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Heritage Cannabis Holdings' Subsidiary PhyeinMed Completes Phase 1 Build Out

Tickers: XCNQ:CANN, PINX:UMBBF, XOTC:UMBBF
Tags: Medicinal Marijuana, Mining



Vancouver, B.C. / TheNewswire / March 19, 2018 - HERITAGE CANNABIS HOLDINGS CORPORATION (CSE: CANN) ("Heritage" or "Company") is pleased to announce that its subsidiary PhyeinMed Inc. ("PhyeinMed") has completed Phase 1 of its build out at their Falkland, BC facility.

As previously announced, Phase 1 consists of 15,500 sq ft of production space and forms the basis for the Evidence Package which PhyeinMed is currently preparing for submission to Health Canada for the purpose of obtaining a Production Licence under section 35 of the Access to Cannabis for Medical Purposes Regulations ("ACMPR"). This production area includes 5 cannabis present rooms including growing, propagation, a storage area, packaging and destruction.

PhyeinMed's Phase 2 construction has begun and contractor focus will fully shift to this 41,400 sq ft facility immediately, which has a targeted completion date of summer 2018. Once fully constructed, PhyeinMed will create 40-50 full and part time jobs in the Falkland, BC area.

"I'm very impressed with the progress that our PhyeinMed team made in conjunction with our General Contractor and the various trades" says Clint Sharples, Chairman of Heritage.

PhyeinMed is a late stage ACMPR applicant with a location in Falkland, BC, and is executing on their expansion plans at this location, and into Ontario if a Production Licence is obtained.

About Heritage Cannabis Holdings Corporation

The Company is currently listed as a marijuana issuer having a 75% interest in PhyeinMed Inc, a Health Canada late stage applicant under the ACMPR (Access to Cannabis for Medical Purposes Regulations). It is a parent and development company with strategic plans to continue to acquire Cannabis related companies.

ON BEHALF OF THE BOARD OF DIRECTORS OF HERITAGE CANNABIS HOLDINGS CORPORATION

"Jag Bal"

Jagdip Bal

President and CEO

For more information contact:

Jag Bal

Tel: 604-628-1767

jbal@heritagecann.com


The Canadian Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


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