Heritage Cannabis to Supply Canopy Growth with Bulk Concentrates

Nov 15, 2021 By MarketDepth

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Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) opened 6.25% higher on Monday morning after the company announced a new Commercial Agreement With Canopy Growth Corp.

“I am honoured that Heritage is being recognized by Canopy and was selected as the pre-eminent commercial partner to supply their bulk concentrates.”

David Schwede, CEO of Heritage

The company will now supply bulk concentrates, including live resin to Canopy Growth with the first shipment already provided to the company with future purchase orders and shipments to follow. According to the press release, the Canadian leader by revenue and market share chose Heritage Cannabis due to its product quality, consistency, industry proven technology and innovation.

“We are excited to launch this relationship as it demonstrates our depth and breadth of experience in cannabis extraction and provides a high gross margin revenue stream to our well-established platform – one that we will continue to grow through a number of additional commercial relationships we are pursuing.”

David Schwede, CEO of Heritage