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Tuesday, August 09, 2022 3:40:59 PM
"We are very pleased to have inked this deal with Harvest Care, one of the established leaders in the state of West Virginia and the right partner for Heritage to expand in the U.S. in an asset light, capital efficient way," said David Schwede, CEO of Heritage.
https://finance.yahoo.com/news/heritage-cannabis-expands-entry-u-115000902.html
Liking these capital light deals through Heritage partner Merida's other cannabis investments in the US. Seems like Heritage's proprietary extraction system could now be readily offered to other US LP's under similar profit sharing terms. Especially in limited license states like Missouri and West Virginia where financially unstable companies are winnowed out of the competition for licenses. You have to be careful in the US where private companies, not the government, are responsible for payment.
To me Heritage has found a smart way to expand into the US on a grow as you go basis. Missouri and West Virginia will also be good distribution hubs for shipments into the North East, Mid Atlantic, and Mid West with full legalization. Like :) glta
Found some older articles on new partner Harvest Care regarding the facilities that were under construction at the time. One of their dispensaries is a former bank with multi drive through lanes. Nice :)
Harvest Care Medical aims to finish medical cannabis facility in Bridgeport, West Virginia, in coming months
https://www.wvnews.com/statejournal/news/harvest-care-medical-aims-to-finish-medical-cannabis-facility-in-bridgeport-west-virginia-in-coming/article_e72cf84b-3be0-5325-9d22-ca399edf36a1.html
Cannabis Facility Construction Expands into West Virginia with Design-Build Projects for Harvest Care Medical
https://cannabisfacility.net/cannabis-facility-construction-expands-into-west-virginia-with-design-build-projects-for-harvest-care-medical/
Posts are my opinion only, and not advice of any kind. glta
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