Heritage Cannabis expansion into U.S. takes big leap with acquisition of Bloom Brands in California
Heritage Cannabis (CSE: CANN – OTCQX: HERTF) CEO Clint Sharples joined Steve Darling from Proactive to share news the company has entered into a non-binding letter of intent to purchase all shares of California based Bloom Brands.
Sharples telling Proactive Bloom Brands does things differently in California operating a hybrid business model where brands are owned in California and licensed to partners in New Mexico, Oklahoma, Nevada, Arizona, and Washington.
Sharples says this allows a more cost-effective and rapid new market launch approach to capture early shelf space.
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