Heritage Cannabis Announces Corporate Update and Highlights Significant Sales Growth

CANNANNEW REPORT

Heritage is now holding top 10 market share positions in each of concentrates, vapes and oils US expansion hits major milestone with construction underway in Missouri TORONTO–(BUSINESS WIRE)–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), is pleased to provide an update on recent sales and market share data in Canada, along with the achievement of a key milestone in the US expansion. Recent Sales Results and Market Share Highlights1 #4 in Canadian Sales of Concentrates #6 in Canadian Sales of Oils #9 in Canadian Sales of Vapes Accelerating Sales Growth in All Key Product Categories2 “Our recent growth rates are a strong indication that the growth reported in our Q2 and Q3 financials are not a one-off occurrence. We outpaced the market by 3x and are continuing to see strong growth over the recent months,” commented David Schwede, CEO of Heritage.   Sales Growth Of Major Licensed Producers     Top 8 Canadian LPs by Market Capitalization Market Cap $mm (October 15) Jul/Aug Sequential Sales Growth Summer* 2021 GrowthRate CAGR February 2021 to August 2021     Canopy Growth 6,553 -3.49% -12.15% -2.45%     Tilray 6,414 -5.58% -2.37% 0.28%     Cronos Group 2,537 0.99% 64.31% 7.31%     Sundial 2,101 -15.85% -7.36% 5.44%     Aurora Cannabis 1,735 -2.79% -7.15% -5.25%     Organigram 913 -9.07% 16.23% 11.08%     Village Farms 878 9.13% 9.57% 9.08%     HEXO 593 -1.97% 0.77% -0.12%     Average 2,716 -3.58% 7.73% 3.17%     Market   2.28% 12.92% 4.33%     Heritage 47 19.18% 28.80% 16.25%               Source: Headset *Summer is May 2021 – August 2021 ________________________________ 1 All market share data is sourced from Headset 2 Key product categories of Concentrates, Oils and Vapes Despite restricted operations at the…

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