Oct 6, 2022
Hero Technologies (OTC: HENC), a cannabis company focused on a seed-to-sale vertical integration strategy, announced that it is amending its current S-1 registration statement. The company is preparing a 424(b)(3) prospectus supplement that removes the 80 million share offering, with each share priced at $0.05. The announcement noted that the amendment will exclude shares that have already been issued. According to the announcement, HENC feels the amendment will reduce short selling and allow the stock to trade more fairly and freely. The company noted that some funds have already been raised under the S-1, but the decision was made to amend the fixed priced registered direct offering to reduce resistance that occurred after an “insolent influencer” highlighted the offering in December 2021. The company is planning to use proceeds from the sale of shares to fund the acquisition of property in Vassar Township, Michigan, as well as other corporate needs. “Our original S-1 registration served its purpose of allowing the company to raise funds quickly and efficiently for strategic purposes,” Hero Technologies CEO Gina Serkasevich said in the press release. “Now it is in the best interest of the company and our shareholders to remove the fixed price offering. We expect that removing the fixed price offering will enable our common stock to trade more fairly and freely, with far less unwarranted short selling.”
To view the full press release, visit https://ibn.fm/ThyMs
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 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 multistate operator (“MSO”). For more information about the company, please visit www.HeroTechnologiesInc.com.
NOTE TO INVESTORS: The latest news and updates relating to HENC are available in the company’s newsroom at https://ibn.fm/HENC
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.
Malaysians delight in visiting family and friends, so much so that these visits made up 44 per cent of domestic travel. They enjoy seeing their loved ones even more than shopping (21.6 per cent) and holidaying (13 per cent), as shown in the latest numbers from the Statistics Department on domestic tourism in the second quarter of this year. The 44 per cent recorded is even higher than last year’s trend in domestic tourism where “visiting relatives and friends remained the primary purpose of...
A Laotian citizen deported by the United States to eSwatini under Donald Trump administration’s immigration crackdown was released from a maximum-security prison in the African nation on Sunday after being held there for more than a year, his lawyer said. Phone Chomsavanh was among five immigrants deported to eSwatini – where he has no ties – in July 2025, in the early days of the Trump administration’s secretive and highly contentious third-country deportation programme. Chomsavanh’s US-based...
Malaysia’s Anwar Ibrahim is expected to roll out a populist budget on Friday aimed at placating voter concerns over the cost of living and access to essential services, experts say, as the prime minister seeks to shore up support ahead of a general election that could be called as soon as next year. Anwar’s coalition government is under mounting pressure amid a deepening feud with Umno. The Malay nationalist party, a key partner in Anwar’s administration, has demanded a snap poll after defeating...
Anthropic CEO Dario Amodei seems to believe that he, the American artificial intelligence (AI) industry and the United States are the only ones who should have the right to determine the fate of humanity. While he pays lip service to involving other democracies in AI development, which ones remotely approach the technological capacities of the US and China? Do other non-democratic developing countries not count? His self-belief is far more dangerous than mere commercial greed. Like Peter Thiel,...
Ukrainian President Volodymyr Zelensky said on Sunday he believed Russia may have shared jet-drone technology with its long-standing ally North Korea. In recent weeks, Russia has sharply increased its use of jet-drones against Ukraine, which so far has no effective means of countering them other than using combat aircraft. Earlier in the war, North Korea supplied Russia with millions of artillery shells and it has since provided ballistic missiles that Moscow regularly uses to attack...
A march protesting against the imprisonment of former Pakistani prime minister Imran Khan kicked off in northwest Pakistan on Sunday after talks to avoid the demonstration stalled. Authorities have been preparing for weeks for the possible arrival of demonstrators in Islamabad, with the march planned by supporters of Khan’s Pakistan Tehreek-e-Insaf (PTI) party originally slated for September 27 and then postponed until Sunday. Videos posted on PTI’s official social media showed supporters...
For American and Chinese people interested in the outcome of the latest summit between China’s President Xi Jinping and US President Donald Trump, their conclusions could not be more different if they turn to the media and pundits for guidance. Chinese state media spared no superlative, echoing the official description of the summit as: forging the right way for the major powers to get along and writing a new chapter in ties. It played up the fact that Trump gave Xi the highest-level reception...
Thousands of young protesters and opposition parties staged protests in the national capital and Mumbai on Sunday, demanding the resignation of Election Commission Chief Gyanesh Kumar, as police detained demonstrators for a third consecutive day. Opposition leaders Raj Thackeray and Uddhav Thackeray led protests in Mumbai calling for the scrapping of revisions to the electoral roll and Kumar’s resignation. In Delhi, protesters started gathering in the early evening and police started...
Nearly 1,500 Myanmar nationals who were sent back from Malaysia arrived in the country’s largest city on Sunday despite warnings from the UN refugee agency and rights groups that conditions for return remain unsafe. Myanmar has been in turmoil since the military seized power from the elected government of Aung San Suu Kyi on February 1, 2021, triggering widespread opposition and plunging large parts of the country into conflict. The returnees, including 86 women, have been convicted of staying...
A treaty from the 1960s declared that nobody can own outer space. Half a century later, billionaires and superpowers see fortunes to be made nonetheless.
The United States wants a reactor on the moon by 2030. A Russian-Chinese alliance is working on one for 2036. Some leading scientists say the danger is great.
The matter threatened to revive tensions over the American military presence on the Japanese archipelago.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.