Heritage said this sales milestone was achieved despite product availability still ramping up in Ontario and Alberta, and with orders pending from Quebec
Heritage Cannabis Holdings Corp (CSE:CANN) (OTCQX:HERTF) (FRA:2UE) said its weekly revenue exceeded C$1 million during the second week of March, the first time the company achieved this since the launch of its own brands in 2020.
Heritage Cannabis noted that this sales milestone was achieved despite product availability still ramping up in Ontario and Alberta, two of Canada’s largest markets, and with orders pending from Quebec.
“This achievement is an exciting milestone for Heritage as we continue to develop and innovate new products within our already popular brands,” Heritage Cannabis CEO Clint Sharples said in a statement.
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Sharples added: “While there is still much more work to be done to make this a consistent outcome, we are energized by our first million-dollar week in the Canadian market. We continue to make significant progress on both our medical and recreational product offerings.
“Expanding our international strategy in conjunction with growing larger in all Canadian provinces will continue to drive this revenue number higher in the future.”
The company added that this growth was propelled by its popular brands Purefarma, Pura Vida, Premium 5 and RAD.
Heritage Cannabis 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 of which are regulated under the Cannabis Act Regulations.
The company recently acquired Canadian recreational and medical cannabis company Premium 5 Ltd, which Heritage Cannabis expects will make it a leader in the extract and extract derivatives market, as Premium 5 is a premium provider of Cannabis 2.0 hydrocarbon and solventless concentrates in Canada.
Contact Sean at sean@proactiveinvestors.com
