Pasha Brands Announces Board Restructuring and Maps Future
December 2, 2019
VANCOUVER, British Columbia, Nov. 29, 2019 /CNW/ -- Pasha Brands Ltd. ("Pasha" or the "Company") (CSE: CRFT) (OTC: CRFTF) (FSE: ZZD), one of North America's largest craft cannabis brand house, announces today the following resignations: Scott Walters, Rosy Mondin and Hugo Alves as directors of the Company. The resignations are effective immediately. Pasha would like to thank Mr. Walters, Ms. Mondin and Mr. Alves for their time and contributions made to the Company and wishes them well with their current and future endeavors.
Commenting on these resignations, Executive Chairman, Patrick Brauckmann stated, "My vision with Pasha was to give small farmers, legacy brands and the founders of Canada's original cannabis industry, those marginalized and excluded by governments on all levels through-legalization, a chance to enter the regulated market through our craft aggregation platform and the only prohibition era brand house that exists in Canada. In an industry that is generally devoid of quality and meaning, I'm grateful Scott, Rosy and Hugo shared my vision and were able to contribute to our unique offering. Their resignations will not diminish our resolve to see this project completed, as thousands of cannabis professionals wait in line to re-enter the industry they created."
The Company will be working to establish a new working Board made up by those invested in Pasha and its future, and will provide further information on new board appointments as soon as it becomes available. Pasha will also use this opportunity to refresh its ranks and reposition key personnel to reflect the Company's goal of having Grizzlers™ and Roll Model™ pre-rolls in the market in early 2020.
The Company is proud of its accomplishments, having acquired eight pre-legalization brands, established BC Craft Supply Co., a solution provider to the micro cultivation community in Canada, acquired Medcann Health Products Ltd., a Health Canada licensed cultivator and processor operating out of a 10,000 square foot facility on Vancouver Island, acquired Royal Green Acres Ltd., a late stage licenced producer applicant under the ACMPR, established Craft Labs™, a proprietory platform bringing quality assurance to the craft industry, secured over 140 supply agreements with micro-cultivation applicants across Canada, who, when and if licenced by Health Canada could produce tens of thousands of craft cannabis, secured supply agreements with the first five micro-cultivation licences granted by Health Canada, and recruited a strong group of cannabis professionals, brokers and operators, many of who played a part in creating Canada's original cannabis industry.
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