Heritage Cannabis Holdings Corp (HERTF)

[BlueGreenPower]

**NEWS** Heritage Cannabis Provides Update on Missouri Recreational Launch

"Our U.S. strategy is truly taking shape now and as we see this level of success in our current markets we will continue to look to grow our footprint in a similar capital efficient manner in new states where we can take advantage of further high gross margin revenue streams," said David Schwede, CEO of Heritage. "We have seen a very strong positive reaction to our market leading products that we’ve launched to date and will be adding another wave of recreational focused products in the coming weeks that will contribute to Heritage being cash flow positive in the U.S.."

https://finance.yahoo.com/news/heritage-cannabis-provides-missouri-recreational-131800887.html

To me limited license markets like Missouri are golden compared to unlimited license markets like Canada due to simple supply and demand factors. Currently you have 104 vape cart brands listed on the OCS. Compare that with only 16 vape cart brands listed at the popular Cookies dispensary in St Louis. Considering that Ontario recently reported $147 million in monthly sales compared to Missouri's first month $103 million, the opportunity is obviously bigger in Missouri for first movers like Heritage simply due to less competition. Cannabis companies are making bank in limited license Florida using the same basic model. Like :)

I expect with today's news of Missouri's neighbor Oklahoma voting down recreational cannabis even more people will be flocking to MO for cannabis tourism. Missouri is surrounded by states without rec availability, and dispensary owners are reporting lots of out of state tags. Missouri could turn into the Amsterdam of the mid west. Missouri is turning out to be a much bigger market than I expected so glad to hear more popular RAD SKU's are on the way. Excited for the Heritage teams opportunity in Big MO :) Always IMHO GLTA!!!!

Missouri’s First Month of Legal Recreational Pot Sales Tops $100 Million

https://hightimes.com/news/missouris-first-month-of-legal-recreational-pot-sales-tops-100-million/