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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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.
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