NetworkNewsBreaks – Hero Technologies (HENC) Ann
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Posted On: 09/27/2021 4:08:14 PM
NetworkNewsBreaks – Hero Technologies (HENC) Announces Subsidiary Receive Key Approval for Cannabis Licenses
Hero Technologies (OTC: HENC), a cannabis company, and its subsidiary BlackBox Systems and Technologies LLC, has received step 1 prequalification approval for a class C adult-use cannabis license in the state of Michigan. The company also fulfilled the requirements for step 1 prequalification approval to receive a class C medicinal use cannabis license in Michigan. With these steps taken, the company now plans to start the process for step 2 establishment use or full license approval for a newly constructed medical marijuana facility. According to the announcement, once Hero Technologies completes step 2 with the Michigan Marijuana Regulatory Agency (“MRA”), it has already obtained approval from the township of Pulaski for three class C medicinal use cannabis licenses. When the company completes construction on the planned greenhouses and obtains a certificate of occupancy, along with a final MRA inspection, final approval and licensing for both medicinal and adult-use licenses will be granted. “Michigan’s two-step marijuana licensing process is one of the toughest in the country, and passing the scrutiny of state regulators for license prequalification should give our shareholders great confidence in our Michigan business plan,” said Hero Technologies CEO Gina Serkasevich in the press release. “The state of Michigan is also one of the fastest-growing cannabis markets in the nation, with monthly sales approaching $150 million in only the second year of legal operations, so our shareholders should also be excited about our near-term prospects for rapid growth.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Hero Technologies (OTC: HENC), a cannabis company, and its subsidiary BlackBox Systems and Technologies LLC, has received step 1 prequalification approval for a class C adult-use cannabis license in the state of Michigan. The company also fulfilled the requirements for step 1 prequalification approval to receive a class C medicinal use cannabis license in Michigan. With these steps taken, the company now plans to start the process for step 2 establishment use or full license approval for a newly constructed medical marijuana facility. According to the announcement, once Hero Technologies completes step 2 with the Michigan Marijuana Regulatory Agency (“MRA”), it has already obtained approval from the township of Pulaski for three class C medicinal use cannabis licenses. When the company completes construction on the planned greenhouses and obtains a certificate of occupancy, along with a final MRA inspection, final approval and licensing for both medicinal and adult-use licenses will be granted. “Michigan’s two-step marijuana licensing process is one of the toughest in the country, and passing the scrutiny of state regulators for license prequalification should give our shareholders great confidence in our Michigan business plan,” said Hero Technologies CEO Gina Serkasevich in the press release. “The state of Michigan is also one of the fastest-growing cannabis markets in the nation, with monthly sales approaching $150 million in only the second year of legal operations, so our shareholders should also be excited about our near-term prospects for rapid growth.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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