If you are currently on the lookout for cannabis stocks then it may be a good move to consider taking a closer look at Hero Technologies (OTCQB:HENC). The company is looking to build up a vertically integrated ‘seed to sale’ operation and has made some significant moves in recent times on that front.

Market Action

On Friday, HENC stock fell 1.72% to $0.0570 with 6K shares, compared to its average volume of 60K shares. The stock moved within a range of $0.0453 – 0.0570 after opening trade at $0.0518.

Hero seeks to make Michigan the base of its operations and recently acquired the license for operating and building a cannabis cultivation plant in Vassar in Michigan. Michigan is well-known for being a friendly state when it comes to cannabis companies and that was one of the major reasons for the move from Hero. Not too long ago, the company had actually been successful in acquiring land to the tune of 10 acres at Vassar and that is where the facility is going to be built.

The company’s subsidiary unit BlackBox Systems and Technologies LLC is going to be in charge of its operations in the state of Michigan. The subsidiary boasts of a highly qualified Chief Operating Officer in the form of Marc Kasabasic and he is going to be in charge of BlackBox. He is a highly experienced executive with considerable experience in the industry.

The company is going to be managed by Mark Kasabasic, who is going to be the Chief Operating Officer of BlackBox. Kasabasic has degrees in the civil engineering and architecture streams and over the course of the past 12 years he has been involved in research.

Talking about BlackBox, he noted that he had been successful in growing the operation by acquiring as many as 12 plant licenses. The BlackBox operations are based on aeroponics and that is also something that Kasabasic is possibly well versed in. It appears that he is an executive with considerable experience in meticulous research as well as a thorough knowledge of the nuts and bolts of an operation of this nature. It may well be a good idea for investors to keep an eye on how Kasabasic can grow the operation in the coming months.

Introduction to Blackbox Systems COO Marc Kasabasic and his Background LISTEN NOW

In this regard, it is perhaps also important to point out that BlackBox has already managed to get pre-qualification approval for medicinal and adult recreational use licenses. It should be noted that local approval is yet to be granted and until that happens, operations cannot commence.

Traders Note

HENC stock is trading above the 20-Day and 50-Day Moving averages of $0.0540 and $0.0454 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0428.

By Nitin Harlalka

I am Nitin Harlalka, and I have been a passionate writer for close to a decade. I have a graduate degree in Economics and have worked as a business writer for a range of publications. Over the past couple of years, I have also started working on emerging industries like the cannabis industry and blockchain.

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