Vancouver, B.C. / TheNewswire / February 5, 2019 - HERITAGE CANNABIS HOLDINGS CORPORATION (CSE: CANN) ("Heritage" or "Company") is pleased to announce the expansion of its extraction capacity with the order of three new Vitalis extraction systems, expected to be delivered before the end of February 2019.
This order will see two new units to be delivered to CannaCure Corp ("CannaCure") in Fort Erie, ON, and one new unit to be installed in addition to the Company's existing extraction unit at Falkland, BC in the PhyeinMed Inc. ("PhyeinMed") location. Once installation of all four systems are completed, and the necessary licenses from Health Canada are obtained, Heritage will become one of the largest processing companies in Canada in terms of extraction capacity.
"The team at Heritage continues to execute our business plan, driving our company forward towards our ultimate goal of becoming a fully integrated, industry leader in the Canadian cannabis industry." states Clint Sharples, CEO of Heritage "The expertise we acquired from Purefarma Solutions in December has allowed us to expedite extraction plans and will enable us to achieve our revenue goals set for Q2."
The Company expects the installation of these units at CannaCure and PhyeinMed to be completed by the end of March 2019.
About Heritage Cannabis Holdings Corp.
The Company is focused on becoming a vertically integrated cannabis provider that currently has two Health Canada approved licensed producers, through its subsidiaries PhyeinMed Inc. and CannaCure Corp. both regulated under the Cannabis Act Regulations, and its subsidiary Purefarma Solutions, which will be providing extraction services within the Company. Heritage is focused on advancing its scale and technology footprint to compete both domestically and internationally.
ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORPORATION
President & Director
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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 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.
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