they actually believe this shit lol
ya gotta love how they add it all up HAHAHAHAHAHA morons fools idiots...
classic
Heritage Cannabis Holdings Corp
CANN:CNX
Midas Letter
The Digital Businesss Channel for Cannabis, Crypto and Technology Stocks.
Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.
Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.
Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.
https://midasletter.com/podcast-pla...s-corp-cnsxcann-continuous-revenue-growth.mp3
Download file | Play in new window
Heritage Cannabis Holdings Corp (CNSX:CANN) (OTCMKTS:HERTF) (FRA:2UE) President Clint Sharples believes the company is beginning to look like an industry leader. In October, the company completed a definitive agreement to acquire CannaCure Corporation. In addition, Heritage Cannabis has three subsidiaries with licenses for production or extraction. Heritage has purchased 10,000 kilos of CBD concentrate, which it plans to sell to international markets at $40 per gram of CBD, potentially creating $40 million in revenue. Heritage is looking to partner with an EU GMP certified company and is also working with Canadian micro-cultivators to produce Heritage’s feed stock. Heritage is on target for continual revenue growth and 2019 revenue projections show the company being EBITDA-positive by the end of next year.
Transcript:
James West: My guest this segment is returning for, I believe, the third time: Clint Sharples, President, Chairman and Director of Heritage Cannabis Holdings Corp., trading on the CSE under the symbol CANN. Clint, welcome back.
Clint Sharples: Thanks. Great to be here again.
Heritage Cannabis Holdings Corp. (CANN:CNX)
$ 0.185-0.005 | -2.63%
Volume:
Created with Highstock 5.0.7PriceVolumeFrequency:10MNov 26Nov 290.180.20.1750240k
James West: Yeah, so Clint, this company, Heritage Cannabis, is starting to take the form of a large-scale LP, and full disclosure, I own shares, I am likely going to be helping you on the marketing side, but I continue to accumulate shares because I see Heritage Cannabis as potentially becoming a very successful company based on what you’re doing. So let’s start with an overview of all the parts that make up Heritage right now.
Clint Sharples: Sure. I’m not sure about large-scale, but we’re definitely aiming for mid-tier category or status in this Canadian cannabis market. If you remember the first time I was here, we had 75 percent of one late-stage applicant at the time, and a company called Fiomed out in Falkland, British Columbia. Fiomed got their license in July of this year, and has progressed and moved forward with building additional greenhouses, and now is taking a second step into extraction along with another deal we’re doing.
How you came to become a large shareholder of Heritage is, we completed an acquisition of CannaCure Corp., based in Fort Erie here near Niagara Falls. CannaCure, what it gave to us was a very large facility with a lot of options that can be had inside 122,000 square feet; the current (unintelligible) with their, with the cannabis that they’re growing right now, is one great section, but our expansion plans are pretty – are going to be pretty fun. We have some nice things planned there.
And then the third thing that we’re just in the process of completing, if I have a good day today, it’ll be done; if not, it’ll likely be completed next week, is finishing our definitive agreement with Pure Pharma. Pure Pharma is an extraction company based out of Kelowna, British Columbia; a group of guys who have been doing extraction for years, and are extremely good at what they do. They put out some fantastic products in the past, and we’re looking at taking their knowledge and their expertise, particularly in how they do things. They have a unique process, a unique set up, that we can take that, expand it into our CannaCure facility here in Ontario, and also expand it with Fiomed out in British Columbia.
So they have the two LPs – CannaCure got its LP here in October – so now Heritage has two subsidiaries, both with LPs. We’ll have a third who focuses on extraction, and that extraction will happen both out in British Columbia and here in Ontario.
James West: Okay. So you’ve got, besides that, I saw a press release recently where you’re taking delivery of a large crop of hemp. So the thing that, you know, sort of made me pause about talking about the company at this point was that, you know, it’s going to be a little bit of time before you start producing product and getting it into the market; but turns out that you’ve actually got product on the way that’s going to be extracted by, I’m assuming, this deal finishes with Pure Pharma, and your’e going to have product available, December?
Clint Sharples: It’ll be a little bit later than that; probably late January, early February. We do need some licenses in order to complete that. But yeah, there’s an absolute monstrous amount of hemp coming our way. Part of what Pure Pharma had that was really interesting to us was a long-term agreement with 1,600 acres – you think about that in terms of size, that’s a massive amount of hemp that’s currently harvested in Saskatchewan, being dried, being processed, and will be shipped into our facilities both in British Columbia and Ontario, once we’re set up to receive them.
James West: Yield of biomass per acre, roughly?
Clint Sharples: It depends on the strain, right now. They have a couple of different strains, but you can probably be safe somewhere in the 50 kilogram range per acre.
James West: Okay, so 1,600 times 50 kilograms is 80,000 kilograms. Now, 80,000 kilograms takes roughly a ratio of 6 to 1 to create extract from that?
Clint Sharples: Yeah. Again, it depends on what you’re producing, and how efficient it is. Internally, we use the numbers 8 to 1; we’re always conservative with what we do. But yeah, when you look at, that’s 10,000 kilograms of oil.
James West: Yeah, so 10,000 kilograms of CBD concentrate, exactly!
Clint Sharples: [laughter]
James West: And now, what’s the going price for CBD concentrate?
Clint Sharples: That’s a good question, too. Because the market right now, twofold, number one, is just getting set up, and legalized, I should say, people are kind of feeling their way around in the dark. That’s one. Two is, scarcity of this product is unbelievable. We have no end of demand for producing this product; again, once we get licensed and can properly sell it, we’re internally budgeting somewhere in the neighbourhood of about $40 a gram.
James West: Per gram? Not kilogram?
Clint Sharples: Not kilogram, but we believe we can possibly get more, particularly internationally.
James West: So, $40,000 a kilogram.
Clint Sharples: Yeah.
James West: So $40,000 times 10,000 kilograms biomass…unlike mining, where you can’t actually extrapolate what the value of this stuff is because you’ve got to dig it out of the ground, this stuff is already harvested, all you’ve got to do is extract it, 10,000 kilograms times 40,000 – I mean, I just love that math. $400 million.
Clint Sharples: Well, actually, it’s $40 million –
James West: 40 million, sorry.
Clint Sharples: But yeah.
James West: See, I’m already trying to promote myself.
Clint Sharples: I’m good with 400 million, I’ll take that.
ya gotta love how they add it all up HAHAHAHAHAHA morons fools idiots...
classic

Heritage Cannabis Holdings Corp
CANN:CNX
Midas Letter
The Digital Businesss Channel for Cannabis, Crypto and Technology Stocks.
Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.
Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.
Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.
https://midasletter.com/podcast-pla...s-corp-cnsxcann-continuous-revenue-growth.mp3
Download file | Play in new window
Heritage Cannabis Holdings Corp (CNSX:CANN) (OTCMKTS:HERTF) (FRA:2UE) President Clint Sharples believes the company is beginning to look like an industry leader. In October, the company completed a definitive agreement to acquire CannaCure Corporation. In addition, Heritage Cannabis has three subsidiaries with licenses for production or extraction. Heritage has purchased 10,000 kilos of CBD concentrate, which it plans to sell to international markets at $40 per gram of CBD, potentially creating $40 million in revenue. Heritage is looking to partner with an EU GMP certified company and is also working with Canadian micro-cultivators to produce Heritage’s feed stock. Heritage is on target for continual revenue growth and 2019 revenue projections show the company being EBITDA-positive by the end of next year.
Transcript:
James West: My guest this segment is returning for, I believe, the third time: Clint Sharples, President, Chairman and Director of Heritage Cannabis Holdings Corp., trading on the CSE under the symbol CANN. Clint, welcome back.
Clint Sharples: Thanks. Great to be here again.
Heritage Cannabis Holdings Corp. (CANN:CNX)
$ 0.185-0.005 | -2.63%
Volume:
Created with Highstock 5.0.7PriceVolumeFrequency:10MNov 26Nov 290.180.20.1750240k
James West: Yeah, so Clint, this company, Heritage Cannabis, is starting to take the form of a large-scale LP, and full disclosure, I own shares, I am likely going to be helping you on the marketing side, but I continue to accumulate shares because I see Heritage Cannabis as potentially becoming a very successful company based on what you’re doing. So let’s start with an overview of all the parts that make up Heritage right now.
Clint Sharples: Sure. I’m not sure about large-scale, but we’re definitely aiming for mid-tier category or status in this Canadian cannabis market. If you remember the first time I was here, we had 75 percent of one late-stage applicant at the time, and a company called Fiomed out in Falkland, British Columbia. Fiomed got their license in July of this year, and has progressed and moved forward with building additional greenhouses, and now is taking a second step into extraction along with another deal we’re doing.
How you came to become a large shareholder of Heritage is, we completed an acquisition of CannaCure Corp., based in Fort Erie here near Niagara Falls. CannaCure, what it gave to us was a very large facility with a lot of options that can be had inside 122,000 square feet; the current (unintelligible) with their, with the cannabis that they’re growing right now, is one great section, but our expansion plans are pretty – are going to be pretty fun. We have some nice things planned there.
And then the third thing that we’re just in the process of completing, if I have a good day today, it’ll be done; if not, it’ll likely be completed next week, is finishing our definitive agreement with Pure Pharma. Pure Pharma is an extraction company based out of Kelowna, British Columbia; a group of guys who have been doing extraction for years, and are extremely good at what they do. They put out some fantastic products in the past, and we’re looking at taking their knowledge and their expertise, particularly in how they do things. They have a unique process, a unique set up, that we can take that, expand it into our CannaCure facility here in Ontario, and also expand it with Fiomed out in British Columbia.
So they have the two LPs – CannaCure got its LP here in October – so now Heritage has two subsidiaries, both with LPs. We’ll have a third who focuses on extraction, and that extraction will happen both out in British Columbia and here in Ontario.
James West: Okay. So you’ve got, besides that, I saw a press release recently where you’re taking delivery of a large crop of hemp. So the thing that, you know, sort of made me pause about talking about the company at this point was that, you know, it’s going to be a little bit of time before you start producing product and getting it into the market; but turns out that you’ve actually got product on the way that’s going to be extracted by, I’m assuming, this deal finishes with Pure Pharma, and your’e going to have product available, December?
Clint Sharples: It’ll be a little bit later than that; probably late January, early February. We do need some licenses in order to complete that. But yeah, there’s an absolute monstrous amount of hemp coming our way. Part of what Pure Pharma had that was really interesting to us was a long-term agreement with 1,600 acres – you think about that in terms of size, that’s a massive amount of hemp that’s currently harvested in Saskatchewan, being dried, being processed, and will be shipped into our facilities both in British Columbia and Ontario, once we’re set up to receive them.
James West: Yield of biomass per acre, roughly?
Clint Sharples: It depends on the strain, right now. They have a couple of different strains, but you can probably be safe somewhere in the 50 kilogram range per acre.
James West: Okay, so 1,600 times 50 kilograms is 80,000 kilograms. Now, 80,000 kilograms takes roughly a ratio of 6 to 1 to create extract from that?
Clint Sharples: Yeah. Again, it depends on what you’re producing, and how efficient it is. Internally, we use the numbers 8 to 1; we’re always conservative with what we do. But yeah, when you look at, that’s 10,000 kilograms of oil.
James West: Yeah, so 10,000 kilograms of CBD concentrate, exactly!
Clint Sharples: [laughter]
James West: And now, what’s the going price for CBD concentrate?
Clint Sharples: That’s a good question, too. Because the market right now, twofold, number one, is just getting set up, and legalized, I should say, people are kind of feeling their way around in the dark. That’s one. Two is, scarcity of this product is unbelievable. We have no end of demand for producing this product; again, once we get licensed and can properly sell it, we’re internally budgeting somewhere in the neighbourhood of about $40 a gram.
James West: Per gram? Not kilogram?
Clint Sharples: Not kilogram, but we believe we can possibly get more, particularly internationally.
James West: So, $40,000 a kilogram.
Clint Sharples: Yeah.
James West: So $40,000 times 10,000 kilograms biomass…unlike mining, where you can’t actually extrapolate what the value of this stuff is because you’ve got to dig it out of the ground, this stuff is already harvested, all you’ve got to do is extract it, 10,000 kilograms times 40,000 – I mean, I just love that math. $400 million.
Clint Sharples: Well, actually, it’s $40 million –
James West: 40 million, sorry.
Clint Sharples: But yeah.
James West: See, I’m already trying to promote myself.
Clint Sharples: I’m good with 400 million, I’ll take that.