Heritage Cannabis Holdings Corp. completed its first production run and shipment of products to dispensaries in the State of Missouri. This marks the start of Heritage product sales in the second state in the United States, with products now available in both Missouri and West Virginia.

Products available to purchase in the U.S. include RAD distillate vapes, RAD live resin and live rosin, with additional products in the pipeline including pre-rolls and blunt, infused pre-rolls and blunts as well as concentrate dispensers. This is the second milestone achievement in Heritage's U.S. strategic plan, and with further expansion into additional states on the horizon, the company is poised to capture market share with established brands and formulations. Heritage commenced operations in the state of Missouri through a relationship with Como Health LLC, doing business as 3Fifteen Primo Cannabis.

3Fifteen, a rapidly growing cannabis company with five dispensaries in operation, received an Approval to Operate from the Missouri Section for Medical Marijuana Regulation, and production on vape products and concentrates commenced in the State shortly after. On December 8, 2022, recreational cannabis use became officially legal in Missouri, a move that is expected to significantly expand the market. This is in addition to the medical marijuana program that was approved in 2018.

With legalization in force, MJBizDaily projects sales could reach up to $550 million in Missouri in the first year of legalization and as much as $900 million by year four. In comparison, the Canadian cannabis market size where Heritage currently operates is $3.4 billion in 2022 according to MJBizDaily, making the Missouri market potential approximately 25% of the entire Canadian market.