Heritage Cannabis Holdings Corp (HERTF)

[BlueGreenPower]

**NEWS** Heritage Cannabis Announces Record Sales in Q4 and Continued Cost Management Driving the Company towards Positive Cash Flow

“Heritage has continued to outpace our larger peers in sales growth, and we don’t plan on slowing down”, commented David Schwede, CEO of Heritage. “The growth in sales and prudent cost management we have undertaken in the past few months are driving the Company towards positive cash flow as early as the beginning of calendar 2022. Our portfolio expansion of 34 skus in the flower and preroll categories, the largest segments of the market, will see results start to take shape in the coming quarters. Building a strong, self sufficient and sustainable business does not occur without strong business practices, and I am excited to see that we are within striking distance of accomplishing this in the cannabis sector.”

https://www.businesswire.com/news/home/20211108005427/en/Heritage-Cannabis-Announces-Record-Sales-in-Q4-and-Continued-Cost-Management-Driving-the-Company-towards-Positive-Cash-Flow

Another record quarter for the Heritage team!!! Congrats!!! Looks like CANN will top $6,000,000 if they beat Q3 by 20%-25%. By comparison cannabis giant Aurora only reported $19M in recreational revenue, but sells for 125 times the share price of Heritage. Their Market cap is $1.5 Billion compared to $48 Million for Heritage. So Heritage is projecting cash flow positive in early 2022, Aurora and Canopy sometime in 2023. Unfortunately these cash burning mammoths are dragging down the high performing small caps with them. Someday investors will wise up. Until then still leisurely adding to my stack. glta

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