2019-01-29 09:09 ET - News Release

Mr. Clint Sharples reports

HERITAGE REPORTS FIRST CANNABIS HARVEST

Heritage Cannabis Holdings Corp. has begun its first cannabis harvest at the Fort Erie location of its subsidiary, CannaCure Corp.

As previously announced on Nov. 14, 2018, CannaCure signed an agreement with CannTrust Inc., which provided the original genetics for this inaugural grow. The agreement calls for CannTrust having a right of first refusal to purchase the product from CannaCure.

"We're proud to share this important milestone with our community, stakeholders and industry partners. This harvest signals our advancement in our production objectives and our continuous growth within cannabis industry. I would like to thank our cultivation team who worked hard over these past 10 weeks, including the holidays, to ensure our first crop was a success," states Clint Sharples, chairman and interim chief executive officer. "We are on schedule to meet our 2019 production targets and expect multiple successful harvests in the coming months when CannaCure and PhyeinMed are producing at full capacity."

As a result of the success of the first harvest, CannaCure intends on rolling immediately into its second grow, utilizing the same genetics as the original crop. Plants are scheduled to be introduced into the grow room environment within the next few weeks.

About Heritage Cannabis Holdings Corp.

Heritage Cannabis is focused on becoming a vertically integrated cannabis provider that currently has two Health Canada-approved licensed producers, through its subsidiaries PhyeinMed and CannaCure, both regulated under the Cannabis Act regulations, and its subsidiary Purefarma Solutions, which will be providing extraction services within the company. Heritage is focused on advancing its scale and technology footprint to compete both domestically and internationally.

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