Hero Technologies (OTC: HENC) recently moved to capitalize on the potential of the Massachusetts market by forming a subsidiary, MassCannabis, to seek property or land acquisition opportunities in the state and potentially initiate dispensary projects. “Last year, the nonmedical cannabis market in Massachusetts hit a significant milestone: $1 billion in sales since the state voted to legalize the substance — this even though the state was one of only a handful that closed cannabis shops for a period of time because of COVID-19,” reads a recent article. According to Hero Technologies CEO Gina Serkasevich, “In forming our new MassCannabis subsidiary, we have taken another key step in executing our growth strategy as a multi-state operator (‘MSO’) and diversified our vertically integrated business model… Massachusetts is clearly a fast-growing cannabis market and expanding our footprint there would extend our geographical reach in the U.S. and diversify our addressable market.”
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About Hero Technologies Inc.
Hero Technologies 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 the cultivation of large flowering plants, creating increased harvest efficiencies. Hero Technologies’ 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”). For more information about the company, visit www.HeroTechnologiesinc.com.
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