Pasha Brands Makes Historic Submission to Ontario Cannabis Store
July 22, 2019
VANCOUVER, BC (July 22, 2019) – Pasha Brands Ltd. (“Pasha” or “Company”) (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), North America’s largest craft cannabis brand house, is pleased to announce that it has submitted a product application package to the Ontario Cannabis Store (OCS). This application is the first of its kind for Pasha and reaffirms the company’s ability to bring quality craft cannabis products from recognized pre-legalization brands to market in an efficient and timely manner.
Brands included in the application package include: CBD Therapeutics (CBD isolates and oil formulations), Beard Brothers Collective (cannabis oils, vape pen inhalants, and shatter distillates), Theraveda (craft cannabis flower), Aurion (Craft cannabis gel capsules, distillates, and vape oil products), roll model (premium flower pre-rolls and vape oils), Grizzlers (sativa and indica flower pre-rolls), and Earth Dragon Organics (CBD-infused skincare and bath products).
“Submitting this application to the highly coveted and intensely regulated Ontario Cannabis Store signifies that Pasha Brands and its subsidiaries are more than ready to enter the legal market with these products, following changes to federal regulations,” said Dr. Brigitte Simons, Chief Scientific Officer at Pasha Brands, who oversaw the submission. “These brands were built by people with vision, and their narratives have been tried and tested, surviving the possibility of raids in the unregulated market and complete shutdowns since October 17, 2018. It’s time to bring these highly sought-after craft products to Canadians.”
Through Pasha’s numerous craft brands, it is offering the Province of Ontario, and soon, other provincial jurisdictions, the opportunity to access to its differentiated consumer-focused products from accomplished brands. Through its recently acquired Vancouver Island-based licensed producer, MedCann, currently undergoing a name change, Pasha is integrating production varieties of wellness-use craft products including pre-rolled premium flower, extracts, capsules, edibles, vaporizer oils, and topicals into its operations.
Tessa Serra, product manager at Pasha Brands and founder of Earth Dragon Organics, reacted to the news, saying, “I am delighted to see all of Pasha’s brands coming together, creating a robust offering of unique craft cannabis products. It is exciting to be part of the transition from the traditional to the new legal market, and I am hopeful our submissions to the Ontario Cannabis Store will bring craft access to an expanding network of people.”
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About Pasha Brands
Based in Vancouver, British Columbia, Pasha is a vertically integrated, prohibition-era brand house firmly rooted in BC’s craft cannabis industry, which boasts an international reputation. With proven capabilities in cannabis cultivation, genetic research and development, product processing, and retail, Pasha is uniquely positioned in the new legal cannabis market through its network of hundreds of craft cannabis suppliers under the Pasha umbrella.
Pasha subsidiary, Medcann Health Products Ltd., is a Health Canada licensed cultivator and processor with a licence to sell medical cannabis products in Canada.
Pasha and BC Craft are also developing a craft cannabis campus, which is dedicated to bringing craft quality into the newly legal cannabis market in Canada. BC Craft is driven to assist craft growers in obtaining security clearance and licensing to grow as micro-cultivators, specializing in education and compliance to bring growers into the regulated cannabis supply market.
Pasha's common shares trade on the CSE under the symbol "CRFT" and on the FSE under the symbol “ZZD”.
For more information, please visit www.pashabrands.com.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Cautionary Note Regarding Forward Looking Statements
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation, including statements with respect to the representation of Pasha Brands’ products across Canada and the expansion of Pasha Brand’s business outside of Canada. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Pasha disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.