Annual
cannabis sales
in Colorado grew 25%
in 2020 to
record $2.2 billion
Dover, DE
-- March
11, 2021 -- InvestorsHub
NewsWire -- Hero
Technologies (OTC:
HENC) ; Twitter:
@heroicmindtech),
a
cannabis
company, focused on a
"seed-to-sale"
vertical
integration strategy, today
announced that it has
formed a
subsidiary to seek
cannabis
license, land purchase, and strategic acquisition
opportunities in the state of Colorado.
The
subsidiary, Mile High Green
LLC, is expected to ramp
up operations quickly.
Colorado
is a
well-established cannabis market—it became one of the
first
two
US
states to
legalize recreational cannabis
in
2012. Annual cannabis
sales in the state
reached a record $2.2
billion in
2020, a 25%
increase
over 2019. Since
legalization, cumulative cannabis sales in Colorado
have
now surpassed
$10 billion.
"By
establishing
another
subsidiary
to target
cannabis property
acquisitions
and
cannabis licenses, we
continue
to aggressively pursue our diversification and integration
strategy,"
said Hero Technologies' CEO Gina Serkasevich. "Colorado
is
an
obvious market for us to target for
expansion. It was exciting to see the state's cannabis
sales
soar
to $2.2 billion
in 2020—truly
an
all-time high. We will work hard to
gain market share in this important territory and participate in
its healthy growth."
About Hero
Technologies
Hero
Technologies Inc. is a
cannabis company working toward
a
vertically-integrated business
model. The company owns
a
majority stake in BlackBox Systems and Technologies
LLC, an aeroponic cannabis
cultivation system that provides optimal growing
conditions to enhance
photosynthesis and cultivation of large flowering plants, creating
increased harvest
efficiencies.
The
company's
strategic
business
plan includes cannabis genetic engineering, farmland for both
medical and recreational cannabis cultivation, production licenses,
distribution licenses, consumer
packaging, and retail and
dispensary operations
that make
the company a multi-state
operator
(MSO).
Forward-Looking Statements
This press release
contains "forward-looking statements" within the meaning of the
federal securities laws, including Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements may
include: management plans relating to the proposed project; the
expected timing of the completion of the proposed project; the
ability to complete the proposed project; any statements of the
plans and objectives of management for future operations, products
or services, including the execution of plans proposed project; any
statements of expectation or belief; projections related to certain
financial metrics; and any statements of assumptions underlying any
of the foregoing. Forward-looking statements are typically
identified by words such as "anticipate," "believe," "could,"
"estimate," "expect," "forecast," "intend," "may," "outlook,"
"plan," "project," "seek," "should," "target," "will,"
"would," "potential"
and other
similar words and expressions or negatives of these
words.
Forward-looking statements are subject to numerous assumptions,
risks and uncertainties, which change over time and are beyond our
control. Forward-looking statements speak only as of the date they
are made. Neither Hero Technologies Inc. nor its holding company or
subsidiaries assumes any duty and does not undertake to update any
forward-looking statements. Because forward-looking statements, by
their nature, are uncertain or assumptive to varying degrees,
actual results or future events could differ, possibly materially,
from those that Hero Technologies Inc., its holding company or
subsidiaries anticipated in the forward-looking statements, and
future results could differ materially from historical
performance.
Hero
Technologies Contact:
Ms. Gina
Serkasevich, CEO
(302) 538-4165 | info@herotechnologiesinc.com