Heritage Cannabis Announces Balance Sheet Transforming Sale Lease Back Transaction and Third Amendment to its Senior Secured Loan - Seite 2

David Schwede, CEO of Heritage said, “We are thrilled to have secured this agreement with BJK as it reduces the Company’s debt materially and positions Heritage within a model that compounds our ability to continue growing our revenues in Canada, the United States and other international marketplaces.” He continued, “The transaction extends Heritage’s remaining long-term debt at a very attractive, industry leading interest rate and allows our team to continue to focus on executing transactions which will further increase our revenues, expand distribution of our product offerings (including in additional US marketplaces), and continue to delight our customers with new and high-quality product formats while the industry matures and consolidates further.”

Assisting Heritage with the closing of the Sale Leaseback Transaction was, Ryan McDonald of Prairie Commercial Mortgage Corp. Mr Schwede said, “Ryan understands the pressures and high pace of the cannabis industry and his debt advisory services were highly valued to Heritage as we worked towards closing of this significant transaction for the Company.”

About Heritage Cannabis Holdings Corp.

Heritage is a leading cannabis company offering innovative products to both the medical and recreational legal cannabis markets in Canada and the U.S., operating two licensed manufacturing facilities in Canada. The company has an extensive portfolio of high-quality cannabis products under the brands Purefarma, Pura Vida, RAD, Premium 5, feelgood., CB4, Thrifty, Adults Only, feelgood., the CB4 suite of medical products in Canada and ArthroCBD in the U.S.

ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORP.

“David Schwede”

David Schwede 
CEO

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”.