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Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has signed a supply agreement with IntelGenx Corp. for the manufacture of CBD Filmstrips utilizing VersaFilm® technology. The initial order includes 50,000 units for the Canadian medical market, aimed at improving absorption compared to traditional forms. The product will meet Canadian and Australian health regulations, with shipments projected in Q2 2021. This partnership indicates a strategic move towards innovative cannabis delivery methods, enhancing Heritage's product portfolio in the medical cannabis sector.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has entered into a definitive agreement to acquire Premium 5 Ltd., a leading Canadian cannabis company known for its high-quality full spectrum concentrates. The acquisition is worth CDN$21 million in common shares, with potential additional compensation based on revenue milestones, totaling up to CDN$20 million. This purchase aims to enhance Heritage's market presence, improve product offerings, and capitalize on Premium 5's strong sales, which have generated nearly CDN$10 million in provincial orders since 2020.
Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) has announced its first order from Alberta Gaming, Liquor & Cannabis to sell its products in Alberta. The province will stock all seven of Heritage's vape cartridge offerings, including popular lines like Pura Vida and Purefarma, which have already seen strong customer demand in British Columbia, Manitoba, and Saskatchewan. CEO Clint Sharples highlights this as the largest order since their product launch, expecting similar high demand in Alberta as seen in other provinces.