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Monday, June 06, 2022 10:40:47 AM
“This LP is a leader in the online medical and recreational cannabis space, and we are very honoured that they are trusting Heritage to be a part of their medical platform,” said David Schwede, CEO of Heritage. “We have added yet another revenue channel to further support our growing business, and now that our products are on the two largest medical platforms in Canada, our positive trajectory and momentum are hitting pace. We are thankful for this opportunity to work with this team and are excited for what the future of the relationship can bring”.
https://www.businesswire.com/news/home/20220606005625/en/Heritage-Cannabis-Achieves-Another-Major-Milestone-Signing-a-Definitive-Agreement-with-a-Major-LP-to-Supply-Products-for-their-Market-Leading-Medical-Platform
Aurora is the top selling medical cannabis LP in Canada. Heritage brands are now listed on their website. Heritage now has Canopy and Aurora as medical cannabis partners. Aurora just reported $40 million medical net revenue in their third quarter with a healthy 63% adjusted gross margin. This is great news to be one of few thrid party suppliers for both Canopy and Aurora. I don't see any other nano caps making these kind of deals with the cannabis power players.
Aurora or Canopy would be smart to acquire Heritage before the sector comes back into favor, and the price goes up. Our CEO was a VP at Aurora so it wouldn't surprise me if they have talked. Also Aurora could use some help with their rec sales which have been declning while Heritage's has been increasing. Aurora just bought Thrive Cannabis so we know they are looking around.
Congrats to the Heritage team!!! glta
RAD Radsicle Reddit Review
More good news from Missouri on rec legalization. Like :)
https://www.stltoday.com/business/local/canna-cocktails-and-gummies-missouris-marijuana-industry-preps-for-legalization/article_784bcec8-2f8f-5223-a8a0-1d0d7771504f.html
Posts are my opinion only, and not advice of any kind. glta
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