Heritage Cannabis Announces Changes to the Board of Directors and Transition to a New Chief Executive Officer

CANNANNEW REPORT

Leadership transition reflects the successful transformation of Heritage to a company with a leading portfolio of cannabis brands TORONTO–(BUSINESS WIRE)–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), announces changes to its board of directors (the “Board”) and appointment of a new Chief Executive Officer (“CEO”). Donald Ziraldo has recently resigned from the Board of Directors and his position as Chair for personal reasons and to pursue other business initiatives. The Company wishes to thank Mr. Ziraldo for his contributions and guidance in shaping Heritage and wishes him every success in his future endeavours. Clint Sharples will assume the position as chair of the Board, and in conjunction with this, Mr. Sharples has stepped down as CEO of the Company. The Board has appointed David Schwede as his successor in the role of CEO. Mr. Schwede originally joined Heritage as President of Recreational following the acquisition of Premium 5. Prior to joining the Company, Mr. Schwede was CEO of Premium 5, and was a member of Senior Management at Aurora Cannabis. With a history as CEO of tech start-ups, he is an entrepreneur who has successfully operated and scaled multiple businesses that have won several start-up awards including one of Forbes start-ups to watch for 2019. Notably, his most recent success was scaling Premium 5 to a profitable, top concentrate brand in nine months and increasing revenues, national distribution and market share since joining Heritage as the President of the Recreational division. “I am very pleased to hand the CEO role to David at a pivotal and exciting time for Heritage,” stated Clint Sharples, chair of the Board. “David has a long track record of success in the cannabis space, innovating unique products and applying his entrepreneurial spirit to execute on growth strategies. Over the past six…

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