Canadian Cannabis Company Is Shipping 15,000 Live Resin Cartridges To Australia

Heritage Cannabis Holdings Corp. CANN HERTF has successfully shipped its first order of 15,000 units of live resin concentrate vape cartridges to an established Australian company.

The company has also received a second purchase order for an additional 15,000 units expected to ship this summer.

The CEO of Heritage, David Schwede, highlighted the company's focus on supplying cannabis globally and expanding its market share beyond Canada.

“(...) Countries outside of Canada offer additional revenue streams along with strong margins that provide lucrative opportunities for Heritage," he said.

Heritage holds import permits that allow it to enter the Australian legal cannabis market, which is projected to experience significant growth in the coming years.

According to Grandview Research, “the Australian legal cannabis market was valued at US $66.0 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 29.6% from 2023 to 2030,” reads a press release.

Price action: On Tuesday, before the market closed, HERTF shares were trading at $0.0112 per share, a 36.59% up.

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Image by El Planteo

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The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

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The Benzinga Cannabis Capital Conference is coming to Florida