During the last month, Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) reported on several important developments and we believe the stock is underappreciated by the market.
A Global Growth Story
Last week, Heritage announced that it received a purchase order from a Brazilian pharmaceutical CBD product importation and distribution company. According to the agreement, the North American cannabis company will supply finished cannabidiol (CBD) products for wholesale distribution in Brazil.
Health Canada granted Heritage with the first ever license to export cannabis products from Canada to Brazil in 2021 and the company successfully shipped products to enter the testing phase with ANVISA.
Last month, the Brazilian Health Authority (ANVISA) approved the distribution and sale of Heritage CBD products in the country. The company is waiting for Health Canada to approve the exportation of CBD products and we expect this to happen very soon.
We are bullish on the growth prospects that are associated with the international market for Heritage and believe the market is not assigning any value to this aspect of the story. Over the next year, we expect the company to benefit from international growth opportunities and believe the market’s opinion on this will change.
Once medical cannabis is legalized in Brazil, we expect Heritage to start selling its entire THC product portfolio in the country. Brazil should serve as a launchpad for the sale of Heritage CBD products in Latin America and other international markets. We are bullish on the opportunity in Brazil due to the size of the population and its partner’s distribution network in the country.
A Long-Term Growth Opportunity
We consider Heritage to be a multi-faceted growth story and find the risk-reward profile to be favorable at current levels. During the last year, the company recorded impressive growth and we expect this trend to continue.
From the United States (US) to Brazil, the North American cannabis company has been nothing short of an execution story. We believe the business is levered to markets that are attractive long-term growth opportunities and are bullish on this aspect of the story.
At current levels, Heritage is trading at a discount when compared to its peers and we expect this to change as the management team continues to execute. If you are interested in learning more about Heritage Cannabis, please send an email to firstname.lastname@example.org with the subject “Heritage Cannabis” to be added to our list.
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Pursuant to an agreement between Spotlight Media Corp and Heritage Cannabis (CANN) we have been hired for a period of 90 days beginning March 1, 2023 and ending June 1, 2023 to publicly disseminate information about CANN including on the Website and other media including Facebook and Twitter. We are being paid $3,000 per month by CANN and were paid “ZERO” shares of unrestricted or restricted common shares. We plan to sell the “ZERO” shares of CANN that we hold during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of CANN in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.
This article contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs regarding future performance are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “expects”, “does not expect”, “is expected”, “believes”, “intends”, “anticipates”, “does not anticipate”, “believes” or variations of these words, expressions or statements, that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, will occur or will be realized. Such forward-looking statements involve risks, uncertainties and other known and unknown factors that could cause actual results, events or developments to differ materially from the results, events or developments expected and expressed or implied in such forward-looking statements. These risks and uncertainties include, but are not limited to, dependence on obtaining and maintaining regulatory approvals, including the acquisition and renewal of federal, provincial, state, municipal, local or other licenses, and any inability to obtain all necessary government authorizations, licenses and permits to operate and expand the Company’s facilities; regulatory or policy changes such as changes in applicable laws and regulations, including federal, state and provincial legalization, due to fluctuations in public opinion, industry perception of integrative mental health, including the use of psychedelic-assisted therapy, delays or inefficiencies or any other reason; any other factor or development likely to hamper the growth of the market; the Company’s limited operating and profitability track record; dependence on management; the Company’s need for additional financing and the effects of financial market conditions and other factors on the availability of capital; competition, including that of more established and better funded competitors; the impact of the Russia-Ukraine conflict on the global economy; the continued impact of the COVID-19 pandemic; and the need to build and maintain alliances and partnerships, including with research and development companies, customers and suppliers. These factors should be carefully considered, and readers are cautioned not to place undue reliance on forward-looking statements. Despite the Company’s efforts to identify the main risk factors that could cause actual measures, events or results to differ materially from those described in forward-looking statements, other risk factors may cause measures, events or developments to materially differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company does not undertake to revise forward-looking statements, even if new information becomes available as a result of future events, new facts or any other reason, except as required by applicable laws