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Heritage Cannabis and Empower Clinics getting ready to begin manufacturing CBD oil in the US

It had ordered and installed extraction and post-production equipment units at Empower’s hemp processing facility in Sandy

cbd oil and flower
The two companies are advancing a joint venture to extract hemp for CBD oil production and formulated CBD products

Heritage Cannabis Holdings Corp (CSE:CANN) (OTCMKTS:HERTF) and Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) are moving closer to manufacturing hemp-based product in the US. 

The two companies are advancing a joint venture to extract hemp for CBD oil production and formulated CBD products as part of an agreement signed in September 2019. 

Toronto-based Heritage said it had ordered and installed extraction and post-production equipment units at Empower’s hemp processing facility in Sandy, Oregon.

READ: Heritage Cannabis and Empower Clinics team up to produce CBD oils and formulations

Downstream equipment is also being installed, including gel cap processing, tincture bottle and vape cartridge filling, and labelling, packaging, storage and shipping services for the companies to offer full service, end-to-end products to third parties.

The products will then be used in proprietary formulations, tolling services and third-party white labelling services for distributors throughout the US, to be distributed through Empower’s network of clinics in Oregon and Arizona. Together with an online presence at sunvalleyhealth.com, Empower’s network currently has access to over 165,000 patients.

"Having the backing of an experienced partner with the financial strength of Heritage Cannabis is proving to be so beneficial for the development of our first extraction facility,” said Steven McAuley, Empower’s CEO.

"Together, we have already identified numerous opportunities to bring new orders to the JV facility, ensuring we leverage the capacity we are building."

"We are very pleased to be advancing our US strategy through this mutually beneficial partnership with Empower, which provides Heritage ease of access to the world's largest cannabis market,” said Clint Sharples, CEO of Heritage.

"The installation of extraction units is the next phase of the JV and another step toward successfully furthering our growth strategies."

Heritage is a holding company with four unique, synergistic businesses under its umbrella that run the gamut from extraction to production.

Empower is a leading multi-state operator of a network of physician-staffed wellness clinics, focused on helping patients improve and protect their health, through innovative physician-recommended treatment options.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Heritage Cannabis Holdings Corp.

Price: 0.145 CAD

CSE:CANN
Market: CSE
Market Cap: $68.69 m
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