Hero Technologies Inc (HENC)

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$HENC Hero Technologies (HENC) Pursues Land Acquisition in Michigan to Build Cannabis Business

https://www.accesswire.com/715657/hero-technologies-henc-pursues-land-acquisition-in-michigan-to-build-cannabis-business

Company Seeks Property as a Base in Michigan To Grow, Process, and Sell Cannabis for Medicinal and Recreational Use

DOVER, DE / ACCESSWIRE / September 13, 2022 / Hero Technologies (OTCQB:HENC) (Twitter: @heroicmindtech), a cannabis company focused on a "seed-to-sale" vertical integration strategy, today announced that it is aggressively pursuing opportunities to purchase real estate in Michigan. The company's goal is to acquire at least 10 acres to serve as the company's base of cannabis operations in the state.

"We are pleased to report that we are making progress in discussions to acquire land in Michigan," said Hero Technologies' CEO Gina Serkasevich. "Michigan is a major part of our strategic go-to-market plan. According to regulatory data, sales of legal cannabis in the state should increase over 50% this year to over $2.7 billion. With the company's in-state cannabis license already pre-approved, closing a real estate deal is our next step in executing our end-to-end cannabis cultivation and sales strategy."

Hero Technologies' subsidiary in Michigan, BlackBox Systems and Technologies LLC, plans to grow cannabis both indoors and outdoors, process the plants, and market cannabis products both wholesale and directly to consumers. The company's strategy focuses on using a proprietary aeroponic growing system to produce high-yield, high-quality cannabis.