Heritage Cannabis Provides Update on Growth of Canadian Recreational Division and Launch of CB4 Branded Medical Products in Canada

CANNANNEW REPORT

Sales of vape products in Q3 increased 119% quarter-over-quarter in the B.C. market. In Ontario, Heritage achieved fastest growing concentrate sales and grew to #5 and #6 in sales in the concentrate category within one month of launching in the province. July 29, 2021 07:29 AM Eastern Daylight Time TORONTO–(BUSINESS WIRE)–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), is pleased to provide an update on its growth in distribution of recreational products across Canada.   Heritage has continued its strong execution in the third quarter. Our second quarter results were a strong validation of our strategy as we posted a 250% quarter-over-quarter increase in revenue compared to the first quarter of 2021. We have continued to execute on our strategy and as a result have seen strong growth in shelf space for Heritage brands combined with increased product distribution across Canada. This is a noteworthy accomplishment as many companies are seeing a contraction in shelf space across the country given the crowded landscape.   Recreational Sales: Retail Ontario In Canada’s largest and most crowded market, Heritage continues to see growing interest in its premium and affordably priced products in the province of Ontario with 7 new SKUs added to the OCS in Q3. RAD Shatter products were the fastest growing products in the concentrates category and achieved #5 and #6 concentrate overall within one month of launching in the province. Additionally, in the oils category Heritage saw 40% growth in month-over-month sales, and vape sales grew 164% month-over-month.   Western Canada In British Columbia, sales and recurring orders of products across all Heritage brands continue to accelerate, with a recent 119% quarter-over-quarter growth in vape sales. Currently RAD product is in 90% of the dispensaries in BC.   The RAD Sour Tangie High CBD and 1g…

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Source : Heritage Cannabis Provides Update on Growth of Canadian Recreational Division and Launch of CB4 Branded Medical Products in Canada

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