Hero Technologies to Buy 40 Acres of Land in Colorado - One of America's Top Cannabis Markets (2025)

Hero Technologies to Buy 40 Acres of Land in Colorado - One of America's Top Cannabis Markets

Dover, DE--March 15, 2021 -- InvestorsHubNewsWire --HeroTechnologies (OTC: HENC;Twitter: @heroicmindtech),acannabiscompany focused on a"seed-to-sale"verticalintegration strategy, todayannounced thatithas executedan agreementtopurchase40acresoflandinMoffat,Colorado. The company plansto use the landfor year-roundcannabiscultivation,both in greenhousesand outdoors. The companyplans onclosing on or before March30thand closethe deal with Summit Resources LLC.

The land is likely to be assigned and held by the company's newsubsidiary for Colorado operations and acquisitions, Mile HighGreen LLC. As previously announced, we will use the

MileHigh Green entity toacquire land, property, and licenses. We expect to work withVincente Sederberg to obtain a cannabis license forcultivation.

After closing, the

deal wouldexpandthe company's footprint in the strategicallyimportant Coloradocannabismarket. In2012, Coloradobecameoneof the firsttwostatesin the US, along with Washington, to legalizerecreational marijuana. Annual cannabis salesin the stateincreased25% in2020 to a record $2.2billion. Since legalization, cannabis sales in Coloradohavereacheda cumulative total ofover $10billion.

"We are veryexcitedabout acquiring land for cannabis cultivation inColorado,"said HeroTechnologies' CEO Gina Serkasevich. "Clearly,the stateis a largeandimportant market for cannabis,and establishingintegratedoperationsthereshould help us accelerateour'seed tosale' go-to-marketstrategy."


AboutHero Technologies

HeroTechnologies Inc. is acannabis company working toward a vertically-integrated businessmodel. The company ownsamajority stake in BlackBox Systems and TechnologiesLLC, an aeroponic cannabiscultivation system that provides optimal growingconditions to enhancephotosynthesis and cultivation of large flowering plants, creatingincreased harvestefficiencies.Thecompany'sstrategicbusinessplan includes cannabis genetic engineering, farmland for bothmedical and recreational cannabis cultivation, production licenses,distribution licenses, consumerpackaging, and retail anddispensary operationsthat makethe company a multi-stateoperator(MSO).

Forward-LookingStatements

Thispress release contains "forward-looking statements" within themeaning of the federal securities laws, including Section 27A ofthe Securities Act of 1933, as amended, and Section 21E of theSecurities Exchange Act of 1934, as amended. These forward-lookingstatements may include: management plans relating to the proposedproject; the expected timing of the completion of the proposedproject; the ability to complete the proposed project; anystatements of the plans and objectives of management for futureoperations, products or services, including the execution of plansproposed project; any statements of expectation or belief;projections related to certain financial metrics; and anystatements of assumptions underlying any of the foregoing.Forward-looking statements are typically identified by words suchas "anticipate," "believe," "could," "estimate," "expect,""forecast," "intend," "may," "outlook," "plan," "project," "seek,""should," "target," "will," "would" and other similar words andexpressions or negatives of these words. Forward-looking statementsare subject to numerous assumptions, risks and uncertainties, whichchange over time and are beyond our control. Forward-lookingstatements speak only as of the date they are made. Neither HeroTechnologies Inc. nor its holding company or subsidiaries assumesany duty and does not undertake to update any forward-lookingstatements. Because forward-looking statements, by their nature,are uncertain or assumptive to varying degrees, actual results orfuture events could differ, possibly materially, from those thatHero Technologies Inc., its holding company or subsidiariesanticipated in the forward-looking statements, and future resultscould differ materially from historical performance.

HeroTechnologies Contact:

Ms. GinaSerkasevich, CEO

(302)538-4165 | info@herotechnologiesinc.com

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