Heritage Cannabis Announces Closing of the Acquisition of Premium 5 Ltd.

Business Wire, January 26, 2021

Heritage Cannabis Holdings Corp. announced that it has completed the acquisition of all of the issued and outstanding securities of Merida portfolio company Premium 5 Ltd., a Canada-based recreational and medical cannabis company and market leader in high-quality full spectrum concentrates.

Premium 5 products are currently available from retailers in eight Canadian provinces, as well as one of the only concentrate brands available nationally to medical patients through both the Shoppers Drug Mart and Shelter Market platforms.

Upon closing of the Premium 5 acquisition, Merida Capital Holdings -- the largest non-insider investor in Premium 5 -- will become a strategic shareholder in Heritage. Along with its portfolio companies in the United States, Merida intends to lead an expansion for Heritage into the US.

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