The Continued Buzz Surrounding Pasha Brands Ltd. (CSE: CRFT) (OTC: CRFTF) | Financial Buzz

The Continued Buzz Surrounding Pasha Brands Ltd. (CSE: CRFT) (OTC: CRFTF)

Pasha Brand’s wholly owned subsidiary, BC Craft Supply Co. Ltd. will assist micro-cultivators through development, licensing, testing, and distribution of craft cannabis products, in exchange for a guaranteed supply agreement with each micro-cultivator.

Pasha Brand’s wholly owned subsidiary, BC Craft Supply Co. Ltd. will assist micro-cultivators through development, licensing, testing, and distribution of craft cannabis products, in exchange
for a guaranteed supply agreement with each
micro-cultivator.

Under the Health Canada framework, each micro-cultivator will be able to legally process approximately 500 kilograms of dried flower per year.

Pasha Brands explains that, “For every 150 micro-cultivators BC Craft secures, up to 75,000 kilograms of world-class craft cannabis could be available to the market via Canada’s regulated supply chain.”

Investor Recap

Our Buzz on the Street Show Featuring Pasha Brands Ltd. 

According to Pasha Brands, the Current Value of Expected Craft is Derived From:

Southern Glazer’s Wine & Spirits, North America’s largest wine and spirits distributor, and the preeminent data insights company for alcoholic beverages. Southern Glazer’s has operations in 44 U.S. states and the District of ColumbiaCanada, and the Caribbean, and employs more than 21,000 team members.

Recent Developments

Nov. 18, 2019 - Pasha Brands Supports Federal Petition Requesting a Reassessment of the Medical Cannabis Program and Exemptions for Unlicensed Compassion Clubs and Medical Dispensaries

Pasha Brands Ltd. (Pasha“) (CSE: CRFT) (OTC: CRFTF), Canadas largest craft cannabis brand house, last month called for the complete expungements of cannabis records, and a review of post-legalization enforcement. In the wake of raids on the nations oldest compassion clubs and dispensaries, Pasha is now calling on the federal government to look into new models of medical access.

As legal adult-use is clearly failing to meet the needs of the same cannabis patients being left behind by the medical access program, and as an association of legal cannabis producers calls on the federal government to increase enforcement on brick and mortar and online illicit retailers, Pasha calls on the federal government to instead exempt Canadas earliest medical dispensaries, its patients, and its producers from the Cannabis Act, and to conduct a review of the current medical framework.

Several court cases have set precedents in Canada that have been largely ignored by successive governments. The right to access medical cannabis has been well-established by the courts, but this access is lacking.  Not all patients who require cannabinoid-based medicine have access to online sales, fixed addresses, credit cards, or the funds required to purchase their medicine. For these reason and others, the recommendations following both R. v. Smith and Allard v. Canada touted the benefits of storefront access at dispensaries and compassion clubs.

Whats more, access to medical cannabis is protected under Section 7 of the Charter of Rights and Freedoms. This access is also meant to include ‘protection from delay’. The 2002 Report of the Senate Special Committee on Illegal Drugs found that medical dispensary practices were in line with therapeutic indications, and that moving forward, Health Canada should work with compassion clubs, rather than against them. By the Senates own recommendations, these outlets should be part of Canadas existing medical cannabis framework.

Pasha supports this petition calling on the federal government to take action on these now 17-year-old recommendations by supporting and encouraging the development of new models of access; to undertake a full review of the current state of medical cannabis access while including the organizations that inspired and impressed the Senate Committee in 2002; and to grant exemptions to medicinal dispensaries, their patients, and suppliers as the review is ongoing.

Pasha has focused on getting existing farmers into the legal adult-use market, but recognizes the need for improved medical access. The pre- and post-legalization gold rush on both licit, and illicit, sides of the industry has skewed our understanding of what it means to safely access cannabis,” says Jamie Shaw, Pashas Chief Communications and Culture Officer. The current framework fails patients, and without proper medical access, they are forced to purchase their medicine from the illicit market or go without. We hope that by gaining MP support for this petition, the public will get a chance to remind the federal government that it was medical patients that carved the path that were on today, and it is they who still bear the brunt of bad policy.”

The petition (e-2301) can be read here: https://www.pashabrands.com/petition-to-the-government-of-ca/

and has been filed with the House of Commons, and currently awaits MP support.

For full press release – https://www.newswire.ca/news-releases/pasha-brands-supports-federal-petition-requesting-a-reassessment-of-the-medical-cannabis-program-and-exemptions-for-unlicensed-compassion-clubs-and-medical-dispensaries-879285177.html

Nov. 12, 2019 - Pasha Brands: Canada's First Micro-Cultivator Crops Expected Next Month

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC: CRFTF) (FSE: ZZD), Canada’s largest craft cannabis brands organization, expects nation’s first micro-cultivator harvest next month.

While the large-scale licensed producers continuing to experience pressure in the market, Pasha’s approach looks to solve both industry and consumer issues by bringing small-scale growers into the legal marketplace. Pasha has signed supply agreements with over 100 micro-cultivator applicants, including the first five micro-cultivators licensed by Health Canada. North 40 in Saskatchewan, Hearst in Ontario, and Canandia in BC are all expected to harvest before the end of December.

“Craft” is a word often thrown around in this new industry, but it is one that Pasha embodies through meaningful relationships with some of the country’s most recognized brands. But what makes cannabis “craft” has less to do with reputation and more to do with the care and attention to detail with which these plants are cultivated.

“To me, craft cannabis is about quality over quantity, and a more individualistic approach to cultivation,” said Jamie Shaw, Chief Communications and Culture Officer at a Pasha Brands. “It’s the whole reason our model exists, allowing the grower to stay autonomous and avoiding large plant-to-grower ratios. This allows them to function independently and ensures a move away from big-box, cookie-cutter production,” she added.

The Founder of North 40 Cannabis, Gord Nichol, explains the mindset this way, “Having Pasha’s support has allowed me to focus on the plant and give it the attention required to bring out the very best in it. The market is ready for hand-crafted cannabis products and Pasha’s experience is a vital resource in helping us deliver the goods.”

Pasha remains committed to bringing small farmers to market and expects the first legal micro-cultivated dried cannabis to hit store shelves by early 2020.

For full press release – https://www.newswire.ca/news-releases/pasha-brands-canada-s-first-micro-cultivator-crops-expected-next-month-806487042.html

Oct 29, 2019 - Pasha Brands Sees Silver Lining Amidst Downturn in Global Cannabis Sector

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC: CRFTF) (FSE: ZZD). Between 2014 and 2018 global sales of legal cannabis more than tripled from $3.4 billion to $10.9 billion, according to the State of the Legal Cannabis Markets report from Arcview Market Research. BDS Analytics calls for a near-quadrupling from 2018 levels to $40.6 billion by 2024 at an annual growth rate of 21.9%. This has led many people to wonder, why the recent market downturn in the cannabis sector?

“Legal cannabis, particularly in Canada, has been struggling under the weight of burdensome regulations, poor supply-chain management, and quality issues,” said Jamie Shaw, Chief Communications and Culture Officer for Pasha. “Coupled with that, companies in the sector were slow to deliver the results expected and were generally seen as overvalued. Share prices were determined at a time when there were relatively few licences that seemed to have a stranglehold on the regulated marketplace.”

While these challenges are most pronounced in today’s market, for Pasha it has been an affirmation of its business plan. “We never bought into the big-box mentality that’s causing many of these problems,” Shaw said. “Pasha has focused on small batch, craft producers, and has been meeting its goals at a quick pace, with the first micro-cultivation harvest expected in December.”

Pasha has been on-boarding brands and people that made legalization possible, including Baked Edibles, Earth Dragon Organics, and Beard Brothers Collective, and has acquired a Health Canada licensed facility on Vancouver Island. Pasha expects to be the first licensed, nation-wide, all-craft company to be operational by end of Q4 2019/early Q1 2020.

Of the first 5 micro-licences issued by Health Canada, Pasha has signed supply agreements with all of them. Pasha also has signed supply agreements with 60 more applicants currently in the CTLS queue with Health Canada, and another 40 navigating the licensing process with Pasha subsidiary, BC Craft Supply Co. Ltd. With 100 micro-cultivators each permitted to produce up to 500kg per year, Pasha could have the ability to bring up to 50,000kg per year of high-quality craft cannabis to Canadian consumers.

“The legal market has yet to see products with the same care and attention to detail that went into the highest quality, illicit products,” said Patrick Brauckmann, Executive Chair of Pasha Brands. “Pasha is committed to bringing products to the marketplace that put the consumer first.”

Partnered with powerful distributors like Great North and developing innovative industry solutions like Craft Labs, Pasha looks to disrupt how people think of legal cannabis.

For full press release – https://www.newswire.ca/news-releases/pasha-brands-sees-silver-lining-amidst-downturn-in-global-cannabis-sector-808417022.html

Oct 09, 2019 - Pasha Brands Secures Supply Agreement With Fifth Licensed Micro-Cultivator, Greenterra Cannabis

Pasha Brands Ltd, North America’s largest craft cannabis brand house, is pleased to announce that its wholly owned subsidiary, BC Craft Supply Co. Ltd. (“BC Craft“), has signed a supply agreement with Waterloo, Ontario based Greenterra Cannabis (“Greenterra“).

The founders of Greenterra, Adam and Drew Anger, 30 and 24, are two brothers and successful businessmen who saw a tremendous opportunity to get into legal cannabis with a minimal investment. They completed their application using Tamra Follett’s do-it-yourself standard operating procedure kit, and will be cultivating cannabis in a greenhouse using hand-mixed soil and organic inputs.

Adam has owned several companies in the trucking and transportation industries and will be operating the business side of the greenhouse, while Drew, the owner of a marketing company, will be lead cultivator.

“Adam and Drew bring a youthfulness and excitement to their business that made signing a supply agreement with them so attractive to us,” said Patrick Brauckmann, Executive Chair of Pasha Brands. “They truly represent what it means to be a family-oriented business in the cannabis industry and we’re excited to get their product on the shelves of retailers across the country.”

With Canada’s current licensed cannabis producers only able to supply an estimated 15 percent of what Canadians are consuming, Pasha is optimistic that yet another new supply agreement will help correct the cannabis supply imbalance. Each micro cultivator in Canada will be allowed to produce approximately 500 kg of cannabis per year. Canada has tens of thousands of craft producers operating in the illicit cannabis market and BC Craft is focused on helping as many small farmers transition into the regulated market as possible.

“It’s hard to believe that we’re breaking into this industry and turning our hobby into a business,” said Adam Anger. “We’re really excited to partner with a company like BC Craft because we know that they prioritize not only craft cannabis but a sense of family the same way that we do.”

For full press release – https://www.newswire.ca/news-releases/pasha-brands-secures-supply-agreement-with-fifth-licensed-micro-cultivator-greenterra-cannabis-845422017.html

Oct 04, 2019 - Pasha Brands Announces Acquisition of Premium Extracts Brand Beard Brothers Collective

Pasha Brands Ltd, Canada’s largest craft cannabis brands organization, has announced the acquisition of the Beard Brothers Collective brand. Beard Brothers was previously used by an established provider of craft cannabis concentrates, extracts, tinctures, oils, flower, topicals, edibles, rosin, distillate, and isolates, based in Victoria, BC.

Founded in 2014 by brother-and-sister duo Bradley and Elissa Macauley, the Beard Brothers brand was previously associated with a non-profit, medicinal cannabis provider. Having worked closely with physicians and experts in cannabis therapy for years, the Macauley’s were dedicated to providing consumers access to quality products that met their needs. The Macauley’s award-winning concentrates and advanced extraction technologies have been lauded by manufacturers and consumers alike. Pasha hopes to make products available under the Beard Brothers through legal retailers across Canada after October 17, 2019.

“The Beard Brothers brand feels right at home with Pasha, helping to shape the new cannabis movement,” said cofounder Bradley Macauley, reacting to the news. “Elissa and I truly feel blessed to be able to share our love for this sacred plant with our communities and the world, and we’re grateful our products will reach more people thanks to Pasha.”

Pasha has acquired all of Beard Brothers Collectives’ trademarks, names, and intellectual property and will launch the brand in the Canadian regulated market in the coming months. Already, Beard Brothers Collective products have been included in several product offering packages presented to provincial wholesalers, including Ontario and British Columbia.

“Adding an established brand like Beard Brothers to our family of craft cultivators and purveyors shows that Pasha is setting the bar for craft products in all areas, including extracts and concentrates,” said Patrick Brauckmann, Executive Chairman of Pasha Brands. “Bradley and Elissa have truly captured the essence of craft, both with their premium products and their patient-first model. We’re committed to upholding that dedication as we prepare to provide Canadian cannabis consumers with access to these fantastic products.”

Pasha is also pleased to announce the appointment of senior Vice-President of Southern Glazier’s Wine and Spirits Doug Wieland to it’s Board of Directors. As a new member of the Board, Doug will join fellow directors Patrick Brauckmann, Rosy Mondin, Scott Walters, and Hugo Alves. Wieland has spent over a decade working in beverage alcohol distribution in Canada, the majority of that time at Southern Glazer’s Wine & Spirits, the world’s largest distributor of beverage alcohol. Earlier this year, he oversaw the launch of a wine division focused on growing the company’s business across the Canadian market.

In July, Pasha signed an agreement with Great North, a company established by the owners of Southern Glazer’s and Canada’s first national sales broker for legalized adult-use cannabis, to distribute Pasha’s craft cannabis products throughout Canada. The agreement will give Pasha access to Great North’s nationwide sales and distribution network, which includes experienced sales and marketing teams, established relationships with all government cannabis distribution boards, as well as coverage with Canada’s numerous private retailers.

“Having spent the past year meeting the Pasha team and craft producers in BC Craft’s supply chain, we believe that the next big move in Canada’s cannabis sector will be craft products,” Wieland said at the time. “I am thrilled to be joining Pasha’s Board just as Canada’s legal cannabis market prepares to usher in a new wave of consumer products.”

“Doug’s skillset lends itself perfectly to our operational plan at Pasha,” said Executive Director Patrick Brauckmann in reaction to the news. “His experience at the head of one of the world’s largest beverage alcohol distributors is an incredible asset to us, and I’m very much looking forward to working alongside him as we look to make Pasha the world’s most recognized craft cannabis brand.”

For full press release – https://www.newswire.ca/news-releases/pasha-brands-announces-acquisition-of-premium-extracts-brand-beard-brothers-collective-815539428.html

Sept. 25, 2019 - Pasha Brands Signs Supply Agreement with Health Canada Licensed Canandia

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC: CRFTF) (FSE: ZZD), Canada’s national craft cannabis organization, announced today that its wholly owned subsidiary BC Craft Supply Co. (“BC Craft“) has signed a supply agreement with Canandia Bioceutials (“Canandia“), based in Delta, BC. This supply contract will add approximately 500kg of specialized craft cannabis to BC Craft’s supply chain and brings the number of licensed micro-producers BC Craft has signed supply agreements with to four.

Canandia founder, Alon Amit, brings decades of cannabis growing experience with him to the legal marketplace with businesses operating in both Canada and Israel. As a master cultivator of cannabis for medical purposes under three previous regulatory regimes in Canada since 2001, Alon has a successful track record for producing high quality cannabis, and will now form a part of BC Craft’s supply chain for both the medical and national recreational market. Alon’s previous company has been selling dry medical cannabis directly to the Government of Alberta’s Worker’s Compensation Board under an exclusive contract to supply their claimants.

Canandia had applied under previous Health Canada rules to be a Licensed Producer. However, due to its size, they were given the option to amend their license to the newly created class of micro-cultivator on October 12, 2018.  The micro-cultivator licence allows for a canopy size of 2,150 square feet which will typically generate approximately 500 kg of craft cannabis per year operating out of an indoor facility.

For full press release – https://www.newswire.ca/news-releases/pasha-brands-signs-supply-agreement-with-health-canada-licensed-canandia-839741836.html

Sept. 19, 2019 - Pasha Brands Signs Over 100 Micro-Cultivator Supply Contracts

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), North America’s largest craft cannabis brand house, is delighted to announce that its wholly owned subsidiary, BC Craft Supply Co. Ltd (“BC Craft“), has signed over 100 micro-cultivator applicants (“Micros“) across Canada to date.

Once licensed, a Micro can produce approximately 500 kilograms of dried flower per year in the 2150 sq ft legally allowed. With these supply deals in place, including the first three Micros licensed by Health Canada, Pasha anticipates being able to bring an excess of 50,000 kilograms of craft cannabis per year to market as more licences are issued. This would make Pasha one of the largest craft cannabis providers in the world.

Tens of thousands of grey market cannabis producers coast to coast still supply as much as 85% of the cannabis Canadians are consuming. Issues with quality, freshness, and availability have plagued legalization so far as industrial cannabis producers strive to grow mass quantities of cannabis. Prices for limited supplies of small batch craft cannabis flower, sold through online Provincial cannabis retailers are now exceeding $20 per gram, and little has been done to address the impact on local economies of not transitioning these farmers.

“Our objective in creating the BC Craft platform was to assist these craft producers in Canada that have been supplying Canadians their cannabis products for decades,” said Patrick Brauckmann, Executive Chairman of Pasha, “and help them transition into the regulated market through Health Canada’s new Micro licence.”

BC Craft enters into a supply contract to purchase a Micro’s annual supply, and provides exclusive go-to market plans, with appropriate guidance and resources, in order to receive a micro cultivation licence from Health Canada, as well as market support and infrastructure to get their products to the legal marketplace.

“Reaching this milestone so early in our existence really speaks to the faith craft producers have put in us,” said Brauckmann. “They know we share their values, and that we can help them succeed in the legal marketplace in a way they can believe in, by allowing them to do what they do best.”

For full press release – https://www.newswire.ca/news-releases/pasha-brands-signs-over-100-micro-cultivator-supply-contracts-819623972.html

Sept. 16, 2019 - Pasha Brands Pens Supply Agreement with Canada's First Licensed Outdoor Micro Cultivator, Tamara Follett

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC: CRFTF) (FSE: ZZD), North America’s premier craft cannabis brand house, is pleased to announce that its wholly owned subsidiary, BC Craft Supply Co. Ltd (“BC Craft“), has signed a supply agreement with Canada’s first licensed outdoor micro cultivator, Tamara Follett (“Tamara“). 

Following the announcements of supply agreements with Canada’s first micro cultivation and micro processing licensees, Hearst Organic Cannabis and North 40 Cannabis (respectively) last month, the supply agreement with Tamara represents another historic milestone for both Pasha and the cannabis industry in Canada. 85 per cent of the Canadian cannabis supply is still largely sourced from illicit producers who have not embraced or been welcomed into the regulated supply chain.

“Tamara represents so much about why we created Pasha and the BC Craft platform,” commented Patrick Brauckmann, Executive Chairman of Pasha. “Far too many small businesses were passed over and forgotten when this government designed legalization. Small producers like Tamara are the heart of craft cannabis and the soul of the cannabis industry.”

Based in St. Stephen, New Brunswick, Tamara received her licence from Health Canada on September 13, 2019. Under the agreement with Pasha, Tamara will supply BC Craft with her annual production, to be sold as dried flower in Canada, and through Pasha’s subsidiary this product will be resold as packaged flower into the regulated supply chain in Canada.

“I’m thrilled to be working with Pasha and expanding my love of growing cannabis on a larger scale,” said Tamara. “As a small business operator, I’m always looking for service providers that allow me to focus on my core competency.”

With Canada’s current licensed cannabis producers only able to supply an estimated 15 per cent of what Canadians are consuming, Pasha is optimistic that each micro cultivator BC Craft has in its supply chain will help correct the cannabis supply imbalance and bring exciting new products to market. Each micro cultivator in Canada will be able to produce approximately 500 kilograms of cannabis per year, while each micro processor can process up to 600 kilograms of cannabis per year. Canada has tens of thousands of craft producers operating in the illicit cannabis market and Pasha’s wholly-owned subsidiary BC Craft Supply Co. is focused on helping as many small farmers transition into the regulated market as possible.

For full press release – https://www.newswire.ca/news-releases/pasha-brands-pens-supply-agreement-with-canada-s-first-licensed-outdoor-micro-cultivator-tamara-follett-893104745.html

Sept. 13, 2019 - Pasha Brands Critical of Post-Prohibition Cannabis Enforcement

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), Canada’s largest craft cannabis brands organization, released a statement today asking for the full expungement of criminal records for those charged under previous cannabis laws. Canada is one of the first countries to admit that prohibition has been a failure and been harmful for people and its economy on a variety of levels.

Earlier this week, stats were released around the expedited pardons for cannabis offences made available under Bill C-93. With only 44 pardons granted to date, the people at Pasha feel this effort is not enough to undo the harms of prohibition. In an article on their website (www.pashabrands.com), Pasha quotes both Prime Minister Justin Trudeau and MP Bill Blair discussing the inequality of past enforcement of cannabis laws. It also points to studies showing how this inequality was especially hard on minority communities.

“These laws were applied unfairly,” said Pasha Executive Chairman Patrick Brauckmann. “They are still being applied unfairly, and there are people still in jail for cannabis offences.” One of the first casualties of cannabis enforcement just one month after legalization was an Indigenous man in Winnipeg, who was sentenced to almost a year in jail for 85 grams of cannabis. Meanwhile they say, authorities turn a blind eye to some Health Canada licence holders who break the rules, like the one that shipped 12,000 kilograms of illegally grown cannabis across the country and to Denmark. That should have resulted in jail time and massive fines, but authorities have not imposed either.

“It’s not that we think anyone should go to jail for cannabis; they shouldn’t,” said Jamie Shaw, Chief Communications and Culture Officer, “but neither should we be continuing the same discrimination and inequality that prohibition enabled.” Pardons are not enough she says, explaining that the difference between a pardon, and expungement is that a pardon essentially ‘forgives’ the person in question. “When the law was wrong, you shouldn’t need forgiveness, and it shouldn’t continue to affect your life.”

John Conroy, a long-time civil rights advocate and lawyer who has been involved in multiple cannabis cases, including the Allard decision that granted patients the right to grow their own cannabis, agrees pardons don’t go far enough. He points out that a pardon really means the record is “moved into a different filing cabinet” and that it can be revoked in certain circumstances. “The problem in this day and age is that simply having your name in a digital database associated with some prior conduct can lead authorities to deny you something,” he said.

“What we need, if it is at all possible, is a sanitizing of all government digital databases and particularly law enforcement databases, including Customs and Excise,” said Conroy. “By searching for the word ‘cannabis’ or ‘marijuana’ in all these databases and deleting from them any data or details that are potentially prejudicial simply because of an association to circumstances in which cannabis was involved.”

Pasha Brands calls for a proper review of post-prohibition enforcement, citing that people of colour and marginalized individuals in Canada continue to be disproportionately subjected to the enforcement of new cannabis laws, while authorities seem to turn a blind eye to corporate cannabis rule-breakers.

For full press release – https://www.newswire.ca/news-releases/pasha-brands-critical-of-post-prohibition-cannabis-enforcement-882268086.html

Sept. 12, 2019 - Pasha Brands makes Historic Submission to the BC Liquor Distribution Branch to Transition Prohibition Era Brands

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC:CRFTF) (FSE: ZZD), North America’s largest craft cannabis brand house, is pleased to announce that it has submitted a product call application package in consideration for supplier approval from the BC Liquor Distribution Branch (BCLDB), in hopes of becoming the first vendor to supply British Columbia’s provincial distributor with craft cannabis products. This is the second application of its kind for Pasha, the first being for the Ontario Cannabis Store (OCS) earlier this year, and marks the company’s ability to bring quality craft cannabis products from recognized pre-legalization brands to market in an efficient and timely manner.

Through Pasha’s numerous craft brands, this application offers the Province of British Columbia the opportunity to access to its differentiated consumer-focused products from accomplished local brands and Canadian craft farmers. By way of its recently acquired Vancouver Island-based licensed producer, MedCann, currently undergoing a name change, Pasha will process wellness-use craft products including pre-rolled premium flower, extracts, capsules, edibles, vaporizer oils, and topicals.

Pasha is proud to submit products from its prohibition-era brands family, brands firmly rooted in British Columbia’s craft cannabis industry, to the BCLDB – the only public legal retailer of cannabis in the province. Brands included in the 32-product initial application package include several brand names and production formulations: 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 BCLDB signifies that Pasha and its subsidiaries are ready to enter the legal market with these products. “These brands were built by people with long-range vision and, for most, their narratives are small business established by locals in British Columbia,” said Dr. Brigitte Simons, Chief Scientific Officer at Pasha Brands, who oversaw the submission. “It’s time to bring these highly sought-after craft products to the BC consumers who love them.”

Jason Longden, CEO of Pasha, added, “Seeing all the Pasha brands coming together and creating a team transitioning from the traditional market to offer unique craft cannabis products is really exciting. It will be a privilege to share our mindfully developed products with a larger demographic.”

For full press release – https://www.newswire.ca/news-releases/pasha-brands-makes-historic-submission-to-the-bc-liquor-distribution-branch-to-transition-prohibition-era-brands-868407392.html

Sept. 10, 2019 - Pasha Brands Announces Acquisition of Pre-Roll Brand Roll Model

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), Canada’s largest craft cannabis brands organization, announces the acquisition of the brand Roll Model. The brand previously formed the basis for a leading pre-legalization manufacturer and purveyor of premium cannabis pre-rolls based in Vancouver, BC. Through its licensed subsidiary, Medcann Health Products Ltd. (“Medcann“), Pasha expects to be able to have Roll Model pre-rolls on the shelves of preferred licensed retailers by the end of Q4.

“We are thrilled to have Roll Model join our family of legacy brands,” said Patrick Brauckmann, Executive Chairman of Pasha Brands. “Its established reputation for quality and the craft market made this acquisition a must for Pasha, and I’m sure Canadian cannabis consumers will appreciate the craftsmanship behind the brand as much as we do.”

Under its previous owners, the Roll Model brand developed a following and reputation for providing an elevated smoking experience to cannabis consumers by using only the highest quality, lab-tested BC bud, in a well-crafted and convenient pre-rolled format. While pre-rolls are often thought to consist of poor quality “shake” or “trim”, products marked under the Roll Model name have always been produced with premium craft cannabis grown in British Columbia. Pasha expects that its subsidiary Medcann will soon be in a position to manufacture pre-rolled joints using cannabis grown by micro cultivators which have joined Pasha’s network of craft producers.

“Joining the Pasha family means the Roll Model name will continue its mission of providing a premium cannabis experience and reducing stigma for cannabis in the legal market,” said creator John Lee in reaction to the news. “We couldn’t have found a better home for the brand. Pasha is mission-driven to honour and bring prohibition-era people and products to market, and it’s a privilege to be working with such a group.”

Pasha has acquired all of Roll Model’s trademarks, names, and intellectual property, and will re-launch the brand in the Canadian regulated market in the coming months. Already, Roll Model products have been included in several product offering packages presented to provincial wholesalers, including Ontario and British Columbia.

For full press release – https://www.newswire.ca/news-releases/pasha-brands-announces-acquisition-of-pre-roll-brand-roll-model-824759763.html

Sept. 4, 2019 - Pasha Brands Acquires Iconic Brand Baked Edibles

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), Canada’s largest craft cannabis brands organization, has announced it has acquired the brand “Baked Edibles” (“Baked Edibles“), previously used by Canada’s longest-running commercial cannabis bakery. In its previous iteration, Baked Edibles was an iconic pre-legalization brand that served Canadians for years and will now take its place among leading edible brands in the regulated market.

Under previous ownership, from its base in Victoria, Baked Edibles supplied premium edibles, cannabis oils, capsules, and topicals to the Canadian market beginning in 2015, following the R v. Smith Supreme Court ruling, which declared the legal right to possess cannabis derivatives for medical purposes. In addition to an exceptional line of products, Baked Edibles differentiated itself from other grey market edibles brands by sourcing high quality ingredients, and, in the interest of public health and safety, providing customers with valuable product information and dosing guidelines. It was also the first cannabis bakery in Canada to receive a municipal business licence.

In obtaining the Baked Edibles brand and its associated intellectual property, Pasha will rework the brand’s product line-up to better suit Health Canada’s forthcoming amendments to the Cannabis Act, while maintaining the Baked Edibles spirit by utilizing existing recipes and using high quality ingredients.

A long-time favourite in the grey market among consumers, the Baked Edibles name formed the basis for an operation that was a pioneer in the areas of dosage control, best-in-class standard operating procedures, and product consistency.

“This is a natural fit for Pasha and exemplifies our approach to bringing authentic cannabis brands into the legal marketplace,” said Jason Longden, CEO of Pasha. “Baked Edibles has been a force in the Canadian cannabis industry and has inarguably set the standard of what high quality edibles should be. With Health Canada regulations for edibles and consumables anticipated in the coming months, we look forward to further developing our product offering.”

For full press release – https://www.newswire.ca/news-releases/pasha-brands-acquires-iconic-brand-baked-edibles-891022925.html

Aug. 12, 2019 - Pasha Brands Secures Supply Agreement with Canada's First Licensed Micro Processor, North 40 Cannabis

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), North America’s largest craft cannabis brand house, is pleased to announce that its wholly owned subsidiary, BC Craft Supply Co. Ltd (“BC Craft“), has signed a supply agreement with Canada’s first licensed micro processor, North 40 Cannabis (“North 40“).

Founded by Gord Nichol in Nipawin, Saskatchewan, North 40 Cannabis received its micro-cultivation and micro-processing licences from Health Canada on July 26, 2019. Under the agreement with Pasha, North 40 will supply BC Craft with North 40’s annual production, to be sold as dried flower and other cannabis products in Canada.

“I’m absolutely thrilled to have signed an agreement with a company like Pasha,” said Gord Nichol, founder of North 40 Cannabis. “They have shown micro cultivators like me that they are dedicated to ensuring craft producers in Canada will flourish under legalization. I’m excited to move ahead and looking forward to our first harvest this year.” North 40 Cannabis will plant its first legal crop in August 2019 and harvest later in the fall.

With Canada’s current licensed cannabis producers only able to supply an estimated 15 per cent of what Canadians are consuming, Pasha is optimistic that, in addition to its previously established supply agreement with Hearst Organic, this new supply agreement with a licensed micro cultivator and micro processor will help correct the cannabis supply imbalance and bring exciting new products to market. Each micro cultivator in Canada will be able to produce approximately 500 kilograms of cannabis per year, while each micro processor can process up to 600 kilograms of cannabis per year. Canada has tens of thousands of craft producers operating in the illicit cannabis market and Pasha’s wholly-owned subsidiary BC Craft Supply Co. is focused on helping as many small farmers transition into the regulated market as possible.

“Signing this agreement with Canada’s first micro processor is very significant as it affirms BC Craft’s business model with not only the micro-cultivation market but also now with processors,” said Jason Longden, CEO of Pasha Brands in reaction to the news. “North 40 has established a state-of-the-art cultivation and processing facility and we are proud to work with such an innovative team. This is simply the next step in fulfilling our goal of becoming the biggest producer of craft cannabis products in Canada and I’m confident North 40 will help us bring Canadians more of the cannabis that they’re looking for.

For full press release – https://www.newswire.ca/news-releases/pasha-brands-secures-supply-agreement-with-canada-s-first-licensed-micro-processor-north-40-cannabis-859913907.html

Aug. 7, 2019 - Pasha Brands Receives Clearance from the Depository Trust Company

Pasha Brands Ltd. (“Pasha” or “Company“) (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), today announced that the Company has secured eligibility by the Depository Trust Company (DTC) for its shares on the OTC Markets.

The DTC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC), which manages the electronic clearing and settlement of publicly traded companies in the United States. Securities that are eligible to be electronically cleared and settled through the DTC are considered DTC-eligible. Pasha’s common shares are now fully DTC-eligible, and trade under the symbol “CRFTF” on the OTC Markets. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors.

“We are very pleased to have obtained DTC eligibility,” said Patrick Brauckmann, Executive Chairman of Pasha Brands. “This status will make the process of trading our stock in the United States much easier. We expect that this will make our shares available to a larger percentage of the investment market, which should improve the liquidity of our shares and therefore benefit Pasha and our shareholders.”

Established in 1973 under the incorporation laws of New York for trust companies, the DTC has grown to one of the largest securities depositories in the world holding securities valued at upwards of $54 trillion (2017).

For full press release – https://www.newswire.ca/news-releases/pasha-brands-receives-clearance-from-the-depository-trust-company-821754387.html

July 31, 2019 - Pasha Brands Announces Acquisition of Leading Topicals Brand Earth Dragon Organics

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), Canada’s largest craft cannabis brands organization, has announced the acquisition of a national brand known as Earth Dragon Organics – a leading pre-legalization manufacturer and purveyor of small batch cannabis-infused topicals, based in British Columbia.

Since its inception in 2012, Earth Dragon Organics has typified the variety of smaller, female-led and patient-focused businesses that flourished during cannabis prohibition. Earth Dragon Organics supplied THC- and CBD-infused topical products to those seeking relief from muscle pain, arthritis, nerve pain, migraines, and multiple sclerosis, among other conditions, combining cannabis with local, organic ingredients including arnica and essential oils to harness the qualities of THC and CBD.

“Becoming part of the Pasha Brands family is a huge milestone for Earth Dragon Organics in that it will allow us to scale up and make these handmade, craft products more available to the entire country,” said Tessa Serra, founder of Earth Dragon Organics and Pasha’s newly hired product manager. “This partnership is a great match and I’m looking forward to the evolution that is about to take place.”

The line of handmade products including balms, creams, body butters, sunscreen, bath salts and more are not currently available as all sales have ceased to prepare their entrance to the regulated framework with product manufacturing located at Pasha’s licenced processing facility on Vancouver Island. Pasha has acquired all of the brand’s trademarks, names and intellectual property and will re-launch the brand in the Canadian regulated market after the appropriate regulations is passed on October 17, 2019. According to the federal Canadian Cannabis Survey 2018, in the last year alone, the number of Canadians using topicals for pain relief has doubled (from seven to 14 percent).

“This is exactly the kind of business legalization has been leaving behind, and Pasha is honoured to help bring Tessa’s passion for creating sustainably made, handcrafted cannabis-infused topicals into the legal market,” said Patrick Brauckmann, Executive Chairman of Pasha Brands. “We’re lucky to have her skillset as a product developer and manufacturer on the Pasha team, and glad we will be able to make her cherished products available again soon.”

Following the passing of regulations that will enable licensed producers to make and sell edibles, extracts, and topicals, Pasha will seek provincial and territorial distribution for the brand. The company has already submitted an Earth Dragon Organics product line in an application to the Ontario Cannabis Store. 

For full press release – https://www.newswire.ca/news-releases/pasha-brands-announces-acquisition-of-leading-topicals-brand-earth-dragon-organics-811156608.html

July 29, 2019 - Pasha Brands Secures Historic Supply Agreement with Licensed Micro-Cultivator, Hearst Organic Cannabis

Pasha Brands Ltd. (“Pasha“) (CSE: CRFT) (OTC:CRFTF) (FSE:ZZD), North America’s largest craft cannabis brand house, is pleased to announce that its wholly owned subsidiary, BC Craft Supply Co. Ltd (“BC Craft“), has signed a supply agreement with Canada’s first licensed micro-cultivator applicant, Hearst Organic Cannabis (“Hearst“).

Founded by Joël Lacelle in Hearst, Ontario, Hearst Organic Cannabis received its micro-cultivation licence from Health Canada on July 12, 2019. Under the new agreement, Hearst will supply BC Craft with its ongoing production to be sold as dried flower. BC Craft has agreed to process and package this flower before it is destined for licensed retailers.

“Joël and his team started with a shovel and navigated the licensing process in just over nine months,” said Jason Longden, CEO Pasha Brands. “They represent the first truly craft producer to be licensed as a micro-cultivator in Canada, the first of many BC Craft intends to bring to market, so this agreement is historic.”

With Canada’s current licensed cannabis producers only able to supply an estimated 15 per cent of what Canadians are consuming, Pasha is optimistic that this new supply agreement will help correct the cannabis supply imbalance. Each micro cultivator in Canada will be able to produce approximately 500 kg of cannabis per year. Canada has tens of thousands of craft producers operating in the illicit cannabis market and BC Craft is focused on helping as many small farmers transition into the regulated market as possible.

“Building Hearst and receiving my Health Canada licence has been a challenge, but I’m encouraged by the high demand for craft products,” said Joël Lacelle, Founder of Hearst Organic Cannabis. “I’m proud to partner with the team at Pasha and BC Craft as they have clearly demonstrated their passion for supporting all craft cannabis producers in Canada.”

Hearst Organic Cannabis will plant its first legal crop in August 2019 and harvest later in the fall.

For full press release – https://www.newswire.ca/news-releases/pasha-brands-secures-historic-supply-agreement-with-licensed-micro-cultivator-hearst-organic-cannabis-878669407.html

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