Business
Hero Technologies’ Subsidiary Receives Zoning Approval for Cannabis Cultivation on 120-Acre Michigan Property Planned for Purchase
Hero Technologies’ Subsidiary Receives Zoning Approval for Cannabis Cultivation on 120-Acre Michigan Property Planned for Purchase.
About this update from Hero Technologies Inc.
[{"type":"text","content":"\n DOVER, Del., April 05, 2021 (GLOBE NEWSWIRE) -- Hero Technologies (OTC: HENC; Twitter: @heroicmindtech), a cannabis company focused on a vertically integrated strategy, today announced that its subsidiary, BlackBox Systems and Technologies LLC (the “Company” or “Blackbox”), has obtained zoning approval for cannabis cultivation on the 120-acre Michigan property the company has agreed to and plans to purchase for $1,500,000. To be clear, neither the property nor Blackbox received a cannabis license from the Michigan Regulatory Authority (the “MRA”); however, the Company did receive approval by the local land use authority to use the property in the future to cultivate cannabis. Without this approval Blackbox could not move forward with the purchase and future cannabis cultivation at this site. The zoning inspector of Pulaski Township, Michigan, inspected the property, approved the site plan, and authorized zoning for cannabis cultivation. This approval enables the company to complete its greenhouse construction documents and file for the building permit and other required permits after the company completes the planned purchase. “We continue to aggressively pursue our vertically integrated cannabis marketing strategy, and this zoning approval accelerates our plan to grow cannabis year-round on the Michigan property we plan to purchase,” said Hero Technologies’ CEO Gina Serkasevich. “We are eager to move to the next stage of property development, including financing, permitting, and breaking ground on greenhouse construction, and eventually harvesting cannabis and generating revenue for shareholders.” About Hero TechnologiesHero 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...