Cannabis Report
Home > Boards > Canadian > Cannabis >

Heritage Cannabis Holdings Corp. (UMBBF)

Add UMBBF Price Alert      Hide Sticky   Hide Intro
Moderator: abrois
Search This Board: 
Last Post: 7/24/2018 5:21:15 PM - Followers: 10 - Board type: Free - Posts Today: 0



Heritage Logo

Welcome to Heritage Cannabis Holdings Corp.

Heritage was created as a holding company, designed to acquire, in whole or in part, various cannabis related companies or projects. The Company believes the marijuana industry will be lucrative in many aspects, and will focus on leveraging its expertise and contacts to forward projects deemed prospective. Although no other transactions are currently signed, the strategic plan calls for multiple avenues of potential expansion for the Company. 

Heritage Cannabis Holdings Corporate Update

Vancouver, B.C. / TheNewswire / January 18, 2018 - HERITAGE CANNABIS HOLDINGS CORPORATION (CSE: CANN) ("Heritage" or Company") is pleased to provide a corporate update following the Change of Business process recently undertaken in changing from Umbral Energy Corp. and becoming a fully compliant Cannabis issuer.


As previously announced by the Company, its 75% owned subsidiary, PhyeinMed Inc. ("PhyeinMed") a Health Canada late stage applicant under the ACMPR (Access to Cannabis for Medical Purposes Regulations), began the Phase 1 build out of their existing 15,500 sq ft facility, in Falkland, BC in the Fall of 2017, with an expected completion date of early to mid February 2018. Construction is progressing according to plan and is expected to come in on time and on budget.

"Our general contractor and construction staff have been working hard to ensure we meet our targets, and we've encountered few surprises of any significance." says Clint Sharples, Chairman of Heritage, "I personally toured the facility this week and am very happy with our progress. We sincerely appreciate the support we've received from the local area and we are proud to be a member of this great community"

Pictures and video of the build are currently being compiled, along with the proper narrative to support the information necessary for the submission of the evidence package to Health Canada. Under direction of our security adviser David Hyde of David Hyde and Associates, PhyeinMed has contracted a local security company which will provide security equipment and subsequent reports to support initial Master Security Plan which was presented to the Offices of Medical Cannabis in our initial application.

During construction each area of interest has been supported by Evidence of Good Production Practices (GPP) along with photographic proof. Once the site perimeter construction has been completed the composition of the requirements will be finalized to complete the evidence package which will be submitted to the Offices of Medical Cannabis. Once reviewed and determined to their satisfaction that there is a functioning facility at the site address, a production licence is expected to be issued shortly thereafter.

Phase 2 construction on the two-story new build addition is scheduled to be begin the week of January 22nd, 2018, and will be started in conjunction with the completion of Phase 1. The Company is targeting a completion date in late Spring 2018. Upon completion, PhyeinMed will have nearly 38,000 sq ft of growing space and grow rooms will be brought into production by June 2018.

Additional phases of facility growth, targeting 420,000 sq ft of production for the Falkland project are set to commence according to the strategic plan once the Spring thaw is complete and access to the remaining property is open.

About Heritage Cannabis Holdings Corporation

The Company is currently listed as a marijuana issuer having a 75% interest in PhyeinMed Inc, a Health Canada late stage applicant under the ACMPR (Access to Cannabis for Medical Purposes Regulations). It is a parent and development company with strategic plans to continue to acquire Cannabis related companies.


"Jag Bal"

Jagdip Bal

President and CEO

Cannabis Report
Current Price
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
UMBBF News: MJAC 2017 Speaker Update - How venture capital and cryptocurrency are converging as the future of cannabis investing 08/30/2017 10:29:33 PM
UMBBF News: PotNetwork Holdings, Inc Confirmed for MJAC 2017 08/28/2017 10:43:55 AM
UMBBF News: MJAC 2017 International Cannabis Conference - Discount Code 08/24/2017 08:40:00 AM
UMBBF News: MJAC 2017 - Speaker Update - Investing In The U.S. Cannabis Market 08/22/2017 01:27:13 AM
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
#101  Sticky Note Heritage Updates Expansion Plan MERCURIAL 06/14/18 10:34:42 AM
#114   How does this measure up to CROP? JohnCM 07/24/18 05:21:15 PM
#113   John Just hit the "Buy" button and don't JackAskSlap 07/24/18 08:12:40 AM
#112   CANN.c Heritage Cannabis Holdings subsidiary PhyeinMed receives Cannabis howestreetbull 07/23/18 01:10:41 PM
#111   Cultivation liscence friday,, halted before trading,, mj sector abrois 07/23/18 11:27:56 AM
#110   FORM D (Small Company Offering and Sale of JohnCM 07/21/18 08:37:06 PM
#109   NEWS Heritage Updates Expansion Plan JohnCM 07/21/18 08:28:58 PM
#108   O/S number? JohnCM 07/21/18 08:26:58 PM
#107   Outstanding Shares JohnCM 07/21/18 08:24:58 PM
#106 GREY No bid/a JohnCM 07/21/18 08:24:22 PM
#105   How does UMBBF stack up to CROP? JohnCM 07/21/18 08:23:12 PM
#104 Friday tweet and list of ACMPR licensed howestreetbull 07/21/18 10:04:34 AM
#103 added to the $HMJR Emerging Marijuana Growers howestreetbull 06/29/18 10:12:25 AM
#102 added to the $HMJR Emerging Marijuana Growers howestreetbull 06/29/18 10:12:25 AM
#101   Heritage Updates Expansion Plan MERCURIAL 06/14/18 10:34:42 AM
#100   Canada buying...ready to see a nice run here. $UMBBF/CANN MERCURIAL 06/14/18 10:16:08 AM
#99   weed stocks seem to be finally reversing upwards,,, abrois 06/13/18 06:06:14 PM
#98   Passed! Bring the volume. MERCURIAL 06/07/18 09:21:36 PM
#97   awaiting the senate vote tonite for legalization abrois 06/07/18 07:45:08 PM
#96   Nice bounce off low , license and day !!!! MADDSTACKER 06/07/18 10:04:26 AM
#95   Looking good here. $UMBBF MERCURIAL 06/07/18 09:52:57 AM
#94   CANN.c Heritage and PhyeinMed Submit Evidence Package howestreetbull 05/24/18 09:12:59 AM
#93 nice coverage out of Forbes on the howestreetbull 05/13/18 10:11:06 AM
#92   look's like a reversal in small cap mj's abrois 05/10/18 06:40:14 PM
#91   420 day celebrating cannabis culture,, 04/20 ,, will abrois 04/20/18 06:47:24 PM
#90   CANN.c Cheech Marin Chooses Heritage Cannabis Holdings for howestreetbull 04/19/18 10:11:58 AM
#89   weed stocks seem in a slumber for the abrois 04/17/18 08:13:31 PM
#88   CANN.c Heritage's Subsidiary PhyeinMed Signs Amended Agreement With howestreetbull 04/05/18 08:23:55 AM
#86   Trump suggests death penalty for opioids trafficking, , abrois 03/20/18 12:43:19 PM
#85   by @thenewswire on March 19, 2018 howestreetbull 03/19/18 09:16:48 AM
#84   by @thenewswire on March 19, 2018 howestreetbull 03/19/18 09:16:47 AM
#83   that's great news , liscence at the beginning abrois 03/15/18 03:41:59 PM
#82   by @thenewswire on March 15, 2018 howestreetbull 03/15/18 01:57:48 PM
#81   Believe the weed sector is beginning it's pre-legalization abrois 03/07/18 02:39:27 PM
#80   Heritage Cannabis Holdings to Apply for Three Retail howestreetbull 02/08/18 06:41:49 AM
#79   quite the weedbound,,,, abrois 02/05/18 10:43:03 AM
#78   This board is for you ... JohnCM 02/02/18 03:21:24 PM
#77   Heritage Cannabis Holdings To Build 3.0 Million Square howestreetbull 02/02/18 09:14:06 AM
#76   cryptos and weed stocks (cad) started thier correction abrois 02/02/18 07:54:57 AM
#75   sell-off rate accross the spectrum today,,, abrois 01/30/18 03:46:12 PM
#74   Aphria to buy Nuuvera for $826m ($670m us) abrois 01/29/18 07:04:29 PM
#73   appears to be adopting the same trading pattern abrois 01/29/18 03:04:23 PM
#72   They found their MoJo now. Good thing most JackAskSlap 01/29/18 10:16:57 AM
#71   Heritage Cannabis Holdings Announces Phase 2 construction and abrois 01/29/18 10:09:41 AM
#70   good choice , abrois 01/28/18 08:55:35 PM
#69   I saw the word lithium...and have a play motorcityAce 01/28/18 08:39:11 PM
#68   That's interesting lithium. They must have been miserable JohnCM 01/28/18 07:43:34 PM
#67   i got in as a lithium play a abrois 01/28/18 06:10:22 PM
#66   The only thing good about this company is JohnCM 01/28/18 02:39:12 AM
#65   Small fry playing catch up after switching business strategies. JohnCM 01/28/18 02:35:57 AM
#64   GREY SHEET. At least they are DTC eligible. JohnCM 01/28/18 02:31:15 AM