Hero Technologies (OTC: HENC), a cannabis company focused on a seed-to-sale vertical integration strategy, is planning to use a 10-acre property in Vassar Township, Michigan, as its base of cannabis operations in the state. According to the announcement, HENC entered into a purchase agreement for the property, which is already zoned as part of a cannabis industrial park, is ideal for distribution because of its central location and supports the required infrastructure, including greenhouses, for growing cannabis; HENC is planning to use the property for both indoor and outdoor growing as well as end-to-end processing operations. Vassar permits cannabis companies to build facilities needed for cultivating, processing, testing, provisioning and transporting legal marijuana. In addition, Hero Technologies subsidiary BlackBox Systems and Technologies LLC has already prequalified for state approval of adult and medicinal-use cannabis licenses. “We expect Michigan to drive company growth, as we already have state licensing preapproval in place and sales of legal cannabis are increasing rapidly in the state-to around $2.8 billion this year,” said Hero Technologies CEO Gina Serkasevich in the press release. “We were looking for a base of operations in Michigan that was receptive to cannabis companies, supportive of every stage of cannabis cultivation and sales, centrally located for distribution and cost effective. Vassar checked every box for us.”
To view the full press release, visit https://ibn.fm/I2eKk
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. 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 multistate operator (“MSO”). For more information about the company, please visit www.HeroTechnologiesInc.com.
NOTE TO INVESTORS: The latest news and updates relating to HENC are available in the company’s newsroom at https://ibn.fm/HENC
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