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Benzinga
Benzinga
Business
Jelena Martinovic

Heritage Cannabis Sells Interest In Blockchain-Focused Tech Firm To Fuel Its Marijuana Operations

Heritage Cannabis Holdings Corp. (CSE:CANN) (OTCQX:HERTF) has sold its interest in Stanley Park Digital Ltd., a technology consulting company that focusses on all aspects of blockchain technology, based in Vancouver, BC, for total cash proceeds of approximately CA$608,649 ($486,640).

Heritage initially signed a letter of Intent to acquire 20% shares in SPD in January 2018, and subsequently finalized and completed its investment for an aggregate purchase price of CA$340,000, representing an 18% interest in SPD in April 2020.

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