Heritage Cannabis Holdings Corp (HERTF)

[BlueGreenPower]

**NEWS** Heritage Cannabis Officially Begins Sales in the Recreational Market in the State of New York

"As one of the only Canadian companies selling their branded product in the United States, we are thrilled to be successfully expanding our footprint into more states and getting a foothold in the early recreational market in New York with this inaugural sale," said David Schwede, CEO of Heritage. "The states where we are selling products offer a faster path to profitability with stronger margins than those under the Canadian model. We see enormous potential in the New York market and with these strong margins and capital efficient approach we intend to have a strong presence in the state."

https://finance.yahoo.com/news/heritage-cannabis-officially-begins-sales-120600571.html

Heritage Cannabis Reports Q3 2023 Financial Results

"We are highly focused on the strategic vision of driving sustainable growth across the organization through increasing market penetration with our brands and diversifying our revenue channels. These activities contribute to growing revenue and gross margin, which we have seen successfully occur again this quarter, including a 47% increase in gross margin over Q3 2022," said David Schwede, CEO of Heritage. "Paired with this strategy, we are maximizing efficiencies and fine-tuning our production, as well as continuing to penetrate our U.S. markets which are gaining strength showing over $3.2 million in sales thus far in Missouri and West Virginia combined. These strategies are setting the stage for our Company as we continue to grow in our home market and explore international opportunities."

https://finance.yahoo.com/news/heritage-cannabis-reports-q3-2023-201500527.html

Agree that the US markets are where Heritage should focus until cannabis tax relief takes place in Canada. Looking forward to seeing more and more higher margin US sales coming from MO, WV, and now NY. Looks like Heritage is off to a good start with $3.2 million in US sales, even with the initial raw material shortages in Missouri. Seeing much more RAD product available now that cannabis cultivation in MO has increased to meet concentrate makers demand. Happy to hear that Heritage products are now being sold in New York!!! Congrats to the Heritage team for getting it done in time for holiday sales!!! GLTA