Heritage Cannabis

Heritage Cannabis reaches hemp processing agreement with Truro Cannabis

The initial deal involves 700 kilograms of hemp biomass

Cannabis leaf and oil in small bottles
"This transaction will see a Heritage subsidiary conduct business outside of Canada for the first time in our company's history," Heritage CEO Clint Sharples said

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCMKTS:HERTF) signed a hemp processing agreement with Truro Cannabis Co, the company announced Thursday.

Truro has enlisted Heritage subsidiary Voyage Cannabis Corp to produce bulk CBD oil or other products from its hemp biomass. The initial deal involved roughly 700 kilograms.

The resulting products will then be sold to purchasers identified by Truro. This may include exporting to the Caribbean, which Voyage obtained a Health Canada permit to do.

READ: Heritage Cannabis Holdings inks supply agreements with cannabis producer Weed Me

"This transaction will see a Heritage subsidiary conduct business outside of Canada for the first time in our company's history, in line with our strategic vision of building a more global platform," Heritage CEO Clint Sharples said in a statement. "We look forward to a long term and expanded relationship with Truro as we operate as their selected extraction and formulation partner to grow both domestically and abroad."

Truro, which obtained its cannabis license from Health Canada in June, is the company name under which 3277991 Nova Scotia Limited does business.

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Quick facts: Heritage Cannabis

Price: $0.36

Market: CSE
Market Cap: $155.05 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Heritage Cannabis named herein, including the promotion by the Company of Heritage Cannabis in any Content on the Site, the Company receives...



Full interview: Heritage Cannabis and Empower Clinics team up for production...

Heritage Cannabis (CSE: CANN) CEO Clint Sharples and Empower Clinics (CSE: CBDT) Chairman and CEO Steven McAuley join sat down with Steve Darling from Proactive Vancouver to discuss their Joint Venture for production of CBD oil at Empower’s facility in Oregon. Sharples tells Proactive how...

3 days, 10 hours ago

2 min read