Our founding began with a group of talented and passionate people who foresaw great potential in legal cannabis markets and shared a vision for the future.
Through diligent research and development of traditional hashish industry operations all over the globe, our highly adaptable business model was created, funding was secured, and The Hash Corporation was introduced to the world.
With award-winning allies and licensed partners in Canada, we’ve built commercial scale, complimentary production methods that contribute immensely to the success of cannabis companies in a turbulent and rapidly evolving business landscape.
Launching our flagship Gold Seal Hash, Blonde Hash, and Single Source Kief products in the Canadian marketplace has been a truly rewarding and educational experience, one that we are replicating around the globe as cannabis legalization continues its spread.
Under new private ownership, HashCo is expanding with fresh and exciting developments, enriching partnerships, and consistent reliable products to supply our valued consumers – while our core value remains the same as always:
Toronto, Ontario–(Newsfile Corp. – May 29, 2024) – The Hash Corporation (CSE: REZN) (“HashCo” or the “Company“), is pleased to announce that it has entered into an asset purchase agreement (the “Asset Purchase Agreement“) with 1000592191 Ontario Inc. (“191 Ontario“) dated May 23, 2024, pursuant to which 191 Ontario will acquire all or substantially all of HashCo’s assets, which include, but are not limited to, physical inventory and intellectual property relating to HashCo’s business for a total cash purchase price of CA$350,000 plus the value of the Company’s physical inventory on closing (the “Asset Sale“), of which a CA$50,000 refundable deposit has already been paid by 191 Ontario to HashCo’s counsel in trust.
Asset Sale
Under the terms of the Asset Purchase Agreement, 191 Ontario will acquire all of HashCo’s intellectual property and all license, customers, suppliers, partners and collaborators agreements relating to its cannabis-based hashish and other cannabis products.
The Asset Sale is expected to be completed in and around Q3 of 2024. It remains subject to the satisfaction of customary closing conditions, including applicable regulatory approvals, and the approval of the Company’s shareholders. The Company intends to hold a special meeting (the “Meeting“) of its shareholder to approve the Asset Sale, at which two-thirds (2/3) of the Company’s shareholders present in person or represented by proxy must approve the Asset Sale. Further information regarding the Meeting and the Asset Sale will be provided in a management information circular, which will be mailed to the Company’s shareholders in due course. Investors are cautioned that, except as disclosed in the management information circular, any information released or received with respect to the Asset Sale may not be accurate or complete and should not be relied upon.
Upon closing of the Asset Sale, the Company will focus its efforts on identifying and evaluating suitable assets or businesses to acquire or merge with, with a view to maximizing value for shareholders. The Company will likely have to raise additional capital to fund such initiatives.
The Asset Sale constitutes a “related party transaction” of HashCo, within the meaning of Multilateral Instrument 61-101 – Protections of Minority Security Holders in Special Transactions (“MI 61-101“) as the Vice-President of Production of HashCo is also the principal of 191 Ontario. The Company determined that the Asset Sale is exempt from the formal valuation and minority approval requirements of MI 61-101 in reliance of the exemption contained in section 5.5(b) as the Corporation’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the related parties did not exceed 25% of the Corporation’s market capitalization.
About The Hash Corporation
HashCo is a Canadian company focused on the production and sale of cannabis-based hashish and other cannabis products. HashCo applies its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additives and carcinogenic solvents. The Company intends to tailor its product offerings to pay tribute to historic traditions, fragrances and tastes, while upholding the highest health and safety standards.
As of the date of this press release, HashCo is actively selling all or substantially of its assets. Upon completing the sale, HashCo will focus its efforts on identifying and evaluating suitable assets or businesses to acquire or merge with, with a view to maximizing value for shareholders.
For further information, please contact:
Chris Savoie Chief Executive Officer and Director Tel: 1-833-420-7396 Email: chris@hashco.ca
Forward-Looking Information and Cautionary Statements
Forward-Looking Information and Cautionary Statements
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the stated terms, benefits, and timing of the Asset Sale and Asset Purchase Agreement; the Company’s intentions to obtain all necessary approvals required to complete the Asset Sale, including the holding of the Meeting and the obtaining of shareholder approval to proceed with the Asset Sale; and the stated plans of the Company.
Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the Company’s ability to carry out the stated terms and realize upon the stated benefits of the Asset Sale and Asset Purchase Agreement under the stated timelines; the Company’s ability to obtain all necessary approvals required to complete the Asset Sale; and the Company’s ability to carry out its stated plans.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the Company’s inability to continue as a going concern; the Company’s inability to carry out the stated terms and realize upon the stated benefits of the Asset Sale and Asset Purchase Agreement under the stated timelines; the Company’s ability to obtain all necessary approvals required to complete the Asset Sale; and the Company’s ability to carry out its stated plans.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated, including but not limited to: the inability of the Company to continue as a going concern; the Company’s inability to carry out the stated terms and realize upon the stated benefits of the Asset Sale and Asset Purchase Agreement under the stated timelines; the Company’s inability to obtain all necessary approvals required to complete the Asset Sale; and the Company’s inability to carry out its stated plans.
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Toronto, Ontario–(Newsfile Corp. – February 1, 2023) – The Hash Corporation (CSE: REZN) (“HashCo” or the “Company”), a business focusing on the production of hashish and other premium cannabis products using the adaption of old-world traditions, is pleased to provide its year-end letter to shareholders.
#HASH Update#
Dear HashCo shareholders,
2022 was an active year for the HashCo team, and we are excited to highlight our accomplishments and provide an update on challenges and expectations for 2023.
2022 HIGHLIGHTS AND CHALLENGES
Licensed Facility Partnerships. In the onset of 2022 HashCo recognized that we were building out production capabilities that were not yet shown necessary. To alleviate and reduce the cost burden of the excess capacity we terminated our agreement to produce products at the Black Rose facility. We continue to occupy and produce products in our dedicated production space within the Medz Cannabis facility located in Etobicoke, Ontario.
HashCo Products in Ontario. 2022 marks the first full year of HashCo branded products being available to consumers. Beginning the year with 2 SKU’s available, we increased to 5 SKU’s available to the Ontario market by the end of the calendar year, with an additional SKU accepted for spring 2023.
Medical Offering. In Q2 HashCo products became available to medical cannabis patients coast to coast via Mendo Medical Cannabisonline ordering platform.
Canadian Expansion. HashCo has progressed its brand reach by successfully listing products in Saskatchewan and Nunavut with several other provincial applications in process.
Smoking Accessories. Early in 2022 HashCo teamed up with a renowned Canadian glass artist to create a unique hash smoking device. The branded “HashCo Hash Kettle” has been offered throughout the year to preferred cannabis retail partners in Ontario. The launch of HashCo accessory products has proven a useful tool in creating marketing buzz, especially on social media platforms.
Operational Restructure. Over the course of the year management identified inefficiencies in our fulfillment process. Preparing and packaging products based on forecasts from wholesale partners, we found ourselves over inventoried and staffed at various points throughout the year. At the end of Q3 we transitioned our production strategy to produce and package materials on-demand, greatly improving our production efficiency.
Capital Markets. Capital markets remain difficult for the cannabis industry with little to no appetite for investors to make new investments to the industry. We were not immune to the cash flow crunch and attempted to raise capital through debt in Q2, and only officers participated.
Inconsistent Forecasting. Forecasting production needs has been consistently challenging within the cannabis industry. Retailers in every province operate differently and almost all have a private or crown corporation acting as gatekeeper between the producers and retailers. HashCo’s recent restructure allows us to remain lean and nimble in fulfilling orders to multiple provinces quickly and efficiently.
Supply Agreement. HashCo throughout 2021 and Q1 and Q2 of 2022 HashCo was supplying Canada House Wellness Group with Hashish for the Quebec market. In Q3 the agreement was not extended.
LOOKING FORWARD
Wholesale Supply. In Q4 HashCo began providing a preroll supplier with hashish to be utilized in their “infused prerolls”. We are committed to working with this client to satisfy the specific material requirements necessary for their products, and to continue working with leading Canadian brands in development of innovative hash products.
Provincial Expansion. Management is actively working to secure agreements for all additional provinces, with the goal of having HashCo branded SKU’s available on retail shelves coast to coast.
Product Launches. HashCo is anticipating several new product launches in 2023 while remaining committed to producing hashish and hashish-based products. Our focus on being best in class for a narrow category is what will continue to set us apart from our jack of all trades competitors.
Smoking Accessories. We will continue to build on the “Hash Kettle” accessory business by bringing new designs and a larger volume of HashCo branded accessories to market.
Strategic Capital Markets Planning. HashCo’s management and board of directors are working to analyze the best path forward to unlock maximum shareholder value, including restructuring and transactional opportunities.
“HashCo has made difficult decisions during 2022 to rightsize its production, the industry overall is in a consolidation phase and HashCo must be open to all strategic opportunities to attempt to unlock value for its shareholders.” – Donal Carroll, CFO
“HashCo’s adaptability has made it possible to sustain a 100% fulfillment rate across a growing list of SKU’s through a demanding reorganization period. With planned expansion into new markets throughout 2023 HashCo looks forward to a very exciting year of consistent, practical growth.” – Tyler Metford, COO
“HashCo experienced a very challenging Q3 – Provincial orders stalled for a period, delaying the launch of two new products, and a large wholesale agreement ended. At the end of the quarter we took steps to mitigate our fixed costs and switched to an on-demand model for production and order fulfillment. This operational restructure gives us more flexibility in the utilization of our inventory, as well, placing labour on a direct cost basis for product already sold to a licensed buyer.” – Chris Savoie, CEO
Thank you for your support,
Chris Savoie
Neither the Canadian Securities Exchange nor its Market Regulator (as such term is defined in the CSE policies) has reviewed or accept responsibility for the adequacy or accuracy of this news release.
About The Hash Corporation
The HashCo is a Canadian company positioning itself to focus on the production and sale of cannabis-based hashish and other cannabis products. HashCo intends to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additives and carcinogenic solvents. The Company intends to tailor its product offerings to pay tribute to historic traditions, fragrances and tastes, while upholding the highest health and safety standards.
As of the date of this press release, HashCo is actively seeking and developing partnerships and collaborations with licensed cultivators and other strategic partners within Canada, with the goal of crafting and introducing to the regulated market authentic products which reflect quality and innovation.
For further information, please contact:
Chris Savoie Chief Executive Officer and Director Tel: 1-833-420-7396 Email: chris@hashco.ca
Forward-Looking Information and Cautionary Statements
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company positioning itself to focus on the production and sale of cannabis-based hashish and other cannabis products; the Company’s intention to produce high-quality cannabis resin products, which are all-natural and free of additives and carcinogenic solvents; the Company’s intention to provide product offerings to pay tribute to historic traditions, fragrances and tastes, while upholding the highest health and safety standards; the Company’s plans in seeking and developing partnerships and collaborations with licensed cultivators and other strategic partners and the goals thereof; the Company’s expectations that it will be able to continue to produce its products in its facilities; the Company’s intention to apply to various provincial purchasers for the listing of the Company’s products and the receipt of continued approvals thereof; the continued positive marketing feedback of the Company’s accessory products; the Company to continue to benefit from its recent restructuring; the Company’s continued work with certain clients and leading Canadian brands in the development of innovative hash products; the Company’s anticipated product launches in 2023, its commitment to producing hashish and hashish based products, and its focus to being best in class; the Company’s continued work on the “Hash Kettle” accessory business; the Company’s continued work to unlock maximum shareholder value; the Company’s planned expansion into new markets and its anticipation that 2023 will be a year of consistent and practical growth; and the Company’s restructuring to continue to provide the Company flexibility in the utilization of its inventory and placing labour on a direct cost basis for products already sold to a licensed buyer.
Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in popularity of craft-style hash products; the Company’s ability to continue to develop its products offerings; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued growth of the Company; the Company’s ability to finance the sale of its products; the Company’s ability to effectively scale-up its production activities; the Company’s ability to seek and develop partnerships and collaborations with licensed cultivators and other strategic partners; the Company’s ability to continue to produce its products in its facilities; the Company’s ability to apply to various provincial purchasers for the listing of the Company’s products and maintain the continued approvals thereof; the Company to continue to receive positive marketing feedback of the Company’s accessory products; the Company’s ability to continue to benefit from its recent restructuring; the Company’s ability to work with certain clients and leading Canadian brands in the development of innovative hash products; the Company’s ability to carry out its product launches in 2023, its commitment to producing hashish and hashish based products, and its focus to being best in class; the Company’s ability to work on the “Hash Kettle” accessory business; the Company’s ability to unlock maximum shareholder value; the Company’s ability to carry out its. planned expansion into new markets and that 2023 will be a year of consistent and practical growth for the Company; and the Company’s restructuring will continue to provide the Company flexibility in the utilization of its inventory and place labour on a direct cost basis for products already sold to a licensed buyer.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the cannabis and hash industry in general; increased competition in the cannabis and hash market; the potential future unviability of craft-style hash products; the inability of the Company to sell its cannabis-based hash products; the inability of the Company to apply to various provincial purchasers for the listing of the Company’s products and the maintenance of such listings thereof; lack of demand for the Company’s craft-style hash products, and potential inaccuracy with respect to the effect said demand will have on the number of SKUs; the Company’s potential inability to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products; the inability of the Company to develop partnerships and collaborations with licensed cultivators and other strategic partners; and risks associated with a potential collapse in the value of cannabis and craft-style hash products; risks associated with the Company’s ability to continue generating a profit; the continued growth of the Company; the Company’s ability to finance the sale of its products; the Company’s ability to effectively scale-up its production activities; the Company’s inability to continue to produce its products in its facilities; the Company to continue to receive positive marketing feedback of the Company’s accessory products; the Company’s inability to continue to benefit from its recent restructuring; the Company’s inability to work with certain clients and leading Canadian brands in the development of innovative hash products; the Company’s inability to carry out its product launches in 2023, its commitment to producing hashish and hashish based products, and its focus to being best in class; the Company’s inability to work on the “Hash Kettle” accessory business; the Company’s inability to unlock maximum shareholder value; the Company’s inability to carry out its planned expansion into new markets and that 2023 will not be a year of consistent and practical growth for the Company; and the Company’s restructuring will not continue to provide the Company flexibility in the utilization of its inventory and will not place labour on a direct cost basis for products already sold to a licensed buyer.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Cannabis consumers are a broad spectrum of individuals with greatly varied belief systems, values and unique tastes. We’re made up of the casual evening or weekend toker, the enthusiast ‘chronic’ consumer whose intake levels might involve two dabs of extracts, a bong topped with kief and a couple of hash-rosin-infused gummies in their morning routine, and everyone who indulges in between.
Many of us will develop highly specific preferences for the type of cannabis product, intake method and accessories involved. Some take an almost ritualistic approach, while others are forever content mixing it up, trying all the different types and methods of consuming cannabis available. Innovative humans have been adapting and evolving the cannabis plant for generations. We’ve tried countless ways of collecting, using and consuming its parts, leading us to ask, Why all this experimenting?
To make the most of our cannabis.
As most of you already know; the cannabis plant is an incredibly complex bio-chem pharma factory with potential to produce more than 500 different compounds including cannabinoids, terpenes, phenols, isomers and esters. A great number of these chemicals are created within the small sticky trichomes that coat the plants’ buds. We’re still learning which of these elements within cannabis plants interact with our bodies’ endocannabinoid system in meaningful ways.
Cannabinoids are the obvious headline compounds of the plant, with abilities to interact with the vast receptor sets present throughout our brains and bodies. Endogenous cannabinoid receptors within the body are the locks where exogenous cannabinoids, like consuming hash, are perfectly matched keys. At time of writing there are 110+ distinct cannabinoids scientists have isolated from the cannabis plant.
Terpenes are volatile aromatic compounds that largely contribute to the scents and tastes of herbs and flowers. Like cannabinoids, terpenes are produced and housed in the trichomes of the cannabis plant. Although most terpenes are only present in trace amounts, the most prominent few in each cannabis strain give it a signature smell and taste profile. Different ratios of combined terpenes are responsible for the highly varied odours and flavours of cannabis plants and concentrates; everything including that distinctively skunky smell that turns people’s heads, that super unique kush smell, to the bright floral and fruity flavours some of us absolutely adore.
Cannabis products with a higher concentration of these rare terpene compounds often have much more flavour and effect. So, if we know cannabinoids and terpenes matter most when it comes to smell, taste and experience, how do we get the best out of our buds? Simply put; by getting rid of the waste.
If ‘the good stuff’ only makes up a small percentage of the plant, why do cannabis users consume so much of the parts that offer so little? There’s a good argument to be made that instead of using whole flower, consumers might want to consider buying the best and most effective parts of the plant; the trichomes. Not only would they access more of the compounds we truly want, but we reduce consuming parts of the plant we don’t want when consumed, especially when combusted.
How you consume your cannabis plays a role in maximizing its potency. With dry herb, a 2004 study compared the compounds released with a vaporizer versus combusting cannabis in a glass pipe. Cannabinoids like THC accounted for over 94% of the vapour from the vaporizer while only three ‘useless’ compounds present. On the other hand, over 88 compounds were identified in smoke from the glass pipe, leaving only 12% of THC available for ingestion. That’s like smoking a bunch of dried lettuce.
We propose that it’s time to ditch the waste, go for the taste and experience the plant in a more efficient way: Cannabis Concentrates.
Created in a myriad of ways, ultimately cannabis concentrates are produced by collecting cannabinoid and terpene rich trichome glands while neglecting ‘waste’ plant material like chlorophyll. Cannabis concentrates can be found in numerous forms, and articles detailing the variety of names (Hash, Sift, Bubble, Oil, Rosin, Resin, etc…) with their associated production methods for the many differing finished products exemplify the wealth of information and material science that was built largely prior to regulation by our legacy community. The breadth of this knowledge speaks to the immense intelligence, resilience and persistence of the cannabis community, much of which comes from hundreds, maybe thousands of years ago…
Traditional hash, the first cannabis concentrate, is a particularly special substance of discussion. Hashish is a highly complex matrix of cannabinoid and terpene molecules that have been meticulously blended together. The volatile terpenes react with cannabinoids and other natural plant waxes and fats in the consolidated mass of trichomes to create entirely novel compounds.
Whether you’re looking for the highest potency THC isolate to dab blazing hot, or a more chilled-out nostalgic vibe like Gold Seal Hash to satisfy your indulgence, if you’re interested in increasing the efficiency of your experience (and dollars), it may be time to try some concentrates.
When it comes to cannabis, a whole lot has changed over the past decade. The global cannabis marketplace is finally transitioning from underground to fully regulated.
Legalization has created a new playing field for cannabis producers, distributors, and consumers. Cannabis regulations have effectively disrupted underground operations, opening doors for adaptable, highly-driven pre-legalization players to move from the legacy market into a regulated industry.
So what does ‘Legacy to Legal’ mean, and why is it so important?
The definition of ‘legacy’ is: something transmitted by or received from an ancestor or predecessor or from the past.
From this fundamental definition, we can begin to understand the significance of the work done by those of us whom assumed personal risk prior to regulation. Creating products, building dispensaries, and developing business opportunities in the underground or “Legacy” market could cost you your future.
Arguably, the success of the legal market is dependent on these legacy players entering the legal market, bringing with them the knowledge, skills, product development talents, and established networks earned through years of dedicated pre-legalization ground work.
What makes up ‘the market’?
The cannabis market needs diverse stakeholders to function. Who are the key players and what makes each of them so important? Let’s take a look:
Producers Growers, processors, and hashishins; these individuals are often considered the roots of the thriving cannabis marketplace. Ranging from individuals with hobby grows, to groups with underground operations, through to enormous agricultural farms and multinational corporations; these are the people, organizations and companies growing and developing quality cannabis products. Like the ‘No Farmers, No Food’ movement, without the producers there would simply not be a cannabis market. It’s a passion for the plant and the incentive of progress and sustainability that drives cannabis producers to continuously innovate and supply the market with new and exciting products.
Distributors The next key group of players in the market are the distributors. For some, this is simply “A guy I know” and for others it’s a handful of different locations, including the newest trendy shops. Let’s not forget about the convenience of online stores and delivery services as well. Distributors are the people on the front lines of the cannabis market – connecting consumers with their favourite strains and introducing them to new products. This work has matured and evolved in recent years with regulation, transforming into a role that involves networking with industry professionals, driving sales, and championing business development initiatives for legal cannabis companies.
Consumers Of course, a market wouldn’t be a market without demand. Consumer demand is a critical part of how cannabis regulations came to be. Everything producers and distributors do is ultimately for the end user. Consumer interest drives product development and supports the distributors’ ability to create new sales and supply channels, making more cannabis products available to more consumers.
How has legalization changed ‘the market’?
New ways to access
Legalization revolutionized the way people buy cannabis products, and for many longtime buyers the change has been gradual. An expansive list of so-called ‘grey market’ shops and websites bridged the gap between “someone I know” and the current, regulated marketplace in Canada… While for some, it’s an entirely new consumer experience.
More products, easier access, better education, validated safety, available analytics, and generally more choice means consumers are the biggest winners when it comes to the legal market. No longer limited to whatever strains and products your friends have, the legal marketplace is filled with hundreds of new and novel products that regulated stores are able to stock and sell with ease.
A large burden of risk has been lifted in the sense of quality, safety, and criminality. It is no longer a crime to buy cannabis flower, hash and other cannabis products in Canada from regulated sources. Accountability in cannabis products has never been higher, today’s buyers can rest assured that their money isn’t funding criminal organizations, and that the products they are purchasing are produced with exceptional quality control and oversight.
How does the ‘legal market’ and its consumers benefit from legacy players?
From enthusiasts to professionals
Just because cannabis was recently legalized does not mean all the producers, distributors, and consumers are new to the game.
While some jumped eagerly into the market hoping to cash-in with the cannabis “green rush”, the inexperienced have begun to fizzle out. Now, some of those who spent years in the industry prior to legalization are adding incredible value to the regulated marketplace. How? They have the passion, drive, and experience to make significant contributions to the legal cannabis industry.
At HashCo, our core team has over 75 years of combined legacy market experience covering everything from direct production and formulation through to marketing, branding and distribution. This wealth of participation has enabled us to create the tastes, smells, and experiences consumers demand from traditional hash products. We’ve adapted timeless, customary crafting methods from the past to incorporate modern health, safety, and quality standards. The ‘Legacy to Legal’ transition is something we’ve worked tirelessly to achieve and are very, very proud to represent.
A common saying among Legacy participants is “Before there was a cannabis industry, there was a cannabis community.” We worked together to bolster our collective efforts. Now with regulations in place it is critical we continue collaborating and supporting the efforts of our peers. Speaking the language of cannabis and understanding what cannabis consumers want, legacy players must persist in working together to shape the new cannabis industry.
Regulation opened the door for passionate entrepreneurs of the cannabis world to offer their wares to a safe, legal marketplace. Legalization has created opportunities to develop formal business relationships with partners, suppliers and clients, as well as acquiring business loans, raising capital investments, securing government contracts, creating jobs, paying taxes and generating significant revenues. Canadian Cannabis companies can now trade publicly on stock markets and export cannabis products to foreign countries…
This has been cannabis entrepreneurs’ dream for many years, and now it’s our reality.
Like this content? Follow us on Instagram @thehashcorporation to find out when we’ve hashed out a new article.
– Fritz’s HashCo Hash Rosin Gummies Now Stocked at OCS –
TORONTO, Jan. 25, 2022 (GLOBE NEWSWIRE) — The Hash Corporation (CSE: REZN) (“HashCo” or the “Company”), a business focusing on the production of hashish and other premium cannabis products using the adaption of old-world traditions, is pleased to announce that its new co-branded product with Fritz’s Cannabis Company (“Fritz’s”), a family owned and operated legacy market edibles producer, has received a listing from the Ontario Cannabis Store (“OCS”).
Developed from years of legacy market experience, Fritz’s HashCo Hash Rosin Gummies bring together a classic flavour combination with the full-spectrum effects of hash rosin for a delightful experience. Fritz’s makes the gummies using traditional German confectionary methods with low heat to ensure maximum terpene levels in the final product. Handcrafted in small batches, these 5mg gummies provide a strong, yet enjoyable cannabis taste, with minimal aftertaste and delightful effects.
HashCo’s and Fritz’s dedicated teams of legacy craftspeople operate independently within a licensed facility in Toronto, Ontario owned by Medz Cannabis Incorporated. While the hash rosin input used to produce the first commercial batch of Fritz’s HashCo Hash Rosin Gummies was manufactured by HashCo at Black Rose Organics Canada Inc.’s facility in Markham, Ontario, the Company has recently terminated that collaboration in the interest of improved efficiencies. Moving forward, production of HashCo products will be consolidated at the Medz Cannabis facility.
“We couldn’t be more excited to partner with HashCo on bringing Canada’s first hash rosin gummies to market,” commented Tabitha Fritz, founder and CEO of Fritz’s. “We’ve always believed that collaboration is better than competition, and being able to work with other companies from the legacy market is a dream come true.”
“This collaboration with Fritz’s exemplifies how two companies dedicated to honouring the traditions of generations past can combine their respective experience and know-how to bring legacy cannabis product tastes and experiences to the regulated market,” said Chris Savoie, the Chief Executive Officer and Director of HashCo. “We are proud to partner with Fritz’s and look forward to developing similar collaborations as we grow.”
OCS is the largest provincial distributor of cannabis products in Canada, the only regulated online retailer of adult-use cannabis products in Ontario, and a wholesaler of cannabis products to all licensed retailers in the province. Wholly owned by the Province of Ontario, OCS works with Licensed Producers authorized by Health Canada. All Ontario retailers purchase their product inventory through the OCS.
About Fritz’s Cannabis Company
Founded in Toronto, Canada, in 2015, the Fritz’s Cannabis Company began as a medical cannabis experiment and has developed into a passion for bringing artisanal edibles to the wider cannabis community. Fritz’s focuses on handcrafted, small-batch edibles and innovative cannabis products. Fritz’s is bringing consistent, flavourful, delicious cannabis products and exceptional experiences to the legal market.
About The Hash Corporation
The Hash Corporation (“HashCo”) is a Canadian company positioning itself to focus on the production and sale of cannabis-based hashish and other cannabis products. HashCo intends to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additives and carcinogenic solvents. The Company intends to tailor its product offerings to pay tribute to historic traditions, fragrances and tastes, while upholding the highest health and safety standards.
As of the date of this press release, HashCo is actively seeking and developing partnerships and collaborations with licensed cultivators and other strategic partners within Canada, with the goal of crafting and introducing to the regulated market authentic products which reflect quality and innovation.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the Company’s ability to sell its cannabis-based hash products; the Company’s intention to apply to various provincial purchasers for the listing of the Company’s products; the growing demand for the Company’s craft-style hash products, and its effect on the number of SKUs; the ability of the Company to reach new levels of financial performance; the Company’s ability to increase its revenue; the Company’s ability to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products; and the ability of the Company to develop partnerships and collaborations with licensed cultivators and other strategic partners within Canada.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in popularity of craft-style hash products; the Company’s ability to continue to develop its products offerings; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued growth of the Company; the Company’s ability to finance the sale of its products; and the Company’s ability to effectively scale-up its production activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the cannabis and hash industry in general; increased competition in the cannabis and hash market; the potential future unviability of craft-style hash products; the inability of the Company to sell its cannabis-based hash products; the inability of the Company to apply to various provincial purchasers for the listing of the Company’s products; lack of demand for the Company’s craft-style hash products, and potential inaccuracy with respect to the effect said demand will have on the number of SKUs; the inability of the Company to reach new levels of financial performance; the inability of the Company to increase its revenue; the Company’s potential inability to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products; the inability of the Company to develop partnerships and collaborations with licensed cultivators and other strategic partners within Canada; and risks associated with a potential collapse in the value of cannabis and craft-style hash products; risks associated with the Company’s ability to continue generating a profit.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
For further information:
Chris Savoie Chief Executive Officer and Director Tel: 1-833-420-7396 Email: chris@hashco.ca
Stephen Kilmer Investor Relations Tel: 1-647-872-4849 Email: stephen@hashco.ca
– Gold Seal Hash and Cold Tumbled Resin Now Stocked at OCS and Select Retailers –
TORONTO, Oct. 28, 2021 (GLOBE NEWSWIRE) — The Hash Corporation (CSE: REZN) (OTC: REZNF) (“HashCo” or the “Company”), a business focusing on the production of hashish and other premium cannabis products using the adaption of old-world traditions, is pleased to announce that has received product listings from the Ontario Cannabis Store (“OCS”) for its craft-style Gold Seal Hash and Cold Tumbled Resin. The two high quality nostalgic hash products are now available online at ocs.ca and through an expanding number of Ontario retail locations.
OCS is the largest provincial distributor of cannabis products in Canada and the only online retailer and wholesaler of legal recreational cannabis in Ontario. Wholly owned by the Province of Ontario, OCS works with Licensed Producers authorized by Health Canada. All of Ontario’s Licensed Retailers purchase their product inventory through the OCS.
“These, our first product listings, mark the achievement of another significant milestone for us and should come as welcome news for Ontario consumers with an appetite for authentic, traditional hashish tastes, smells, and experiences,” said Chris Savoie, the Chief Executive Officer and Director of HashCo.
About The Hash Corporation
The Hash Corporation (“HashCo”) is a Canadian company positioning itself to focus on the production and sale of cannabis-based hashish and other cannabis products. HashCo intends to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additives and carcinogenic solvents. The Company intends to tailor its product offerings to pay tribute to historic traditions, fragrances and tastes, while upholding the highest health and safety standards.
As of the date of this press release, HashCo is actively seeking and developing partnerships and collaborations with licensed cultivators and other strategic partners within Canada, with the goal of crafting and introducing to the regulated market authentic products which reflect quality and innovation.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the ability of the Company to develop partnerships with licensed cultivators and other strategic partners in Canada.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in popularity of the Company’s products; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; and the continued growth of the Company.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the cannabis industry in general; increased competition in the cannabis market; the potential future unviability of the Company’s products; risks associated with potential governmental and/or regulatory action with respect to the cannabis products; risks associated with a potential collapse in the value of cannabis products; risks associated with the Company’s ability to continue generating a profit; and the inability of the Company to develop partnerships with licensed cultivators and other strategic partners in Canada.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
For further information:
Chris Savoie Chief Executive Officer and Director Tel: 1-833-420-7396 Email: chris@hashco.ca
TORONTO, Oct. 21, 2021 (GLOBE NEWSWIRE) — The Hash Corporation (CSE: REZN) (“HashCo” or the “Company”), a business focusing on the production of hashish and other premium cannabis products using the adaption of old-world traditions, is pleased to announce that its suite of specialty hash products is now available for purchase by licensed retailers, via the Ontario Cannabis Store (“OCS”).
HashCo Gold Seal Hash honours the traditions of generations past with its familiar, all natural flavours and aromas. A hybrid blend with a recognizable terpene profile, HashCo Gold Seal Hash is an unmistakable indulgence, developed by dedicated legacy craftspeople with an intense passion for cannabis.
HashCo Cold Tumbled Resin is a strain-specific Kief offering that uniquely honours the very best parts of the cannabis plant. By adapting separation methods to keep processing temperatures extra low, the original terpene profile is better preserved and made directly accessible to the consumer.
Both products are manufactured by a dedicated team of legacy craftspeople at HashCo’s processing division operating within a licensed facility in Toronto, Ontario owned by the Company’s collaborator, Medz Cannabis Incorporated.
“As excited as we are that these two Canadian-made delicacies are, at long last, available on the regulated market in Ontario, we are not stopping there,” said Chris Savoie, the Chief Executive Officer and Director of HashCo. “In many ways, the achievement of this significant milestone marks our just crossing the starting line as we continue to work toward bringing high quality nostalgic hash products to the Canadian marketplace.”
About The Hash Corporation
The Hash Corporation (“HashCo”) is a Canadian company positioning itself to focus on the production and sale of cannabis-based hashish and other cannabis products. HashCo intends to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additives and carcinogenic solvents. The Company intends to tailor its product offerings to pay tribute to historic traditions, fragrances and tastes, while upholding the highest health and safety standards.
As of the date of this press release, HashCo is actively seeking and developing partnerships and collaborations with licensed cultivators and other strategic partners within Canada, with the goal of crafting and introducing to the regulated market authentic products which reflect quality and innovation.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the Company’s ability to sell its cannabis-based hash products produced at Black Rose’s facility in Markham, Ontario; the ability of the Black Rose to sell the Company’s products; the Company’s intention to apply to various provincial purchasers for the listing of the Company’s products; the growing demand for the Company’s craft-style hash products, and its effect on the number of SKUs; the ability of the Company to reach new levels of financial performance; the Company’s ability to increase its revenue; the Company’s ability to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products; and the ability of the Company to develop partnerships and collaborations with licensed cultivators and other strategic partners within Canada.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in popularity of craft-style hash products; the Company’s ability to continue to develop its products offerings; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued growth of the Company; the Company’s ability to finance the sale of its products; and the Company’s ability to effectively scale-up its production activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the cannabis and hash industry in general; increased competition in the cannabis and hash market; the potential future unviability of craft-style hash products; the inability of the Company to sell its cannabis-based hash products produced at Black Rose’s facility in Markham, Ontario; the inability of the Black Rose to sell the Company’s products; the inability of the Company to apply to various provincial purchasers for the listing of the Company’s products; lack of demand for the Company’s craft-style hash products, and potential inaccuracy with respect to the effect said demand will have on the number of SKUs; the inability of the Company to reach new levels of financial performance; the inability of the Company to increase its revenue; the Company’s potential inability to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products; the inability of the Company to develop partnerships and collaborations with licensed cultivators and other strategic partners within Canada; and risks associated with a potential collapse in the value of cannabis and craft-style hash products; risks associated with the Company’s ability to continue generating a profit.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
For further information:
Chris Savoie Chief Executive Officer and Director Tel: 1-833-420-7396 Email: chris@hashco.ca
The Company Expects to continue to Increase Revenue in Q3 2021 when compared with Q2 2021 and this momentum will continue in Q4 2021 while maintaining our gross margins. Based on the Increasing Sale of Cannabis-Based Hash Products
Toronto, Ontario–(Newsfile Corp. – September 16, 2021) – The Hash Corporation (CSE: REZN) (“HashCo” or the “Company”), a business focusing on the production of hashish and other premium cannabis products using the adaption of old-world traditions, is pleased to announce that it has completed its first craft batches (the “First Batch“) of commercially compliant bubble hash and rosin with the Company’s collaborator Black Rose Organics Canada Inc. (“Black Rose“). Black Rose is a Toronto-based, privately-owned company licensed for the cultivation, processing and sale of medical cannabis under the Cannabis Act.
Black Rose together with HashCo have completed and submitted the required materials to amend Black Rose’s Health Canada license to enable the sale of cannabis extracts. Once amended, Black Rose and HashCo will be able to sell the cannabis-based hash products produced at Black Rose’s facility in Markham, Ontario to provincial buyers as well as directly to Black Rose’s registered medical cannabis patients. Under the terms of the previously announced agreement between the Company and Black Rose, the two parties will share on a 50-50 basis profits from the sale of products at channels established by Black Rose for the Company and on the sale of products cultivated and/or branded by Black Rose.
Medz Update
The Company is also pleased to report that its other previously announced collaborator, Medz Cannabis Inc. (“Medz“), recently received its sales license amendment from Health Canada. The amendment now enables Medz, in collaboration with the Company, to apply to the various provincial purchasers for the listing of HashCo’s products. HashCo and Medz are working to initially have two SKUs listed in Ontario and are optimistic that the growing demand for craft-style hash products will result in an increased number of SKUs being listed with the Ontario and additional provinces over time. Gaining access to Canada’s largest consumer market for recreational cannabis products is a significant achievement for HashCo and positions the Company to reach new levels of financial performance.
Management Commentary
“Completing our first batch of rosin with Black Rose is an exciting development for HashCo. We are very happy to have selected such great partners and to be collaborating so well thus far with both Black Rose and Medz. Advancing the Company to the point of bringing our craft-style hash products to market in Ontario is invigorating and we look forward to launching many more products into the Canadian marketplace as soon as we can,” said Chris Savoie, the Chief Executive Officer and Director of HashCo.
“HashCo has started generating revenue and we expect that to increase in a meaningful way over the remainder of the 2021 fiscal year as our products begin to be distributed more broadly. I would like to thank our stakeholders for their support in helping us arrive at this point. The management team will keep striving to create shareholder value while making great products for our end consumers,” added Mr. Savoie.
About The Hash Corporation
The Hash Corporation (“HashCo”) is a Canadian company positioning itself to focus on the production and sale of cannabis-based hashish and other cannabis products. HashCo intends to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additives and carcinogenic solvents. The Company intends to tailor its product offerings to pay tribute to historic traditions, fragrances and tastes, while upholding the highest health and safety standards.
As of the date of this press release, HashCo is actively seeking and developing partnerships and collaborations with licensed cultivators and other strategic partners within Canada, with the goal of crafting and introducing to the regulated market authentic products which reflect quality and innovation.
For additional information on the Company:
Chris Savoie Chief Executive Officer and Director Tel: 1-833-420-7396 Email: chris@hashco.ca
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the Company’s ability to sell its cannabis-based hash products produced at Black Rose’s facility in Markham, Ontario; the ability of the Black Rose to sell the Company’s products; the Company’s intention to apply to various provincial purchasers for the listing of the Company’s products; the growing demand for the Company’s craft-style hash products, and its effect on the number of SKUs; the ability of the Company to reach new levels of financial performance; the Company’s ability to increase its revenue; the Company’s ability to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products; and the ability of the Company to develop partnerships and collaborations with licensed cultivators and other strategic partners within Canada.
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in popularity of craft-style hash products; the Company’s ability to continue to develop its products offerings; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued growth of the Company; the Company’s ability to finance the sale of its products; and the Company’s ability to effectively scale-up its production activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the cannabis and hash industry in general; increased competition in the cannabis and hash market; the potential future unviability of craft-style hash products; the inability of the Company to sell its cannabis-based hash products produced at Black Rose’s facility in Markham, Ontario; the inability of the Black Rose to sell the Company’s products; the inability of the Company to apply to various provincial purchasers for the listing of the Company’s products; lack of demand for the Company’s craft-style hash products, and potential inaccuracy with respect to the effect said demand will have on the number of SKUs; the inability of the Company to reach new levels of financial performance; the inability of the Company to increase its revenue; the Company’s potential inability to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products; the inability of the Company to develop partnerships and collaborations with licensed cultivators and other strategic partners within Canada; and risks associated with a potential collapse in the value of cannabis and craft-style hash products; risks associated with the Company’s ability to continue generating a profit.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Not for distribution to United States newswire services or for dissemination in the United States.
The Company Stands to Earn a Royalty from Maratek’s Potential Commercialization of the Unique Bubble Hash System
Toronto, Ontario–(Newsfile Corp. – September 14, 2021) – The Hash Corporation (CSE: REZN) (“HashCo” or the “Company”), a business focusing on the production of hashish and other premium cannabis products using the adaption of old-world traditions, is pleased to announce that it has installed and begun operating a unique, custom-designed system for making isolated bubble hash (the “CustomBubble Hash System“) that was developed in collaboration with Maratek Environmental Inc. (“Maratek“).
Based in Bolton, Ontario, Maratek is a market leader in professionally engineered solvent recycling and cannabis and hemp extraction technologies. Subject to the terms of the General Service Agreement (the “Agreement“) between HashCo and Maratek, the Company is entitled to earn a 1.5% royalty on revenues generated by Maratek from the sale of the Custom Bubble Hash System over a five-year period from the date of the Agreement.
HashCo has a vision of being the brand most preferred by hash consumers in Canada, and the partner-of-choice for licenced producers, as the legal market for this classic category of cannabis concentrate products continues to grow. The Custom Bubble Hash System was recently delivered to HashCo within the facility of its previously announced collaborator, Medz Cannabis Incorporated, which is strategically located near the Toronto Pearson International Airport.
It was designed not only to enable the Company to produce a wide range of bubble hash products of high quality, but also at a level of scale that is expected to lower per-unit costs and increase gross margins. With the Bubble Hash System now in place, the Company can advance the development of new HashCo-branded SKUs and while-label products for the Canadian adult use recreational cannabis market.
Management Commentary
“The design, and installation of the Custom Bubble Hash System is a significant milestone for our Company as it provides a competitive advantage for HashCo that is not possessed by anyone else in our industry. HashCo is now strongly positioned to execute on its goal of safely delivering authentic hashish experiences crafted to modern standards and regulations,” said Chris Savoie, the Chief Executive Officer and Director of HashCo.
“I would like to thank Maratek for collaborating with us on the design and fabrication of the Custom Bubble Hash System and I appreciate their professional and innovative approach along the way. I am optimistic that our unique Custom Bubble Hash System will attract interest from other companies in the rapidly growing global cannabis industry and that HashCo will be able to earn royalties from Maratek’s facilitation of those expected inquiries,” added Mr. Savoie.
“Maratek develops solutions for the Cananbis & Hemp market by working together with our clients to develop the ideal solutions to their problems. HashCo was the ideal partner for Maratek here, with their depth of knowledge around cannabis and hash products, as well as their team’s desire to work with us to develop their ideal Bubble Hash Solution,” said Kyle Georges, Vice President, Sales & Business Development, of Maratek.
About The Hash Corporation
The Hash Corporation (“HashCo“) is a Canadian company positioning itself to focus on the production and sale of cannabis-based hashish and other cannabis products. HashCo intends to apply its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additives and carcinogenic solvents. The Company intends to tailor its product offerings to pay tribute to historic traditions, fragrances and tastes, while upholding the highest health and safety standards.
As of the date of this press release, HashCo is actively seeking and developing partnerships and collaborations with licensed cultivators and other strategic partners within Canada, with the goal of crafting and introducing to the regulated market authentic products which reflect quality and innovation.
About Maratek
Maratek is a Canadian based, award-winning, industry leader which has proudly served industrial manufacturers globally since 1967. We have incorporated this experience into our expansion in to the cannabis & hemp industry to provide safe, automated and efficient solutions to our customers. For any inquiries regarding the new Maratek Trident Series Bubble Hash Solution, please reach out to sales@maratek.com.
For additional information on the Company:
Chris Savoie Chief Executive Officer and Director Tel: 1-833-420-7396 Email: chris@hashco.ca
Forward-Looking Statements
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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