Heritage Cannabis Holdings Corp (fka HERTF)

[BlueGreenPower]

**NEWS** Heritage Cannabis Books Record Sales in the Month of July; Provides Sales Pipeline Update

Sales of $3.2M in July 2021 set a new monthly record, exceeding the previous monthly record of $2.1M in May, 2021

Headset, Inc. data published in June 2021 shows Heritage achieved one of the top growth rates for extract sales in the first half of calendar 2021

Heritage continues to command a large market share of concentrate products and holds the 3rd spot in Canadian sales for the first half of 2021.

https://finance.yahoo.com/news/heritage-cannabis-books-record-sales-211000880.html

WOW!!! Heritage had a really strong July. If they keep averaging $3.2 million per month going forward they would have a $38.4 million annual run rate. Considering their market cap is only $40 million this shouts undervalued to me. Heritage would be over $100 million with a conservative 4x multiple. If someone wants to buy Heritage it will cost them a lot more now :)

My thoughts...

Heritage is now 3rd in concentrate sales in all of Canada. Think about that a minute.

Ontario significantly increasing Heritage purchase orders with Heritage already @ 16% non hash concentrate market share.

SG&A costs coming down and gross margins going up.

Heritage 2nd in New Brunswick vape sales and 11th country wide.

Heritage going heavy into dried flower with 10 new products this quarter.

Bloom acquisition is still ongoing, but the Merida partnership should work as well or better as a US entry vehicle if it doesn't work out.

Juschilln, I'm not sure if this will make the share price go up, but it makes me feel much more comfortable with my investment. Substantial cash flow will do that for me :) Heritage is going after market share hard, and obviously succeeding. imho

Congrats to the Heritage team on a record setting July!!! glta