CANN.C - Heritage Cannabis Holdings

Press Release -

Heritage and Purefarma Announce Definitive Agreement

Vancouver, B.C. / TheNewswire / December 10, 2018 - HERITAGE CANNABIS HOLDINGS CORPORATION (CSE: CANN) ("Heritage" or "Company") is pleased to announce that further to its press release dated September 20, 2018, it has executed definitive agreements dated December 7, 2018 (together, the "Definitive Agreement") to acquire all of the issued and outstanding shares (the "Transaction") of Purefarma Solutions Inc. ("Purefarma"), a private British Columbia company.

In consideration for the Transaction, on the closing date, Heritage will issue an aggregate of 33,333,333 common shares of the Company (the "Payment Shares") at a deemed price of $0.195 per Payment Share.

In addition, pursuant to the terms of the Definitive Agreement, Heritage will issue additional common shares of the Company (the "Earn Out Shares") to former shareholders of Purefarma subject to Purefarma obtaining certain cumulative gross margin targets over the next four calendar years (beginning in 2019). If fully achieved, a maximum of 21,100,000 Earn Out Shares will be issued, which would require Purefarma to earn $100 million in cumulative gross margin by December 31, 2023.

Finally, pursuant to the Definitive Agreement and in exchange for a future royalty stream over the next four years (beginning in 2019), Heritage will pay an annual royalty based on that fiscal year’s gross margin. The royalty is set at 12% for the first year, diminishing to 9%, 6% and 3% each year following.

Purefarma, based in Kelowna, BC, brings an experienced extraction team, which is a key aspect to the overall growth strategy for Heritage. The Purefarma team will expand its premium CBD and THC oil offerings within the PhyeinMed and CannaCure Licensed Producer infrastructure, as both LPs intend to obtain amended licenses to include extraction in the near future. Purefarma has an existing supply agreement for 1,600 acres of hemp available through partner farmers, which has been harvested this season and available for the 2019 consumer market. In addition, they are negotiating with several parties for additional long-term supply for 2019 and beyond.

"Today our company added a key element to our growth plan by bringing in a talented group of leaders in the extraction industry." says Clint Sharples, Chairman and interim CEO of Heritage "We look forward to integrating the Purefarma business into our LP structures, and quickly move into a position that we can begin our wholesale extraction production."

The Payment Shares and Earn Out Shares will be subject to escrow conditions and/or resale restrictions as required by applicable securities laws.

Closing of the Transaction remains subject to certain closing conditions, including, obtaining all necessary approvals. In connection with the Transaction, the Company will also issue 1,200,000 common shares to an arm’s length third party at a deemed price of $0.195 per common share as an advisor’s fee.

About Heritage Cannabis Holdings Corp.

The Company is focused on becoming a vertically integrated cannabis company that currently has two licensed producers, through its subsidiaries PhyeinMed Inc., and CannaCure, under the ACMPR (Access to Cannabis for Medical Purposes Regulations). Heritage is focused on advancing its scale and technology footprint to compete both domestically and internationally.


"Clint Sharples"

Clint Sharples

Chairman and interim CEO

For more information contact:

Clint Sharples

Tel: 416-705-8529

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 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.


Le titre décolle…à surveiller. D’après moi la dernière chance d’en avoir en bas de 0.20$


le graphique est de toute beauté, manque pu que de breakout en haut de 0.20$ et on sera en selle


quand on breakout 0.20$ ca va être fun !!!


Mr guru, que se passe il? Nouvelle à venir?


Breakout technique, sous-évalué et oui nouvelles à venir


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Cann semble se diriger vers une ouverture en hausse. Techniquement la chart est bullish, résistance à 0,24 et on est reparti à la hausse


Content de savoir que nous sommes plusieurs dans le bateau qui est sur le point de lever l’ancre


sur le point de briser la resistance à 0.24$, prochaine pause autour de 0.35$/0.36$


et la première cuvée qui commence


est-ce que quelqu’un sait s’ils ont des clients de signé


Ils ont une entente avec CannTrust et Canopy


beau close à 0.23$ ! Bien hâte de voir la suite durant les prochaines semaines :slight_smile:



ORIGINAL: Donald Ziraldo Joins Heritage as Chairman of the Board

2019-02-04 09:32 ET - News Release

(via TheNewswire)

Vancouver, B.C. / TheNewswire / February 4, 2019 - HERITAGE CANNABIS HOLDINGS CORPORATION (CSE: CANN) (“Heritage” or “Company”) is pleased to announce the appointment of Mr. Donald Ziraldo, as Chairman to the board of directors. In addition, Heritage is delighted to officially announce Mr. Clint Sharples as the permanent Chief Executive Officer (“CEO”). The Heritage team continues grow in strength and leadership with the addition of Donald Ziraldo and appointment of Clint Sharples as CEO.

“Heritage is fortunate to have Donald Ziraldo join our board and take on the position of Chairman. His past successes in business, his experience dealing with regulatory bodies and his knowledge of Canadian liquor boards will all be valuable to us.” says Clint Sharples, CEO of Heritage “I look forward to continuing as the official CEO of Heritage as we build a team to take us forward.”

Mr. Ziraldo’s passion and determination have been a central force in the emerging success of the Canadian wine industry. As co-founder of the Inniskillin winery in Niagara-On-TheLake, Ziraldo was granted the first winery license in Ontario after prohibition. His talent and perseverance have helped to make Canadian icewine a globally recognized luxury brand. A dedicated ambassador of Canadian wines, Ziraldo was founding chair of the Vintner’s Quality Alliance (VQA), Canada’s regulatory agency responsible for maintaining the integrity of local wine appellations. Among his many acknowledgments, he holds an honorary degree from both Brock University and University of Guelph and is a Member of the Order of Canada. He was named one of the top twenty-five Canadian CEO’s of the Century by the National Post Magazine. Ziraldo continues to be hailed as one of the most important figures in Canadian wine history. For more information on Donald Ziraldo .

“I’m excited to join the Heritage team and continue driving their strategic objectives forward,” said Donald Ziraldo. “The cannabis market presents a significant growth opportunity similar to the wine industry and Heritage is well-positioned to establish a strong leadership position in this quickly evolving market.” .




beau finish, on a finalement brisé la résistance à 0.24$. La voie est pas mal libre maintenant et la compagnie execute son plan d’affaires à la perfection



Gros upswing dans les derniers jours. Gl all