CORRECTING and REPLACING Heritage Cannabis Executes Term Sheet with Merida Capital Holdings to Support Entry into the Missouri Market in Relationship with 3Fifteen Primo Cannabis

CANNANNEW REPORT

The financing accelerates Heritage’s expansion into Missouri and the launch of Heritage branded products in the state by the end of 2021 TORONTO–(BUSINESS WIRE)–$CANN–Please replace the release dated September 13, 2021, with the following corrected version due to multiple revisions. The updated release reads: HERITAGE CANNABIS EXECUTES TERM SHEET WITH MERIDA CAPITAL HOLDINGS TO SUPPORT ENTRY INTO THE MISSOURI MARKET IN RELATIONSHIP WITH 3FIFTEEN PRIMO CANNABIS The financing accelerates Heritage’s expansion into Missouri and the launch of Heritage branded products in the state by the end of 2021 Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), has executed a term sheet with Merida Capital Partners IV LP and its affiliates (“Merida”) to fund the Company’s entry into the state of Missouri. Missouri’s first legal medical sale took place in October 2020, and, per the Missouri Department of Health and Senior Services, there are already 140 approved dispensaries responsible for over USD$65 million of retail sales in the first half of 2021, and USD$21 million of sales in the month of July. Total retail sales in Missouri are expected to grow to USD$650 million by 2025 per New Frontier Data. The state of Missouri surpassed 100,000 patients in May 2021 (seven months after the first sale) and robust patient adoption trends have continued since. Previously, Heritage announced a five-year relationship with Como Health LLC, doing business as 3Fifteen Primo Cannabis (“3Fifteen”), to enter the U.S. market in Missouri. 3Fifteen has five dispensary licenses of which three are operational and two are in construction phase. 3Fifteen holds one manufacturing license, allowing Heritage branded products to be produced and offered to medical cannabis patients in Missouri. The relationship will grant shelf minimums for Heritage’s branded products in 3Fifteen’s Missouri dispensaries. “We are focused on building out our brand offerings…

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Source : CORRECTING and REPLACING Heritage Cannabis Executes Term Sheet with Merida Capital Holdings to Support Entry into the Missouri Market in Relationship with 3Fifteen Primo Cannabis

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