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Heritage Cannabis Holding Corp

HERTFOTC
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Heritage Cannabis Holding Corp (HERTF) Forecast

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Heritage Cannabis Holding Corp (OTC:HERTF) Stock Quotes, Forecast and News Summary

Heritage Cannabis Holding Corp Stock (OTC: HERTF) stock price, news, charts, stock research, profile.

Open-
Close-
Volume / Avg.0 / 147.09K
Day Range- - -
52 Wk Range0.00 - 0.02
Market Cap-
P/E Ratio-
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ExchangeOTC
RSI
0
Short Interest-
Days to Cover1

Recent News

Heritage Cannabis' Stock Plunges On Announcing Creditor Protection, Looks To Pursue Restructuring And Sales Process
Heritage Cannabis Holdings Corp. announced on Tuesday that alongside its subsidiaries it sought and obtained an order for creditor protection from the Ontario Superior Court of Justice under the Companies Creditors Arrangement Act. "The difficult but necessary decision to commence CCAA proceedings was made after careful consideration of the Company's financial position while evaluating all available alternatives and engaging in significant consultation with legal and financial advisors," the company said in a press release. The Toronto-based cannabis producer also said that BJK Holdings Ltd., its senior secured lender, made a demand to the company for payment in full of certain indebtedness owing by the Heritage Group to the lender totaling $8,421,088.87. Heritage has entered into binding agreements to sell its real estate properties in Ontario and British Columbia to BJK Developments Ltd. for a net purchase price of $9,714,475 and lease the Ontario and BC Property back from the purchaser in October. The company said at the time the purchase would be used to set off the amount owing by the company to its lender, BJK Holdings Ltd., a related entity of the purchaser, reducing the company's remaining term debt by roughly 64% to $5,256,379. The remaining term financing, as amended within a third amending agreement, has been extended through to Jan. 31, 2025. Additionally, the company said it retains its revolving line of credit of up to $5 million with BJK, which has also been extended until the same date.
Jelena Martinovic
Heritage Cannabis Co. Boosts Gross Margin Over 50% In 2023 Thanks To This Smart Move
Heritage Cannabis Holdings reported an increase in gross margin of more than 50% for the year and 628% for the quarter ended October 31, 2023. CEO David Schwede credited the company's focus on product optimization and operational efficiencies for this growth, with products like RAD vape and Adults Only brand remaining in high demand. The company saw strong growth in states like New York, Missouri, and West Virginia, with over $3.5 million in sales. While net revenue slightly dropped in Q4 2023 compared to the prior year, cost of sales decreased significantly, leading to a higher gross margin. For the full year 2023, net revenue increased, costs decreased, and the company reported lower comprehensive losses compared to the previous year. Schwede expressed optimism for continued growth in revenue and gross margin for 2024 with a focus on exploring new revenue channels in the U.S. and abroad.
Jelena Martinovic

Financials

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HERTF

FAQ

Q

How do I buy Heritage Cannabis Holding Corp (HERTF) stock?

A

You can purchase shares of Heritage Cannabis Holding Corp (OTC:HERTF) through any online brokerage.

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Q

Who are Heritage Cannabis Holding Corp (HERTF) competitors?

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There are no as such competitors for Heritage Cannabis Holding Corp.

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What is the forecast, or price target, for Heritage Cannabis Holding Corp (HERTF) stock?

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There is no analysis for Heritage Cannabis Holding Corp to provide a consensus price target.

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What is the current price for Heritage Cannabis Holding Corp (HERTF)?

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The stock price for Heritage Cannabis Holding Corp (OTC: HERTF) is $0.0014 last updated August 27, 2024 at 3:45 PM EDT.

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Does Heritage Cannabis Holding Corp (HERTF) pay a dividend?

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There are no upcoming dividends for Heritage Cannabis Holding Corp.

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When is Heritage Cannabis Holding Corp (OTC:HERTF) reporting earnings?

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Heritage Cannabis Holding Corp’s Q1 earnings are confirmed for Friday, October 4, 2024.

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Is Heritage Cannabis Holding Corp (HERTF) going to split?

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There is no upcoming split for Heritage Cannabis Holding Corp.