Industry Bulletins | October 2, 2019
Heritage Announces Joint Venture With Empower Clinics In Oregon
Heritage Cannabis Holdings Corporation announced that it has entered into a Letter of Intent (LOI) to form a Joint Venture Partnership (JV) with Empower Clinics Inc. (Empower), based in Sandy, Oregon, for the extraction of hemp for cannabidiol (CBD) oil production, and formulated CBD products. Terms of the LOI will have Heritage and Empower each with a 50% ownership of the Joint Venture.
Heritage, via its wholly owned subsidiary Purefarma Solutions Inc. (Purefarma), will install extraction units and related downstream extraction equipment inside Empower’s existing licensed hemp processing facility. In addition, Purefarma will train and supervise the staff on . . .