Hero Technologies (HENC) Eliminates Convertible Debt

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Miami, FL – February 24, 2021 (EmergingGrowth.com NewsWire) — EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Hero Technologies Inc. (OTC PINK:HENC)

DOVER, DE / ACCESSWIRE / February 24, 2021 / Hero Technologies Inc. (OTC PINK:HENC) (Twitter: @heroicmindtech), a vertically-integrated “seed-to-sale” cannabis company, today announced that it has converted debt and interest totaling $2.293 million into 65,285,714 shares of common stock. This transaction eliminates the company’s outstanding convertible debt in full.

The shares were issued to P2B Capital, which is controlled by Hero Technologies’ majority investor, Dark Alpha Capital LLC, in exchange for convertible notes totaling $2,245,000 in principal and approximately $49,000 in interest. Both P2B Capital and Dark Alpha Capital are controlled by Mr. Destiny Aigbe.

In a parallel development, Hero Technologies retained Ease Communications Inc. to perform investor relations and social media services.

“We are sensitive to the needs of all shareholders, including legacy shareholders of Holloman Value Holdings, which we acquired in a reverse merger in 2020,” said Hero Technologies’ CEO Gina Serkasevich. “By eliminating convertible debt, we gain a clean balance sheet, which should facilitate land purchases for more cannabis cultivation and potential strategic acquisitions. We view this conversion of debt into common stock as a long-term commitment to the health and value of our company.”

About Hero Technologies

Hero Technologies Inc. is a cannabis company with a vertically-integrated business model. The company has 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 business plan includes cannabis genetic engineering, farmland for both medical and recreational cannabis cultivation, production licenses, distribution licenses, consumer packaging and retail operations, and dispensaries that make the company a multi-state operator (MSO).

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Hero Technologies Contact:

Ms. Gina Serkasevich, CEO
(302) 538-4165 | info@herotechnologiesinc.com

SOURCE: Hero Technologies Inc.

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