Heritage Cannabis Holdings Management

Management criteria checks 2/4

Heritage Cannabis Holdings' CEO is David Schwede, appointed in Aug 2021, has a tenure of 2.67 years. total yearly compensation is CA$220.07K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 4.84% of the company’s shares, worth €168.02K. The average tenure of the management team and the board of directors is 2.8 years and 2.7 years respectively.

Key information

David Schwede

Chief executive officer

CA$220.1k

Total compensation

CEO salary percentage	100.0%
CEO tenure	2.7yrs
CEO ownership	4.8%
Management average tenure	2.8yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Schwede's remuneration changed compared to Heritage Cannabis Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Oct 31 2023	n/a	n/a	-CA$20m
Jul 31 2023	n/a	n/a	-CA$33m
Apr 30 2023	n/a	n/a	-CA$35m
Jan 31 2023	n/a	n/a	-CA$33m
Oct 31 2022	CA$220k	CA$220k	-CA$24m
Jul 31 2022	n/a	n/a	-CA$40m
Apr 30 2022	n/a	n/a	-CA$44m
Jan 31 2022	n/a	n/a	-CA$48m
Oct 31 2021	CA$183k	CA$183k	-CA$57m

Compensation vs Market: David's total compensation ($USD161.36K) is below average for companies of similar size in the German market ($USD401.52K).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.

CEO

David Schwede

2.7yrs

Tenure

CA$220,068

Compensation

Mr. David Werner-Paul Schwede has been a Director of Heritage Cannabis Holdings Corp. since February 8, 2019. He has been the President and Chief Executive Officer of Heritage Cannabis Holdings Corp. since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Schwede	President	2.7yrs	CA$220.07k	4.84% CA$ 168.0k
Jasmine Paige	Interim Chief Financial Officer	less than a year	no data	0.25% CA$ 8.6k
Eoin Hegarty	Chief Operating Officer	1.2yrs	no data	4.62% CA$ 160.2k
Stephane Dupervil	Head of Quality & Compliance	3yrs	no data	no data
Russ Allison	Vice President of Sales	3.5yrs	no data	no data
Cory Larsen	Chief Commercial Officer	3.3yrs	no data	4.27% CA$ 148.2k

2.8yrs

Average Tenure

Experienced Management: 2UE's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Schwede	President	4.7yrs	CA$220.07k	4.84% CA$ 168.0k
Clinton Sharples	Director	less than a year	CA$67.80k	0.49% CA$ 17.0k
Daniel Phaure	Director	1.5yrs	CA$276.85k	no data
Michele Cadario	Member of Advisory Board	6.3yrs	no data	no data
Bob Simmonds	Member of Advisory Board	6.3yrs	no data	no data
Maxwell Gerard	Advisor to the Board	2.7yrs	no data	no data
Celine Arsenault	Director	less than a year	CA$11.30k	0.059% CA$ 2.0k

2.7yrs

Average Tenure

Experienced Board: 2UE's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Heritage Cannabis Holdings Management

Management criteria checks 2/4

Key information

Recent management updates

Heritage Cannabis Holdings Corp. Appoints Jasmine Paige as Interim Chief Financial Officer

Heritage Cannabis Holdings Corp. Appoints Clinton Sharples, and Celine Arsenault as Directors

Heritage Cannabis Holdings Corp. Announces Executive Changes

Less than half of directors are independent

Heritage Cannabis Holdings Corp., Annual General Meeting, Jun 30, 2022

President recently bought €61k worth of stock

Recent updates

Full year 2023 earnings released: CA$0.021 loss per share (vs CA$0.028 loss in FY 2022)

Heritage Cannabis Holdings Corp. Announces New RAD Products, New Juicy Hoots Brand and Successful Adults Only Brand Performance

New major risk - Market cap size

Third quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.003 loss in 3Q 2022)

Heritage Cannabis Holdings Corp. Appoints Jasmine Paige as Interim Chief Financial Officer

Heritage Cannabis Begins Manufacturing for New York Recreational Market with Products Available in the State This August

Second quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in 2Q 2022)

Heritage Cannabis Holdings Corp. Appoints Clinton Sharples, and Celine Arsenault as Directors

First quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0.008 profit in 1Q 2022)

Full year 2022 earnings released: CA$0.028 loss per share (vs CA$0.082 loss in FY 2021)

Heritage Cannabis Holdings Corp. Announces Executive Changes

Heritage Cannabis Holdings Corp. announced that it expects to receive $20 million in funding from Obsidian Global Partners, LLC

Heritage Cannabis Holdings Corp. Announces the Introduction of RAD Razzlers Gummies to the Canadian Market

Third quarter 2022 earnings released: CA$0.003 loss per share (vs CA$0.009 loss in 3Q 2021)

Less than half of directors are independent

Second quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.007 loss in 2Q 2021)

Heritage Cannabis Announces Twenty New Product Listings for the Ontario Cannabis Market

Heritage Cannabis Holdings Corp., Annual General Meeting, Jun 30, 2022

Heritage Cannabis Holdings Corp. to Report Fiscal Year 2021 Results on May 11, 2022

An unknown buyer acquired an 18% stake in Stanley Park Digital Ltd from Heritage Cannabis Holdings Corp. (CNSX:CANN) for CAD 0.61 million.

An unknown buyer acquired an 18% stake in Stanley Park Digital Ltd from Heritage Cannabis Holdings Corp. (CNSX:CANN) for CAD 0.61 million.

Heritage Cannabis Holdings Corp. Announces Nine New Product Launches in the Ontario Cannabis Market, Including Flower, Pre-Rolls and Concentrates

Heritage Cannabis Holdings Corp. announced that it expects to receive $1.5 million in funding from Merida Capital Partners, LLC

Second quarter 2021 earnings released: CA$0.007 loss per share (vs CA$0.004 loss in 2Q 2020)

Heritage Cannabis Holdings Corp. Announces the Launch of RADsicles

Heritage Grants Health Canada Research License

Heritage Cannabis Holdings Corp. (CNSX:CANN) entered into a non binding letter of intent to acquire The Bloom Brand for $32 million.

Heritage Cannabis Holdings Corp. Announces Launch of ArthroCBD in the United States

First quarter 2021 earnings released: CA$0.006 loss per share (vs CA$0.005 loss in 1Q 2020)

President recently bought €61k worth of stock

Heritage Cannabis Holdings Corp. Announces Receipt of the First Health Canada Cannabis Export License Granted for Brazil

Heritage Cannabis Holdings Corp. has completed a Composite Units Offering in the amount of CAD 12.04 million.

Heritage Cannabis Announces Manitoba to Now Carry RAD and Newly Introduced Feelgood. Brands

Heritage Cannabis Holdings Corp. Announces Launch of New Affordable Health and Wellness Brand Feelgood. and First Delivery to B.C

Heritage Cannabis Holdings Corp. Receives First Order from the Nova Scotia Liquor Corporation to Sell its Rad Branded Products in the Province

Heritage Cannabis Holdings Corp. has completed a Composite Units Offering in the amount of CAD 12.04 million.

Heritage Cannabis Provides Corporate Update on Positive Canadian Recreational Product Uptake and Launch of Medical Products

Heritage Cannabis Announces Purefarma and Pura Vida Products Are Now Available Online on the Endodna Site Mydna.Live

Heritage Cannabis Holdings Corp., Annual General Meeting, Apr 16, 2021

Heritage Cannabis Holdings Corp. (CNSX:CANN) completed the acquisition of Premium 5 Ltd.

Insider recently sold €90k worth of stock

Heritage Cannabis Holdings Corp. Announces Termination of Term Sheet with Cannahive Inc

Heritage Cannabis Holdings Corp. (CNSX:CANN) entered in an agreement to acquire Premium 5 Ltd. for CAD 41 million.

Heritage Cannabis Announces It Has Entered into A Product Distribution Chain with CannaBR to Distribute and Sell Bulk CBD Products in Brazil

Heritage Cannabis Holdings Corp. Announces Pura Vida and Purefarma Products Now Available in Alberta

Heritage Cannabis Holdings Corp. Appoints Umar Syed as Corporate Secretary

Heritage Cannabis Products Approves for Sale in Alberta

Heritage Cannabis Receives Inaugural Order from Saskatchewan’S Weed Pool Cannabis Co-Operative for Pura Vida and Purefarma Brands

Heritage Cannabis Holdings Corp. Signs Letter of Intent with Intelgenx Technologies Corp. for Long-Term Cannabis Filmstrip Supply Agreement

Heritage Cannabis Holdings Corp. Appoints Umar Syed as President, U.S. & International Medical Products

Heritage Cannabis Holdings Corp. (CNSX:CANN) completed the acquisition of Opticann Inc. for CAD 12.1 million.

Heritage Cannabis Holdings Corp. Announces Vape Products Now Available in Manitoba and British Columbia

Heritage Cannabis Holdings Corp. (CNSX:CANN) entered into an agreement to acquire Opticann Inc. for CAD 35 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure