NetworkNewsBreaks – Hero Technologies Inc. (HENC
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Hero Technologies (OTCQB: HENC), a cannabis company focused on a “seed-to-sale” vertical integration strategy, today announced that it has finalized a real estate purchase agreement for a 10-acre property in Vassar, Michigan. The company plans to use the property, which is zoned for cannabis use, as its base of operations in the state, including indoor and outdoor growing, processing, wholesaling, and selling directly to consumers. “We are delighted to report this important milestone in our company’s history,” said Hero Technologies’ CEO Gina Serkasevich. “Michigan is a key market for us, with legal cannabis sales expected to increase as much as 55% in 2022 to $2.8 billion, according to data from the Michigan Marijuana Regulatory Agency. Our state licensing pre-approval is in place, and we have made substantial progress in planning to deploy our proprietary cannabis cultivation system. Accordingly, we think the company is exceptionally well positioned to capitalize on the booming Michigan cannabis market and generate a well-deserved return for our investors.”
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