Annual cannabis sales in Colorado grew 25% in 2020 to record $2.2 billion
Hero Technologies (OTC PINK:HENC; Twitter: @heroicmindtech), a cannabis company, focused on a “seed-to-sale” vertical integration strategy, today announced that it has formed a subsidiary to seek cannabis license, land purchase, and strategic acquisition opportunities in the state of Colorado. The subsidiary, Mile High Green LLC, is expected to ramp up operations quickly.
Colorado is a well-established cannabis market-it became one of the first two US states to legalize recreational cannabis in 2012. Annual cannabis sales in the state reached a record $2.2 billion in 2020, a 25% increase over 2019. Since legalization, cumulative cannabis sales in Colorado have now surpassed $10 billion.
“By establishing another subsidiary to target cannabis property acquisitions and cannabis licenses, we continue to aggressively pursue our diversification and integration strategy,” said Hero Technologies’ CEO Gina Serkasevich. “Colorado is an obvious market for us to target for expansion. It was exciting to see the state’s cannabis sales soar to $2.2 billion in 2020-trulyan all-time high. We will work hard to gain market share in this important territory and participate in its healthy growth.”
About Hero Technologies
Hero Technologies Inc. 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. The company’s 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 multi-state operator (MSO).
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Hero Technologies Contact:
Ms. Gina Serkasevich, CEO
(302) 538-4165 | firstname.lastname@example.org
SOURCE: Hero Technologies Inc.Hero Technologies Inc.