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Heritage Cannabis

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Namestring
Heritage Cannabis
Legal namestring
Heritage Cannabis Holdings Corp.
Company typeenum
Public
Founded yearint
2007
Descriptiontext

Heritage Cannabis Holdings Corp. is a vertically integrated Canadian Licensed Producer headquartered in Toronto, Ontario, operating two Health Canada-approved production facilities located in British Columbia and Ontario. Founded in 2007 and publicly listed on the Canadian Stock Exchange (CSE: CANN), the company formulates, extracts, packages, and distributes a diverse assortment of medical and recreational cannabis products spanning dried flower, extracts, edibles, and topicals. Its medical product line is differentiated by patented pharmaceutical drug delivery technology backed by independent third-party data.

Heritage serves two primary customer segments: medical cannabis patients accessed through Health Canada-compliant direct registration under Part 14 of the Cannabis Regulations, and adult-use recreational consumers reached via provincial wholesale and retail distribution networks across Canada. The company also generates international revenue through product exports to jurisdictions where legally permitted. Its revenue is generated one-time through product sales, with cannabis pricing subject to provincial regulatory variation and product category.

The go-to-market is executed through a multi-brand portfolio — Pura Vida Legacy, Purefarma, RAD, Adults Only, Thrifty, Juicy Hoots, Chillbilly, and Big Steal — each targeting differentiated consumer niches (value, premium, adult-use). Marketing relies primarily on organic social (Instagram, YouTube, X, Facebook, LinkedIn), email/newsletter, and owned brand websites. The company has funded operations through a combination of debt (BJK Holdings senior secured loan, ~$19.78M) and equity lines (Obsidian Global Partners, $20M), with stated intent to expand into U.S. cannabis markets.

Short descriptiontext

Heritage Cannabis Holdings Corp. is a publicly traded Canadian Licensed Producer (CSE: CANN) operating two Health Canada-approved facilities to formulate, extract, package, and distribute medical and recreational cannabis products under multiple sub-brands, serving both medical patients via direct registration and adult-use consumers through provincial wholesale channels in Canada and select international markets.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersVancouver, Canada
HQ citystring
Vancouver
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
cannabis cultivation, medical cannabis, recreational cannabis, cannabis extraction, cannabis manufacturing
Industry3 codes
1Medical Cannabis Dispensaries
CodeCRANAFABPrimaryYes
2Adult-Use (Recreational) Cannabis Delivery & Online Ordering
CodeCRANAGAHPrimaryNo
3Cannabis Subscription & Membership Delivery Programs
CodeCRANAGAIPrimaryNo
NAICS code3 codes
  • Tobacco Manufacturing312230
  • Tobacco Manufacturing31223
  • Beverage and Tobacco Product Manufacturing312
SIC code1 code
  • Medicinal Chemicals & Botanical Products2833
Product category
Cannabis Products
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Cannabis Product Sales
TypeOne Time License
Description

Revenue generated from the sale of medical and recreational cannabis products produced under Health Canada licenses, sold domestically in Canada and exported to international markets. Products span multiple categories including extracts, edibles, topicals, and dried flower across owned brands.

heritagecann.com
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
GTM typeB2B and B2C
B2B and B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 7 records shown
1Pura Vida Legacy
Description

Cannabis brand under Heritage portfolio

heritagecann.com
+6 more records
Core offering1 text field

Heritage Cannabis is a vertically integrated Licensed Producer that cultivates, extracts, formulates, packages, and distributes medical and recreational cannabis products through two Health Canada-approved facilities. Its medical product line uses a patented pharmaceutical drug delivery technology, while its recreational assortment spans dried flower, extracts, edibles, and topicals across a multi-brand portfolio.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Heritage Cannabis is a vertically integrated Licensed Producer with two Health Canada approved facilities. The company operates a unified product portfolio consisting of multiple sub-brands (Pura Vida Legacy, Purefarma, RAD, Adults Only, Thrifty, Juicy Hoots, Chillbilly, Big Steal) that collectively offer one of Canada's most diverse medical and recreational cannabis product assortments. The company formulates, extracts, packages, and delivers cannabis products, with medical offerings based on patented pharmaceutical drug delivery technology. The sub-brands target different market segments including value (Thrifty), premium (Pura Vida Legacy), and general adult-use consumers.

Product and service1 record
1Pura Vida Legacy
Scale indicator2 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Canadian Licensed Producer with branded recreational and medical cannabis products. Comparable mid-tier LP profile competing for similar provincial retail shelf space and medical patient registrations.

TypeDirect peer
Description

Major Canadian Licensed Producer with extensive medical and recreational cannabis brands. Competes with Heritage across Canadian provincial retail and on multi-brand strategy, though at substantially larger scale.

TypeDirect peer
Description

Canadian cannabis extraction and product formulation specialist. Highly comparable to Heritage's extraction-and-formulation capabilities and contract manufacturing orientation.

TypeDirect peer
Description

Canadian greenhouse operator with a cannabis division (Pure Sunfarms) producing branded flower and extracts. Comparable as a vertically integrated producer leveraging existing cultivation infrastructure.

TypeDirect peer
Description

Canadian Licensed Producer with vertically integrated cultivation and production across medical and recreational channels. Direct competitor to Heritage in Canadian retail and export markets.

TypeDirect peer
Description

Canadian Licensed Producer specializing in cannabis extraction and derivative products (oils, capsules, topicals). Overlaps with Heritage's extraction technology and white-label positioning.

TypeDirect peer
Description

Canadian Licensed Producer with branded cannabis products across dried flower, pre-rolls, and extracts. Operates as a vertically integrated producer similar to Heritage's model.

TypeDirect peer
Description

Canadian cannabis company focused on branded consumer products, cultivation, and processing. Direct comparable in product breadth and Canadian provincial distribution focus.

TypeDirect peer
Description

One of the largest Canadian Licensed Producers with a multi-brand portfolio spanning medical, recreational, and international markets. Directly comparable vertically integrated model with cultivation, extraction, and branded product sales.

TypeEmerging player
Description

US- and Canada-focused multi-state cannabis operator with branded medical and recreational products. Comparable multi-brand, multi-jurisdiction strategy relevant to Heritage's international expansion ambitions.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds6 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Heritage Cannabis

Cannabis Productsheritagecann.com

Heritage Cannabis Holdings Corp. is a publicly traded Canadian Licensed Producer (CSE: CANN) operating two Health Canada-approved facilities to formulate, extract, package, and distribute medical and recreational cannabis products under multiple sub-brands, serving both medical patients via direct registration and adult-use consumers through provincial wholesale channels in Canada and select international markets.

What Heritage Cannabis does

Heritage Cannabis Holdings Corp. is a vertically integrated Canadian Licensed Producer headquartered in Toronto, Ontario, operating two Health Canada-approved production facilities located in British Columbia and Ontario. Founded in 2007 and publicly listed on the Canadian Stock Exchange (CSE: CANN), the company formulates, extracts, packages, and distributes a diverse assortment of medical and recreational cannabis products spanning dried flower, extracts, edibles, and topicals. Its medical product line is differentiated by patented pharmaceutical drug delivery technology backed by independent third-party data.

Heritage serves two primary customer segments: medical cannabis patients accessed through Health Canada-compliant direct registration under Part 14 of the Cannabis Regulations, and adult-use recreational consumers reached via provincial wholesale and retail distribution networks across Canada. The company also generates international revenue through product exports to jurisdictions where legally permitted. Its revenue is generated one-time through product sales, with cannabis pricing subject to provincial regulatory variation and product category.

The go-to-market is executed through a multi-brand portfolio — Pura Vida Legacy, Purefarma, RAD, Adults Only, Thrifty, Juicy Hoots, Chillbilly, and Big Steal — each targeting differentiated consumer niches (value, premium, adult-use). Marketing relies primarily on organic social (Instagram, YouTube, X, Facebook, LinkedIn), email/newsletter, and owned brand websites. The company has funded operations through a combination of debt (BJK Holdings senior secured loan, ~$19.78M) and equity lines (Obsidian Global Partners, $20M), with stated intent to expand into U.S. cannabis markets.

Heritage Cannabis firmographics

Firmographics
Name
Heritage Cannabis
Legal name
Heritage Cannabis Holdings Corp.
Website
https://heritagecann.com
Company type
Public
Founded year
2007
Operating status
Operating
Headcount range
51–100 employees
Short description
Heritage Cannabis Holdings Corp. is a publicly traded Canadian Licensed Producer (CSE: CANN) operating two Health Canada-approved facilities to formulate, extract, package, and distribute medical and recreational cannabis products under multiple sub-brands, serving both medical patients via direct registration and adult-use consumers through provincial wholesale channels in Canada and select international markets.
Ownership category
akta.pro rank

Heritage Cannabis industry classification

Industry
Product category
Cannabis Products
NAICS
Tobacco Manufacturing (312230), Tobacco Manufacturing (31223), Beverage and Tobacco Product Manufacturing (312)
SIC
Medicinal Chemicals & Botanical Products (2833)
akta.pro primary industry
Medical Cannabis Dispensaries (CRANAFAB)
akta.pro secondary industries
Adult-Use (Recreational) Cannabis Delivery & Online Ordering (CRANAGAH), Cannabis Subscription & Membership Delivery Programs (CRANAGAI)

Keywords

  • Cannabis cultivation
  • Medical cannabis
  • Recreational cannabis
  • Cannabis extraction
  • Cannabis manufacturing

Where Heritage Cannabis is headquartered

Location

Headquarters

HQ city
Vancouver
HQ country
Canada
HQ region
North America

Offices2 records

Markets served

Heritage Cannabis business model

Business model
GTM type
B2B and B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

  1. Cannabis Product Sales: Revenue generated from the sale of medical and recreational cannabis products produced under Health Canada licenses, sold domestically in Canada and exported to international markets. Products span multiple categories including extracts, edibles, topicals, and dried flower across owned brands.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Heritage Cannabis product offering

Product offering

Core offering

Heritage Cannabis is a vertically integrated Licensed Producer that cultivates, extracts, formulates, packages, and distributes medical and recreational cannabis products through two Health Canada-approved facilities. Its medical product line uses a patented pharmaceutical drug delivery technology, while its recreational assortment spans dried flower, extracts, edibles, and topicals across a multi-brand portfolio.

Product overview

Heritage Cannabis is a vertically integrated Licensed Producer with two Health Canada approved facilities. The company operates a unified product portfolio consisting of multiple sub-brands (Pura Vida Legacy, Purefarma, RAD, Adults Only, Thrifty, Juicy Hoots, Chillbilly, Big Steal) that collectively offer one of Canada's most diverse medical and recreational cannabis product assortments. The company formulates, extracts, packages, and delivers cannabis products, with medical offerings based on patented pharmaceutical drug delivery technology. The sub-brands target different market segments including value (Thrifty), premium (Pura Vida Legacy), and general adult-use consumers.

Differentiator

Problem solved

Functional benefit

Brands

  • Pura Vida Legacy: Cannabis brand under Heritage portfolio
  • Purefarma
  • RAD
  • Adults Only
  • Thrifty
  • Juicy Hoots
  • Chillbilly

Products and services

  • Pura Vida Legacy

Companies that use Heritage Cannabis

Customer profile

Segments3 records

Ideal customer profiles3 records

Heritage Cannabis technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Heritage Cannabis partnerships and signals

Strategic signal

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Heritage Cannabis competitors and assessment

Company assessment

Direct peers

  • OrganiGram Holdings: Canadian Licensed Producer with branded recreational and medical cannabis products. Comparable mid-tier LP profile competing for similar provincial retail shelf space and medical patient registrations.
  • Canopy Growth: Major Canadian Licensed Producer with extensive medical and recreational cannabis brands. Competes with Heritage across Canadian provincial retail and on multi-brand strategy, though at substantially larger scale.
  • The Valens Company: Canadian cannabis extraction and product formulation specialist. Highly comparable to Heritage's extraction-and-formulation capabilities and contract manufacturing orientation.
  • Village Farms International: Canadian greenhouse operator with a cannabis division (Pure Sunfarms) producing branded flower and extracts. Comparable as a vertically integrated producer leveraging existing cultivation infrastructure.
  • Aurora Cannabis: Canadian Licensed Producer with vertically integrated cultivation and production across medical and recreational channels. Direct competitor to Heritage in Canadian retail and export markets.
  • MediPharm Labs: Canadian Licensed Producer specializing in cannabis extraction and derivative products (oils, capsules, topicals). Overlaps with Heritage's extraction technology and white-label positioning.
  • Cronos Group: Canadian Licensed Producer with branded cannabis products across dried flower, pre-rolls, and extracts. Operates as a vertically integrated producer similar to Heritage's model.
  • Auxly Cannabis Group: Canadian cannabis company focused on branded consumer products, cultivation, and processing. Direct comparable in product breadth and Canadian provincial distribution focus.
  • Tilray Brands: One of the largest Canadian Licensed Producers with a multi-brand portfolio spanning medical, recreational, and international markets. Directly comparable vertically integrated model with cultivation, extraction, and branded product sales.

Emerging players

  • Goodness Growth Holdings: US- and Canada-focused multi-state cannabis operator with branded medical and recreational products. Comparable multi-brand, multi-jurisdiction strategy relevant to Heritage's international expansion ambitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Heritage Cannabis social profiles

Digital presence

Heritage Cannabis compliance and trust

Trust signal

Compliance1 record

Heritage Cannabis financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Heritage Cannabis leadership team

Management profile

Number of profiles

Profiles3 records

Heritage Cannabis funding detail

Funding detail

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Heritage Cannabis M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heritage Cannabis

What does Heritage Cannabis do?

Heritage Cannabis is a vertically integrated Licensed Producer that cultivates, extracts, formulates, packages, and distributes medical and recreational cannabis products through two Health Canada-approved facilities. Its medical product line uses a patented pharmaceutical drug delivery technology, while its recreational assortment spans dried flower, extracts, edibles, and topicals across a multi-brand portfolio.

Is Heritage Cannabis a public or private company?

Heritage Cannabis is a public company. It is classified as public and is currently operating.

When was Heritage Cannabis founded?

Heritage Cannabis was founded in 2007. It employs 51 to 100 people.

Where is Heritage Cannabis based?

Heritage Cannabis is headquartered in Vancouver, Canada, in the North America region.

How does Heritage Cannabis make money?

One revenue line is on record: cannabis Product Sales.

Who are Heritage Cannabis's main competitors?

Direct peers on record are OrganiGram Holdings, Canopy Growth, The Valens Company, Village Farms International, Aurora Cannabis, MediPharm Labs, Cronos Group, Auxly Cannabis Group and Tilray Brands. Goodness Growth Holdings is listed as an emerging player.

Does Heritage Cannabis have an API?

No public API is recorded for Heritage Cannabis.

What industry is Heritage Cannabis in?

Heritage Cannabis's product category is Cannabis Products. Its primary akta.pro industry code is CRANAFAB, Medical Cannabis Dispensaries, with a secondary code of CRANAGAH, Adult-Use (Recreational) Cannabis Delivery & Online Ordering. Its NAICS code is 312230 and its SIC code is 2833.

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Live signals
GlobeNewswireHeritage Cannabis Obtains Creditor Protection to Pursue Restructuring and Sales ProcessHeritage Cannabis Holdings obtained a CCAA creditor protection order from Ontario court, appointing KPMG as monitor. Its senior lender demanded $8,421,088.87 in full payment. The company plans to seek approval of a sale and investment solicitation process.GlobeNewswireHERITAGE CANNABIS HOLDINGS CORP. REPORTS ANNUAL GENERAL MEETING RESULTSHeritage Cannabis Holdings Corp. reported that its June 7, 2023 annual general meeting approved all items, including the election of David Schwede, Clinton Sharples, and Celine Arsenault as directors and the appointment of Welch LLP as auditor. The company operates licensed cannabis manufacturing facilities in Canada and offers products under brands such as Purefarma, Pura Vida, and RAD.MjbizdailyCanadian company Heritage Cannabis to raise up to $20M via equity line of creditHeritage Cannabis Holdings Corp. has entered into an equity line of credit agreement with Obsidian Global Partners to raise up to $20 million through private share placements over a 36-month term. The financing arrangement includes specific fee structures, such as a $300,000 initial payment and potential additional fees upon reaching certain drawdown thresholds. Heritage intends to use the proceeds for general corporate purposes while maintaining Obsidian's ownership stake below 9.99%.Financial PostHeritage Cannabis Announces Second Amendment to Senior Secured Loan and a Facility Increase to $19.775 MillionHeritage Cannabis Holdings Corp. entered into a second amending agreement with BJK Holdings Ltd., extending the maturity date of its senior secured loan to November 30, 2024, and increasing the total facility amount to $19.775 million. As part of the deal, Heritage paid a $985,000 amendment fee and issued new warrants to BJK while extending the expiry of existing warrants until February 2025. The company intends to use the additional capital for general corporate purposes to support its ongoing strategy.GlobeNewswireHeritage Cannabis Announces Second Amendment to Senior Secured Loan and a Facility Increase to $19.775 MillionHeritage Cannabis Holdings Corp. entered into a second amending agreement with BJK Holdings Ltd., extending the maturity date of its senior secured loan to November 30, 2024, and increasing the total facility amount to $19.775 million. As part of the transaction, Heritage paid a $985,000 amendment fee and issued new warrants to BJK while extending the expiry of existing warrants.BenzingaBoard of Directors Appointment - LEXSTON MINING CORP by Lexston Mining Corporation (OTC:LEXTF)Lexston Life Sciences Corp. announced the appointment of Clinton Sharples as a director and member of the company's audit committee effective September 12, 2022. Sharples brings extensive executive experience, currently serving as CEO of Modu-Loc Fence Rentals, Chairman of Strategic Aviation and Sky Café, and Chairman of Heritage Cannabis Holdings Corp., overseeing approximately 1,200 employees and $80 million in annual revenues. The audit committee now consists of Jagdip Bal, Graeme Staley, and Clinton Sharples.GlobeNewswireHERITAGE CANNABIS ANNOUNCES REVOCATION OF CEASE TRADE ORDER AND RECOMMENCEMENT OF TRADINGHeritage Cannabis Holdings Corp. announced that the Ontario Securities Commission's cease trade order has been revoked, allowing its common shares to resume trading on the Canadian Securities Exchange. The company operates licensed manufacturing facilities in Canada and offers cannabis products under multiple brands.GlobeNewswireAvicanna Enters Partnership with Heritage Cannabis Holdings Corp. to Commercialize Evidence-Based Topical Products through Heritage’s Medical Cannabis ChannelsAvicanna entered an exclusive licensing agreement with Heritage Cannabis Holdings Corp. to commercialize its CBD topical products under Heritage's Opticann brand in Canada's medical cannabis channels. The three-year deal includes minimum sales requirements and royalties, with products planned to launch by Q4 2021.PR NewswireHeritage to Acquire Bloom Brands, a Leading Brand based in CaliforniaHeritage Cannabis Holdings Corp. has entered into a non-binding letter of intent to acquire all outstanding shares of California-based Capna Intellectual/dba Bloom Brands in an all-share transaction valued at approximately USD $15 million, with potential milestone payments of up to an additional USD $17 million contingent on financial targets. The acquisition would double Heritage's fiscal 2020 revenues and expand its U.S. footprint to six states—California, New Mexico, Oklahoma, Washington, Nevada, and Arizona—through Bloom's distribution network of over 500 retailers serving a population base of approximately 70 million people. The transaction is expected to close by the end of July 2021, subject to customary closing conditions and regulatory approvals.PR NewswireCBD Healthcare company Opticann launches ArthroCBD, a line of scientifically proven softgel capsulesOpticann Inc., a Colorado-based CBD healthcare company owned by Heritage Cannabis Holdings Corp., launched ArthroCBD, a new line of hemp-based softgel capsules designed for symptomatic relief from physical strain. The product features 25mg CBD and 6mg Beta caryophyllene formulated with VESIsorb® technology, which clinical studies show provides 4.4x improved absorption compared to standard oral CBD products, with THC removed to avoid adverse effects. The capsules are priced at $129.99 for 45-count and $179.99 for 90-count bottles, and the launch marks the first of over seven planned hemp-based CBD products in Opticann's pipeline.