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Heritage Cannabis Enters Joint Venture with Cannahive Inc. to Produce Edible Cannabis Infused Products

Heritage Cannabis Holdings Corp. (CSE:CANN) (CNSX:CANN.CN) (OTC:HERTF), today announced that it has signed a term sheet to enter into a two-year joint venture with Cannahive Inc., with an option to renew for additional one-year terms. The joint venture will be formed to produce cannabis infused edible products under Heritage’s brands to be sold to the […]

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Heritage Cannabis Holdings Corp. (CSE:CANN) (CNSX:CANN.CN) (OTC:HERTF), today announced that it has signed a term sheet to enter into a two-year joint venture with Cannahive Inc., with an option to renew for additional one-year terms. The joint venture will be formed to produce cannabis infused edible products under Heritage’s brands to be sold to the provincial and territorial boards as well as licensed retailers in Canada.

Cannahive provides experienced manufacturing management services and will contribute a portfolio of intellectual property and processing patents for pharma-grade commercial manufacturing of edible cannabis products.

The Joint Venture will operate at CannaCure, Heritage’s existing Health Canada licensed facility in Fort Erie, Ontario (“CannaCure”), where CannaCure will provide the facilities, warehousing, quality assurance and other required services, and Cannahive will provide all production and packaging equipment as well as all ongoing equipment maintenance. Proceeds from the joint venture will be equally shared between the parties after the payment of all direct costs incurred.

The Joint Venture will begin with utilizing Cannahive’s formulations for the production of gummies and chocolates, while CannaCure will provide the cannabis oil for all products.

“With our vape cartridge and tincture products hitting the shelves in BC, Alberta and Manitoba in the coming weeks, the Joint Venture with Cannahive is a low cost, low risk approach for Heritage to enter the next phase of our cannabis 2.0 strategy,” stated Clint Sharples, CEO of Heritage. “We are excited to be launching our edibles product vertical with the backing of the Cannahive team who has the talent and experience to make this next phase of Heritage’s strategy successful.”

The Joint Venture is expected to be formed by the end of September 2020.

About Heritage Cannabis Holdings Corp.

Heritage Cannabis Holdings Corp. is a vertically integrated cannabis company that owns two Health Canada approved licenced producers, Voyage Cannabis Corp. and CannaCure Corp., both of which also have industrial hemp licenses. Additionally, Voyage recently received its sales license from Health Canada, and the Company will be launching its own products in the BC, AB, and MB markets in summer 2020, with other provinces to follow. Working under its licenses, Heritage has two additional subsidiaries, Purefarma Solutions, that provides extraction services, and a Medical Services Division which is focused on cannabis based medical solutions. Heritage as the parent company, provides the synergies and resources for its subsidiaries to advance their medical and adult use products and services both domestically and internationally.

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

“Clint Sharples”

Clint Sharples

CEO

For more information contact:

Clint Sharples

Tel: 416-705-8529

csharples@heritagecann.com

or

Kelly Castledine

Tel: 647-660-2560

kcastledine@heritagecann.com

The Canadian Stock 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”. The forward-looking information contained herein may include, but is not limited to, assumptions related to cash flow and capital resources, and expectations related to the supply and manufacturing agreements, the intended expansion of the Company, and partnerships and Joint Venture Partnerships.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements.

An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading “Risks and Uncertainties” Factors” in the Company’s annual management discussion and analysis for the year ended October 31, 2019 and dated February 28, 2020, as well as the interim management discussion and analysis for the quarter ended April 30, 2018 and dated June 29, 2020. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.

Copyright (c) 2020 TheNewswire – All rights reserved.

Source: https://technical420.com/cannabis-article/heritage-cannabis-enters-joint-venture-with-cannahive-inc-to-produce-edible-cannabis-infused-products/

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Our Guide to the 10 Best CBD Oil for Dogs

Does CBD oil work to calm stressed dogs as well as to relieve their pains? This post helps answer that question.

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Source: https://www.cbdschool.com/best-cbd-oil-for-dogs/?utm_source=rss&utm_medium=rss&utm_campaign=best-cbd-oil-for-dogs

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3 Cannabis-Infused Hot Chocolate Recipes

5 Cannabis-Infused Hot Chocolate Recipes There’s nothing more satisfying than a hot chocolate on a cold day, am I right? Today, we’re getting decadent with 3 Cannabis-Infused Hot Chocolate Recipes. I grew up on hot chocolate. We had bitter-cold winter nights in Canada and living on our tobacco farm, in the middle of nowhere. Hot […]

The post 3 Cannabis-Infused Hot Chocolate Recipes appeared first on Cannadish.

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5 Cannabis-Infused Hot Chocolate Recipes

There’s nothing more satisfying than a hot chocolate on a cold day, am I right? Today, we’re getting decadent with 3 Cannabis-Infused Hot Chocolate Recipes.

I grew up on hot chocolate. We had bitter-cold winter nights in Canada and living on our tobacco farm, in the middle of nowhere.

Hot chocolate was a special treat in my house, especially in a chilly farm-house where the wind howled through the cracks on the doors and windows.

Warming up with a hot cup made everything alright in the world, and that first sip?

Perfection.

Now, as an adult, I can enjoy the same things I did as a child but as you’ll read today, with a decadent Cannabis twist!

Sometimes, just sometimes, it’s fun being an adult!

Often times I play with weed recipes to find something new and today I’m sharing them with you so that the next time you sit down to enjoy a steamy mug, you’ll have plenty of options to keep it interesting.

Keep reading to discover 3 cannabis-infused hot chocolate recipes that’ll leave you wanting more and more!

Getting Started with Your Cannabis-Infused Hot Cocoa

The very first, and arguably the most important, ingredient you will need in order to make and enjoy the marijuana-infused hot chocolate recipes is canna milk.

It’s milk that’s very easy to make, and you’ll want to have enough on hand to make your hot cocoa.

Cannamilk takes a few hours to prepare, but it does keep in the fridge for as long as your milk is fresh.

You could prepare a larger batch and have it ready for the next time you want to enjoy some cannabis hot cocoa or any other yummy edible recipes that call for this ingredient.

If you’re vegan or can’t do dairy, you can substitute the milk with a combo of coconut milk and coconut cream that is full-fat.

How to Make Cannamilk

Cannabis infused milk (cannamilk)

4.67 from 3 votes

Prep Time: 30 minutes

Total Time: 30 minutes

Cuisine: European

Keyword: Cannabis, Milk

Calories: 200kcal

THC: 700mg THC

  • Decarboxylate your weed by spreading your cannabis evenly on an oven tray And coat with aluminum foil.

  • Place in the oven on 240F/115C for 40 minutes, and then let it cool.

  • Grind your cannabis or chop it fine

  • Place 4 cups of whole milk in a pan on low heat. Add cannabis and let simmer on low heat for 60/90 minutes without it ever coming to a boil.

  • Strain through a cheesecloth

  • Let it cool

Calories: 200kcal | Fat: 20g

1. Salty-Sweet Classic Cannabis Hot Cocoa

cannabis-hot-chocolate

Salty & Sa-weet!

0 from 0 votes

Prep Time: 2 minutes

Cook Time: 5 minutes

Course: Drinks

Keyword: hotcocoa

Servings: 2 people

Author: Steph Van De Ven

Cost: 10-20

  • Saucepan

  • Oven

  • Whisk

  • 8  squares of 80%+ dark chocolate
  • 1 tsp Himalayan Salt
  • 1/4 cup Brown Sugar
  • 1/3 cup Boiling Water
  • 1 dash Vanilla extract
  • 1/4 cup half-and-half cream or non-dairy creamer
  • 1/4 cup Cannabis Milk
  • Mix together the sugar, salt, and cocoa powder in a small bowl. Then, in a medium saucepan on medium heat, add your boiling water and squares of dark chocolate. Gently whisk chocolate squares around until they melt.
  • Add in your dry ingredients: the sea salt, brown sugar, and cocoa powder and whisk them with the hot water and melted chocolate.

  • Whisk in your cream and cannamilk. Raise the heat and whisk vigorously until the mixture is steaming but not boiling.

  • Remove the mixture from the heat, stir in your vanilla extract, pour your hot cocoa into a mug and enjoy.

2. Black Cherry Bourbon and Cannabis Hot Cocoa

hot-chocolate-with-canabis

SO Good!

0 from 0 votes

Prep Time: 2 minutes

Cook Time: 5 minutes

Course: Drinks

Keyword: Cannabis Milk

Author: Steph Van De Ven

Cost: 20-25

  • Stove

  • Saucepan

  • Whisk

  • Mixing bowl – small

  • 3 cup milk or a non-dairy milk alternative
  • 1/8 cup  boiling water
  • 1/2 cup Cannabis mlik
  • 8 Squares Dark Chocolate – 75% +
  • 1/4 cup Unsweetened Cocoa Powder
  • 4 oz Black Cherry Bourbon
  • 1/4 cup Brown sugar
  • Combine brown sugar and cocoa powder in a mixing bowl , set aside

  • In your saucepan, add in your boiling water and squares of dark chocolate and the heat to medium. With a whisk, stir the chocolate around until it melts and dissolves into the boiling water. Add in your cocoa powder and brown sugar and continue to whisk.

  • On a low to medium heat, add your milk or non-dairy alternative and your cannamilk. Whisk vigorously until the mixture is steaming but not boiling.

  • Take the saucepan away from the heat and set it aside. Add 1 oz. of the bourbon into every cup that you intend to serve hot chocolate with.

  • Enjoy!

3. Nutella Cannabis Hot Cocoa

weed-hot-chocolate

Hazelnut Heaven!

0 from 0 votes

Prep Time: 2 minutes

Cook Time: 5 minutes

Course: Drinks

Keyword: Cannabis Milk

Servings: 24 people

Cost: 10-15

  • Stove

  • Saucepan

  • Whisk

  • Small Mixing Bowl

  • Spoon

  • 3 cups Milk
  • 1/2 cup Cannabis Milk
  • 6-8 tbsp Nutella Depends on your love of Nutella!
  • 1 handful Marshmallows Garnish
  • 1 Dollop Whipped cream Load it up!
  • 1 bottle Chocolate Syrup to drizzle on top
  • 1/2 cup Choped hazelnuts to sprinkle on top
  • In a medium saucepan, combine milk or a non-dairy alternative, cannamilk, and Nutella. Set the stove on medium heat and whisk vigorously until the liquid is steaming and hot but not boiling. Once it reaches this point, remove from the heat.

  • Pour the hot cocoa in mugs and top the cups off with whipped cream, marshmallows, chocolate syrup drizzle and hazelnuts for an added garnish.

If you’re starting to cook with Cannabis, or you are a seasoned Canna-Chef, check out more recipes here.

For great ideas, pairings and cooking products, check out these products.

Source: https://www.cannadish.net/3-cannabis-infused-hot-chocolate-recipes/

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Is M&A Going To Heat Up In The Cannabis Sector With U.S. Federal Legalization Right Around The Corner?

During the last few years, there has been increased consolidation in the cannabis industry and we have identified trends over the course of this time period. The first wave of acquisitions started in Canada and this trend lasted several years. This wave of acquisitions still ranks as some of the most expensive transactions and was […]

The post Is M&A Going To Heat Up In The Cannabis Sector With U.S. Federal Legalization Right Around The Corner? appeared first on Technical420.

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During the last few years, there has been increased consolidation in the cannabis industry and we have identified trends over the course of this time period.

The first wave of acquisitions started in Canada and this trend lasted several years. This wave of acquisitions still ranks as some of the most expensive transactions and was highlighted by Aurora Cannabis Inc. (ACB.TO) (ACB) acquired two Licensed Producers for a combined price that was greater than $7 billion.

The second wave of acquisitions took place in 2018 and 2019 and was primarily related to US cannabis retailers. Since cannabis is illegal at the federal level in the US, these transactions took much long to complete (when compared to Canada) and many of the deals were scrapped due to plunging stock prices. The most significant failed acquisition in this vertical was MedMen Enterprises’ (MMEN.CN) (MMNNF) deal to purchase Pharmacann. After this transaction was called off, MedMen has come under considerable pressure and was assigned a $0 price target from Canaccord Genuity (CF.TO).

From an acquisition standpoint, 2020 has been a slower than normal year for the cannabis sector. Companies are being much more strategic when it comes to acquiring or investing in businesses that could be complementary or accretive in nature.

One of the more interested trends that we have identified with the cannabis M&A market is related to the types of businesses that are being purchased. Previously, cannabis companies were focused on acquiring assets that would increase production capacity, improve brand awareness, or expand into a different vertical.

In the current market environment, technology is playing a much larger role in M&A activity and we consider this to be the third wave of acquisitions. In this phase, we believe that companies are focused on purchasing businesses that can lead to margin expansion, positive cash flow generation, or improved profitability.

One of the best examples of this is the merger between Stem Holdings Inc. (STEM.CN) (STMH) and Driven Deliveries Inc. (DRVD). The companies operate completely different businesses and are levered to different parts of the cannabis value chain. We consider the merger to be strategic in nature and expect the combined company to record stronger revenue growth, margin expansion, and positive adjusted EBITDA.

Stem Holdings owns cannabis assets that are located in strategic US markets. Driven utilizes a state-of-the-art delivery platform to service the California cannabis market. The combined company can use Driven’s technology to capitalize on cannabis delivery opportunity in the markets that Stem is levered to and are bullish on the potential value that can be created through this strategy.

At current levels, the combined company is trading at a considerable discount to its peers and we believe that it has a compelling valuation. Due to the technology side of the business, the combined company should be valued at a higher multiple and we believe that the market is missing out on something significant with it.

If you look at the performance of other cannabis companies that have acquired tech assets, you will notice a positive trend after an initial period of weakness. We are not sure if this is the case with Stem Holdings and Driven but are bullish on the long-term opportunity that is associated with the combined company.

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

Source: https://technical420.com/cannabis-article/is-ma-going-to-heat-up-in-the-cannabis-sector-with-u-s-federal-legalization-right-around-the-corner/

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