Heritage Cannabis Announces Corporate Update and Highlights Significant Sales Growth, Market Share and Growing Distribution

Heritage Cannabis Announces Corporate Update and Highlights Significant Sales Growth, Market Share and Growing Distribution
CANNANNEW REPORT

Heritage is now the #1 seller of concentrates in the Country TORONTO–(BUSINESS WIRE)–$CANN–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”), is pleased to provide an update on recent activities including sales, market share, growing distribution, and the Company’s expansion into the United States. Year End Financials Heritage’s financial results for the year ended October 31, 2021 will be issued the afternoon of Wednesday May 11, 2022. During 2021, Heritage and Premium 5 came together and formed a foundation on which a strategically transformed company was built. The management team spent the year positively changing the direction of the company, and change takes time. The results of some of the efforts put in during the year are reflected in the 2021 results with a number of non-cash related items that address the changes made during the year. These items were required in order to set the stage for the new and improved Heritage. In the coming weeks, Heritage will issue the financial results for the first quarter ended January 31, 2022 and will then be back on schedule. The Company is stronger than ever as shown in the below sales and market performance details. Recent Sales Activities and Market Performance1 Overall Market Share Rankings and Sales Performance across BC, Alberta, Saskatchewan and Ontario Continued sequential sales growth in Q1 with fourth straight quarter of 25%+ growth, based on shipped orders Heritage ranks #17 out of 267 Canadian cannabis companies for recreational revenue Heritage’s top performing brand is RAD which ranks #24 out of over 500 brands across the country, this is without any significant presence in flower and prerolls which hold the largest category share. This is a notable achievement as the RAD brand only came to market in late 2020 RAD re-launched Radsicles for the summer…

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