Heritage Cannabis Holdings Corp, today announced that it has expanded its relationship with Merida Capital Holdings (“Merida”) to leverage Merida’s strategic portfolio of companies in the sector and rapidly advance the Company’s U.S. product distribution strategy. Upon closing of the Premium 5 acquisition in January 2021, Merida, the largest non-insider investor in Premium 5 became a strategic shareholder in Heritage. The agreement will see the two companies partnering to strategically expand Heritage’s product distribution in the U.S. This relationship will see the Company introducing its brands and products into select states where medical and/or recreational cannabis is legal, or soon expected to be, focusing initially in Michigan, Missouri, West Virginia, and California. “Entering the U.S. cannabis market with a clear path and strong partner is a pivotal and transformational moment for Heritage,” stated David Schwede, President of Heritage.

Mmp News Author, Medical Marijuana Program Connection, 04/07/2021 21:56:00

Open article: https://mmpconnect.com/heritage-cannabis-set-to-initiate-u-s-product-launch-through-relationship-with-merida-capital-holdings/