{"id":399918,"date":"2020-12-15T08:53:07","date_gmt":"2020-12-15T13:53:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399918"},"modified":"2020-12-15T08:53:07","modified_gmt":"2020-12-15T13:53:07","slug":"heritage-cannabis-announces-it-has-entered-into-a-product-distribution-chain-with-cannabr-to-distribute-and-sell-bulk-cbd-products-in-brazil","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-cannabis-announces-it-has-entered-into-a-product-distribution-chain-with-cannabr-to-distribute-and-sell-bulk-cbd-products-in-brazil\/","title":{"rendered":"Heritage Cannabis Announces it has Entered into a Product Distribution Chain with CannaBR to Distribute and Sell Bulk CBD Products in Brazil"},"content":{"rendered":"

<\/p>\n

Heritage Cannabis Announces it has Entered into a Product Distribution Chain with CannaBR to Distribute and Sell Bulk CBD Products in Brazil<\/b><\/p>\n

TORONTO–(BUSINESS WIRE<\/a>)–Heritage Cannabis Holdings Corp.<\/a> (CSE: CANN) (OTCQX: HERTF) (\u201cHeritage\u201d or the \u201cCompany\u201d), today announced that it has entered into an arrangement (the \u201cArrangement\u201d) with CannaBR Exports Corp (\u201cCannaBR\u201d), a Brazilian focused pharmaceutical CBD product importation and distribution company, for the distribution and sale of bulk CBD products to the Brazilian cannabis market.\n<\/p>\n

\nHeritage, in conjunction with CannaBR, has focused on filing and achieving approvals from the Brazil Health Authority (ANVISA) to distribute and sell bulk CBD products in Brazil and is currently in advanced stages of product stability testing to meet ANVISA\u2019s requirements. Further, through the Arrangement, Heritage has established contracts with minimum order quantities agreed to by both parties to deliver CBD products in bulk to CannaBR\u2019s large distribution network in Brazil with the option to establish long-term distribution contracts.\n<\/p>\n

\nCannaBR already holds an import license, and Heritage is currently awaiting final confirmation from Health Canada to receive its export approval for the first test run to satisfy the ANVISA requirements. Upon satisfying product stability testing requirements under ANVISA, in addition to the minimum order contracts currently in place with CannaBR, the Company will commence final negotiations to secure a long-term sales agreement for a 5 year term with a 5 year extension.\n<\/p>\n

\n\u201cAs we continue to develop several international opportunities, the agreement with CannaBR is a pinnacle relationship for Heritage as it extends our international strategy beyond the United States and provides access to the growing Brazilian cannabis market which some project to grow to as much as USD $12 billion by 2028,\u201d stated, Clint Sharples, CEO of Heritage. \u201cOur joint efforts with CannaBR bring together Heritage\u2019s expertise as a licensed producer and CannaBR\u2019s international relationships to provide premium CBD products to the Brazilian market.\u201d\n<\/p>\n

About Heritage Cannabis Holdings Corp.<\/b><\/p>\n

\nHeritage is a vertically integrated cannabis provider that currently has two Health Canada approved licensed producers, through its subsidiaries Voyage Cannabis Corp. and CannaCure Corp. both regulated under the Cannabis Act Regulations. Working under these two licenses, Heritage has two additional subsidiaries, Purefarma Solutions, which provides extraction services, and a Medical Services Division which is focused on cannabis based medical solutions. In the U.S., Heritage operates under Opticann Inc., a Colorado based oral and topical cannabinoid company with the rights to exclusively sell CBD and CBG products made with the patented VESIsorb\u00ae drug delivery system for optimized absorption and stability. As the parent company, Heritage is focused on providing the resources for its subsidiaries to advance their products or services to compete both domestically and internationally.\n<\/p>\n

ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORP.<\/b><\/p>\n

\u201cClint Sharples\u201d
\n
<\/i>Clint Sharples
\n
CEO\n<\/p>\n

The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.<\/i><\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201215005706\/en\/<\/a><\/span><\/p>\n

Media:
\n<\/b>
Corey Herscu for Heritage Cannabis
\n
corey@verbfactory.com
\n<\/a>
Tel: 416-300-3030
\n
Or
\n
Investors:
\n<\/b>
Kelly Castledine
\n
Tel: 647-660-2560
\n
kcastledine@heritagecann.com<\/a><\/p>\n

KEYWORDS:<\/b> South America North America Canada Brazil<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Retail Alternative Medicine Tobacco Other Consumer Other Health Health Women Pharmaceutical Men Retail Consumer<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Heritage Cannabis Announces it has Entered into a Product Distribution Chain with CannaBR to Distribute and Sell Bulk CBD Products in Brazil TORONTO–(BUSINESS WIRE)–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (\u201cHeritage\u201d or the \u201cCompany\u201d), today announced that it has entered into an arrangement (the \u201cArrangement\u201d) with CannaBR Exports Corp (\u201cCannaBR\u201d), a Brazilian focused pharmaceutical CBD product importation and distribution company, for the distribution and sale of bulk CBD products to the Brazilian cannabis market. Heritage, in conjunction with CannaBR, has focused on filing and achieving approvals from the Brazil Health Authority (ANVISA) to distribute and sell bulk CBD products in Brazil and is currently in advanced stages of product stability testing to meet ANVISA\u2019s requirements. Further, through the Arrangement, … <\/p>\n

Continue reading “Heritage Cannabis Announces it has Entered into a Product Distribution Chain with CannaBR to Distribute and Sell Bulk CBD Products in Brazil”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-399918","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHeritage Cannabis Announces it has Entered into a Product Distribution Chain with CannaBR to Distribute and Sell Bulk CBD Products in Brazil - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/heritage-cannabis-announces-it-has-entered-into-a-product-distribution-chain-with-cannabr-to-distribute-and-sell-bulk-cbd-products-in-brazil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heritage Cannabis Announces it has Entered into a Product Distribution Chain with CannaBR to Distribute and Sell Bulk CBD Products in Brazil - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Heritage Cannabis Announces it has Entered into a Product Distribution Chain with CannaBR to Distribute and Sell Bulk CBD Products in Brazil TORONTO–(BUSINESS WIRE)–Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (\u201cHeritage\u201d or the \u201cCompany\u201d), today announced that it has entered into an arrangement (the \u201cArrangement\u201d) with CannaBR Exports Corp (\u201cCannaBR\u201d), a Brazilian focused pharmaceutical CBD product importation and distribution company, for the distribution and sale of bulk CBD products to the Brazilian cannabis market. Heritage, in conjunction with CannaBR, has focused on filing and achieving approvals from the Brazil Health Authority (ANVISA) to distribute and sell bulk CBD products in Brazil and is currently in advanced stages of product stability testing to meet ANVISA\u2019s requirements. 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(CSE: CANN) (OTCQX: HERTF) (\u201cHeritage\u201d or the \u201cCompany\u201d), today announced that it has entered into an arrangement (the \u201cArrangement\u201d) with CannaBR Exports Corp (\u201cCannaBR\u201d), a Brazilian focused pharmaceutical CBD product importation and distribution company, for the distribution and sale of bulk CBD products to the Brazilian cannabis market. Heritage, in conjunction with CannaBR, has focused on filing and achieving approvals from the Brazil Health Authority (ANVISA) to distribute and sell bulk CBD products in Brazil and is currently in advanced stages of product stability testing to meet ANVISA\u2019s requirements. 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