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CannabisNewsBreaks – Hero Technologies Inc. (HENC) Moves to Purchase Property for Michigan-Based Cannabis Operations

Company: Hero Technologies (HENC)
Category: News

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.”

To view the full press release, visit https://cnw.fm/FYSDI

About Hero Technologies Inc.

Hero Technologies 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. Hero Technologies’ 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 multistate operator (“MSO”). For more information about the company, visit www.HeroTechnologiesInc.com.

NOTE TO INVESTORS: The latest news and updates relating to HENC are available in the company’s newsroom at https://cnw.fm/HENC

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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