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Wednesday, July 19, 2023 10:21:55 AM
"The New York market has enormous potential, and I am thrilled that the production of RAD branded products has started up in the state," said David Schwede, CEO of Heritage. "Our U.S. roll-out strategy has a low cash requirement, providing an efficient entry into growing markets and faster path to profitability. Using a methodical approach when entering new markets has worked to Heritage’s benefit, where we can properly and successfully establish a brand and see the growth that follows. The timing of Heritage entering the New York market now, allows us to focus on the launch of our brand and establish Heritage for growth as the market matures."
https://finance.yahoo.com/news/heritage-cannabis-begins-manufacturing-york-131400371.html
Looks like another big revenue stream about to come online for the company. Really happy with all the latest achievements including another solid quarter of revenues and shipping its first products to Austrailia. Missouri cannabis sales still appear to be going strong restrained only by flower shortages that reports say will ease soon. Really looking forward to seeing how fast the New York market takes off. Congrats to the team on all their recent successes!!! Like :) GLTA
Posts are opinions only and not advice of any kind.
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