching Social Responsibility Program - Heritage Helps
Wednesday, July 20, 2022 - 9:00am | 460Heritage Cannabis Holdings Corp. (OTCQX: HERTF) (CSE:CANN) is launching Heritage Helps, a new program embraced by management, employees and stakeholders that will be introduced throughout 2022. Heritage Helps is a multi-faceted program that combines initiatives that support the environment and...