TORONTO–()–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), is happy to supply an replace on latest gross sales and market share information in Canada, together with the achievement of a key milestone within the US growth.

Recent Sales Results and Market Share Highlights1

  • #Four in Canadian Sales of Concentrates
  • #6 in Canadian Sales of Oils
  • #9 in Canadian Sales of Vapes
  • Accelerating Sales Growth in All Key Product Categories2

“Our recent growth rates are a strong indication that the growth reported in our Q2 and Q3 financials are not a one-off occurrence. We outpaced the market by 3x and are continuing to see strong growth over the recent months,” commented David Schwede, CEO of Heritage.

 

Sales Growth Of Major Licensed Producers

 

 

Top 8 Canadian

LPs by Market

Capitalization

Market Cap

$mm

(October 15)

Jul/Aug

Sequential

Sales

Growth

Summer*

2021

Growth
Rate

CAGR

February

2021 to

August

2021

 

 

Canopy Growth

6,553

-3.49%

-12.15%

-2.45%

 

 

Tilray

6,414

-5.58%

-2.37%

0.28%

 

 

Cronos Group

2,537

0.99%

64.31%

7.31%

 

 

Sundial

2,101

-15.85%

-7.36%

5.44%

 

 

Aurora Cannabis

1,735

-2.79%

-7.15%

-5.25%

 

 

Organigram

913

-9.07%

16.23%

11.08%

 

 

Village Farms

878

9.13%

9.57%

9.08%

 

 

HEXO

593

-1.97%

0.77%

-0.12%

 

 

Average

2,716

-3.58%

7.73%

3.17%

 

 

Market

 

2.28%

12.92%

4.33%

 

 

Heritage

47

19.18%

28.80%

16.25%

 

 

 

 

 

 

 

Source: Headset

*Summer is May 2021 – August 2021

________________________________

1 All market share information is sourced from Headset

2 Key product classes of Concentrates, Oils and Vapes

Despite restricted operations on the Voyage facility in August because of native forest fires within the space, unaudited gross sales for the month of August have been roughly $2.5 million. Along with robust provincial re-orders, Heritage continues to see enhancements in each market penetration and new listings, setting the stage for additional development within the coming months.

In Ontario, Heritage gained seven new listings throughout a number of classes, giving Heritage a complete of 16 SKUs in Canada’s largest market. Sales to the OCS in calendar Q3 greater than doubled over calendar Q2. Retailer suggestions has been optimistic, and the Company anticipates including further SKUs in November.

Western Canada stays the biggest marketplace for Heritage, the place the Company continues to see glorious re-order charges and continued acceptance for brand new listings leading to further development. Alberta has not too long ago executed a major launch of Heritage merchandise, with the Company delivery 28 new SKUs to the province in September and October. In BC, Heritage claimed 3% of whole hashish gross sales, whereas additionally growing orders by 33% from calendar Q2 to calendar Q3. Orders in Saskatchewan rose by 190% sequentially in calendar Q3, with first flower merchandise anticipated to be in market in November, fueling additional gross sales development heading into Fiscal 2022.

Flower Launch – Accessing 60% of the Canadian Cannabis Market

Heritage has launched 10 pre rolls and 6 flower skus in a number of provinces with encouraging provincial orders and plans on having distribution throughout Canada by the top of calendar Q1 2022. Entry into the biggest market will inevitably proceed to drive general market share and income development for Heritage.

US Facility Update

The facility buildout at 3Fifteen Primo Cannabis’ (“3Fifteen”) licensed manufacturing facility has begun. Construction on the extraction space is underway and the Company is evaluating tools. First income in Missouri is predicted within the first quarter of calendar 2022.

About Heritage Cannabis Holdings Corp.

Heritage is a number one hashish firm providing modern merchandise to each the medical and leisure authorized hashish markets in Canada and the U.S., working below two licensed manufacturing services in Canada. The firm has an in depth portfolio of high-quality hashish merchandise below the manufacturers Purefarma, Pura Vida, RAD, Premium 5, feelgood., CB4 and ArthroCBD.

ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORP.

“David Schwede”

David Schwede

CEO

The Canadian Securities Exchange doesn’t settle for accountability for the adequacy or accuracy of this launch.

Forward-Looking Statements

This press launch comprises sure “forward-looking information” inside the which means of relevant Canadian securities laws and can also comprise statements which will represent “forward-looking statements” inside the which means of the protected harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking info and forward-looking statements should not consultant of historic info or info or present situation, however as a substitute signify solely the Company’s beliefs relating to future occasions, plans or targets, lots of which, by their nature, are inherently unsure and exterior of the Company’s management. Generally, such forward-looking info or forward-looking statements could be recognized by means of forward-looking terminology reminiscent of “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such phrases and phrases or might comprise statements that sure actions, occasions or outcomes “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking info contained herein might embody, however just isn’t restricted to, assumptions associated to money circulate and capital assets, and expectations associated to the availability and manufacturing agreements, the meant growth of the Company, and partnerships and Joint Venture Partnerships.

By figuring out such info and statements on this method, the Company is alerting the reader that such info and statements are topic to identified and unknown dangers, uncertainties and different elements which will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Company to be materially totally different from these expressed or implied by such info and statements.

An funding in securities of the Company is speculative and topic to a number of dangers together with, with out limitation, the dangers mentioned below the heading “Risks and Uncertainties” within the Company’s annual administration dialogue and evaluation for the 12 months ended October 31, 2020 and dated February 26, 2021. Although the Company has tried to establish necessary elements that would trigger precise outcomes to vary materially from these contained within the forward-looking info and forward-looking statements, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant.

In reference to the forward-looking info and forward-looking statements contained on this press launch, the Company has made sure assumptions. Although the Company believes that the assumptions and elements utilized in making ready, and the expectations contained in, the forward-looking info and statements are cheap, undue reliance shouldn’t be positioned on such info and statements, and no assurance or assure could be on condition that such forward-looking info and statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such info and statements. The forward-looking info and forward-looking statements contained on this press launch are made as of the date of this press launch, and the Company doesn’t undertake to replace any forward-looking info and/or forward-looking statements which can be contained or referenced herein, besides in accordance with relevant securities legal guidelines. All subsequent written and oral forward-looking info and statements attributable to the Company or individuals appearing on its behalf are expressly certified of their entirety by this discover.

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