Heritage Cannabis Holdings Corp (HERTF)

[JohnCM]

NEWS

Heritage Updates Expansion Plan

Vancouver, B.C. /TheNewswire /June 14, 2018 - HERITAGE CANNABIS HOLDINGS CORPORATION (CSE: CANN) ("Heritage"or "Company") is pleased to announce that its subsidiary PhyeinMed Inc.("PhyeinMed") has commenced the construction of greenhouses as part of a revised Phase 2 plan for the production of Cannabis in Falkland, British Columbia. The initial order of four greenhouses will cost approximately $350,000 and will be funded from cash on hand.

"Considering the impending changes to Health Canada's regulations and the ability to cost effectively comply with the proposed regulations with respect to outdoor grow options, we re-evaluated our current plan and were able to pivot in a manner which is much more accretive to shareholder value" says Debra Senger, CEO of PhyeinMed "this allows for a more effective use of funds, both in capital spending and ongoing operational savings."

PhyeinMed started the revised building plan on May 22nd, with the first four of ten year-round greenhouses to be completed in the fall of 2018, and the additional six greenhouses expected to be complete by spring 2019, however greenhouses will be brought online, and growing will commence as they are completed. Total grow canopy of the revised second phase will be 41,580 square feet. This is similar to the previous plans for the indoor grow facility, but the revised plan will contain more grow canopy and capacity.

Utilizing greenhouses as a cost-effective option will increase production while substantially reducing operational costs. Pending approval of our production licence allowing cultivation, it is anticipated that the first crops will be ready for harvest in Q1 2019.

PhyeinMed has plans to take advantage of the additional acreage surrounding our current processing facility and greenhouses by erecting a series of up to 30 additional seasonal small-scale greenhouses in the spring of 2019. The seasonal greenhouses bode well for extracted production products.

About Heritage Cannabis Holdings Corporation

The Company is currently listed asa marijuana issuer having a 75% interest in PhyeinMed Inc, aHealth 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.

ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORPORATION

"Jag Bal"

Jagdip Bal

President and CEO

For more information contact:

Jag Bal