Hero Technologies (OTCQB: HENC), a cannabis company focused on a “seed-to-sale” vertical integration strategy, today announced that it is financing the purchase of its 10-acre property in Vassar, Michigan, through a sale of its common stock. The company sold two million shares of common stock at $0.05 per share and raised $100,000 in order to raise funds for the down payment for the property, related costs and general corporate purposes. According to the update, Hero Technologies must pay $65,000 of the remaining $75,000 down payment to take possession of the Vassar property and plans to close upon securing cannabis licenses from the Vassar Township. “Raising funds through a stock sale was an efficient, cost-effective way to finance our Michigan property purchase,” said Hero Technologies’ CEO Gina Serkasevich. “Closing quickly on the property will speed our plan to deploy our proprietary cannabis cultivation system, which we believe will enable the company to gain a share of the large and quickly growing Michigan cannabis market.”
To view the full press release, visit https://ibn.fm/0YUXc
About Hero Technologies Inc.
Hero Technologies is a cannabis company working toward a vertically integrated business model. The company owns a majority stake in BlackBox Systems and Technologies LLC, an aeroponic cannabis cultivation system that provides optimal growing conditions to enhance photosynthesis and cultivation of large flowering plants, creating increased harvest efficiencies. Hero Technologies’ strategic business plan includes cannabis genetic engineering, farmland for both medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging, and retail and dispensary operations that make the company a multistate operator (“MSO”). For more information about the company, visit www.HeroTechnologiesInc.com.
NOTE TO INVESTORS: The latest news and updates relating to HENC are available in the company’s newsroom at https://ibn.fm/HENC
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