CORRECTING and REPLACING Heritage Hashish Executes Time period Sheet with Merida Capital Holdings to Assist Entry into the Missouri Market in Relationship with 3Fifteen Primo Hashish

TORONTO – (BUSINESS WIRE) – Please replace the September 13, 2021 publication with the following corrected version due to several revisions.

The updated version is:


  • The funding will accelerate Heritage’s expansion into Missouri and the launch of Heritage-branded products in the state by the end of 2021

Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company”) has signed a term sheet with Merida Capital Partners IV LP and its affiliates (“Merida”) to fund its entry into the State of Missouri. Missouri’s first legal medical sale took place in October 2020, and according to the Missouri Department of Health, there are already 140 licensed pharmacies responsible for over $ 65 million in retail sales and $ 21 million in retail sales per month in the first half of 2021 July. Total retail sales in Missouri are expected to rise to $ 650 million by 2025, according to New Frontier Data. The state of Missouri passed the 100,000 patient mark in May 2021 (seven months after the initial sale), and since then, robust patient adoption trends have continued.

Previously, Heritage had announced a five-year relationship with Como Health LLC, which operates as 3Fifteen Primo Cannabis (“3Fifteen”), to enter the US market in Missouri. 3Fifteen has five pharmacy licenses, three of which are in operation and two are under construction. 3Fifteen has a manufacturing license that allows it to manufacture Heritage branded products and sell them to medical cannabis patients in Missouri.

The collaboration will provide minimum shelves for Heritage branded products in 3Fifteen pharmacies in Missouri.

“We are focused on expanding our brand offering in new high-growth markets, and with strong market growth forecast in Missouri and the support of Merida, we are confident that we can leverage 3Fifteen’s market position to achieve this,” said David Schwede, CEO of Erbe. “We see strong demand for our brands in Canada and expect a similar response in Missouri and other states with our extraction know-how and inspired branding expertise as we continue our US expansion.”

“Merida is excited to support Heritage’s expansion in the US and remains convinced that Missouri is an attractive medical market with further regulatory upside potential in the coming years,” said Max Gerard, partner at Merida Capital Holdings. “Merida expects concentrates and other derivative products to perform well in the regional markets 3Fifteen operates in – St. Louis, Columbia and Branson West. In addition, we continue to appreciate the extraction expertise that Heritage brings to the rest of our portfolio of over 60 companies. ”

About Heritage Cannabis Holdings Corp.

Heritage is a leading cannabis company providing innovative products to both the medical and recreational cannabis markets in Canada and the United States, with 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 and ArthroCBD.

About Merida Capital Holdings

Merida Capital Holdings is a private equity firm that targets fundamental growth drivers that accelerate the rapid development of the cannabis and hemp industries. Merida’s motto, Responsible Investing in the Cannabis Ecosystem, underscores its focus on governance and identifies leading cultivation technologies, products and services related to the development of cannabis and hemp as agricultural products, herbal medicines, ingredients in pharmaceutical formulations and recreational consumers. For more information, please visit or follow Merida on Twitter @meridacap.


“David Swede”

David Swede


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Forward-Looking Statements

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