Category: Press Releases

  • With Great Respect,

    With Great Respect,

    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:

    Share excellent hash with even better people.

    With great respect,
    – The Hash Corporation

  • The Hash Corporation Announces Asset Purchase Agreement

    The Hash Corporation Announces Asset Purchase Agreement

    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.

    https://www.newsfilecorp.com/release/211069/The-Hash-Corporation-Announces-Asset-Purchase-Agreement

  • The Hash Corporation Issues a Letter to Shareholders

    The Hash Corporation Issues a Letter to Shareholders

    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.

    https://www.newsfilecorp.com/release/153114/The-Hash-Corporation-Issues-a-Letter-to-Shareholders

  • The Hash Corporation and Fritz’s Cannabis Company Partner to Bring Hash Rosin Gummies to Ontario Consumers for the First Time

    The Hash Corporation and Fritz’s Cannabis Company Partner to Bring Hash Rosin Gummies to Ontario Consumers for the First Time

    – 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

  • The Hash Corporation Completes First Commercial Batch of Rosin in Collaboration with Black Rose

    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.

    https://www.newsfilecorp.com/release/96682/The-Hash-Corporation-Completes-First-Commercial-Batch-of-Rosin-in-Collaboration-with-Black-Rose

  • The Hash Corporation Implements Custom-Made System for Making Bubble Hash Jointly Designed with Maratek

    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 “Custom Bubble 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.

  • 2021-0601 – New Listing – The Hash Corporation (REZN)

    The common shares of The Hash Corporation have been approved for listing on the CSE.

    Listing and disclosure documents will be available at www.thecse.com on the trading date.

    The Hash Corporation is a Canadian company focused on the production of hashish and other premium cannabis products. Using the adaption of old-world traditions, the company aims to safely deliver authentic hashish experiences crafted to modern standards and regulations.

    _______________________

    Les actions ordinaires de The Hash Corporation ont été approuvées pour inscription au CSE.

    Les documents d’inscription et de divulgation seront disponibles sur www.thecse.com à la date de négociation.

    The Hash Corporation est une entreprise canadienne spécialisée dans la production de haschisch et d’autres produits de cannabis de première qualité. En utilisant l’adaptation de l’ancien traditions mondiales, la société vise à offrir en toute sécurité des expériences authentiques de haschisch conçues selon les normes et réglementations modernes.

    Issuer/Émetteur:The Hash Corporation
    Security Type/Titre:Common Shares/Actions ordinaires
    Symbol(s)/Symbole(s):REZN
    Number of securities issued and outstanding/ Titres émis et en circulation:280 120 290
    Number of Securities reserved for issuance/ Titres réservés pour émission:50 579 573
    CSE Sector/Catégorie:Life Sciences/Sciences Biologiques
    CUSIP:41809C 10 0
    ISIN:CA 41809C 10 0 5
    Boardlot/Quotité:500
    Trading Currency/Monnaie de négociation:CDN$/$CDN
    Trading Date/Date de negociation:le 3 juin/June 2021
    Other Exchanges/Autres marches:N/A
    Fiscal Year end /Clôture de l’exercice financier:Le 31 décembre/December
    Transfer Agent/Agent des transferts:Capital Transfer Agency, ULC

    The Exchange is accepting Market Maker applications for REZN. Please email: Trading@theCSE.com

    If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

    Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse:  Listings@thecse.com

    CSE Listing(s):REZN

    https://thecse.com/en/about/publications/bulletins/2021-0601-new-listing-the-hash-corporation-rezn

  • The Hash Corporation Announces Conditional Approval to List on the CSE Under the Ticker “REZN”

    Toronto, Ontario–(Newsfile Corp. – May 28, 2021) –  The Hash Corporation (“Hashco” or the “Company“) is pleased to announce that the Canadian Securities Exchange (the “CSE“) provided the Company with conditional approval on May 27, 2021 to list its common shares (“Common Shares“). The Company is in the process of filing final documents with the CSE and, subject to satisfying customary listing conditions, expects the Common Shares to commence trading on June 3, 2021 under the ticker symbol “REZN” (the “CSE Listing“).

    The Company is also pleased to report that it has closed an additional tranche of its previously announced non-brokered private placement on March 18, 2021, for additional gross proceeds of $300,000 (the “Additional Financing“). Under the Additional Financing, the Company issued 3,000,000 Common Shares at a price of $0.10 per Common Share. The Additional Financing closed on May 27, 2021. First Republic Capital Corporation acted as the lead finder for the Additional Financing. The Company paid a cash commission to eligible finders equal to 6% of the gross proceeds raised, and paid a corporate finance fee equal to an additional 4% of gross proceeds. The Company also issued compensation warrants equal to 6% of the Common Shares sold under the Additional Financing, and corporate finance warrants equal to 4% of the Common Shares sold under the Additional Financing, each being exercisable into one (1) Common Share at a price of $0.10 per Share for a period of 24 months from the date of issuance thereof. All securities issued in connection with the Additional Financing are subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.

    The net proceeds from the Additional Financing will be used by the Company for operational expansion, business development and working capital purposes.

    In connection with the CSE Listing, Yaron Conforti, Sruli Weinreb, and Jesse Kaplan resigned as directors of the Company, and Shimmy Posen has resigned as corporate secretary. The Company thanks them for their valuable contributions, and further wishes them every success in their future endeavors. The Company is pleased to announce that Donal Carroll, Tabitha Fritz, and Thomas Keevil have been appointed as directors of the Company, and Donal Carroll has been appointed as corporate secretary – all to fill the vacancies created by the foregoing resignations.

    About 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 information” within the meaning of applicable securities laws including the listing of the Common Shares on the CSE as well as information relating to the Company. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the costs of compliance with and the risk of liability imposed under the laws in which the Company is operating or will operate under including environmental and health product regulations; negative changes in the political environment or in the regulation of cannabis and the Company’s business in Canada; negative shifts in public opinion and perception of the cannabis-based hashish industry and cannabis-based hashish consumption; increasing competition in the industry; risks relating to rising energy costs; risks of product liability and other safety-related liability as a result of usage of the products; risk of shortages of or price increases in key inputs, suppliers and skilled labor; loss of intellectual property rights or protections; cybersecurity risks; constraints on marketing products; fraudulent activity by employees, contractors and consultants; tax and insurance related risks and risk of litigation.

    The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company or its financial or operating results.

    Not for distribution to United States newswire services or for dissemination in the United States.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to a U.S. Person (as defined in in Rule 902(k) of Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    https://www.newsfilecorp.com/release/85743/The-Hash-Corporation-Announces-Conditional-Approval-to-List-on-the-CSE-Under-the-Ticker-REZN

  • The Hash Corporation Enters into Product Acquisition Agreement

    Toronto, Ontario–(Newsfile Corp. – April 27, 2021) – The Hash Corporation (the “Company“, or “HashCo“), a Canadian company positioning itself to focus on the production and sale of cannabis-based hashish and other cannabis products, is pleased to announce that it has entered into a product acquisition agreement (the “Agreement“) with Canada House Wellness Group (CSE: CHV) (“Canada House“) and its wholly owned subsidiary, Abba Medix Corp., a licensed cultivator and processor under the Cannabis Act (“Abba“).

    Under the terms of the Agreement, HashCo will sell certain cannabis materials comprised of pressed dry sift hash to Abba, through the Company’s collaboration agreement with Medz Cannabis Inc., a licensed cultivator and processor under the Cannabis Act. Upon Abba’s successful listing of purchased hash materials for sale in Quebec, the Agreement will commence and will remain in effect for a period of 12 months with the option to renew for subsequent 12 month periods.

    “HashCo is extremely excited to enter into this relationship with the wonderful teams at Canada House and Abba,” commented Chris Savoie, CEO of Hashco. “This Agreement allows Hashco to leverage Abba’s established distribution channels to bring its high-quality products to hash consumers throughout the Province of Quebec.”

    About 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 Canada House Wellness Group

    Canada House Wellness Group is the parent company of Abba Medix Corp., a Licensed Producer in Pickering, Ontario that produces high quality medical grade cannabis; IsoCanMed Inc., a Licensed Producer in Louiseville, Québec growing best-in-class indoor cannabis, in its 64,000 sq. ft. production facility employing state-of-the-art vertical, aeroponic production methodologies; Canada House Clinics Inc., with clinics across the country that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from simple and complex medical conditions; and Knalysis Technologies, a provider of fully customizable, cloud-based software that links physician, provider, and patient to data that supports treatment with medical cannabis.

    Canada House Wellness Group’s goal is to become the leading cultivator of premium craft cannabis and provider of cannabinoid therapy, targeting the medical cannabis markets globally.

    For additional information on The Hash Corporation:
    Chris Savoie
    The Hash Corporation, Chief Executive Officer
    1800-420-REZN
    chris@hashco.ca
    www.thehashcorporation.com

    Forward Looking Information

    Certain statements in this press release may constitute “forward looking statements” which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements may use such words as “may”, “will”, “expect”, “believe”, “plan” and other similar terminology. Such statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. The forward-looking statements involve a number of risks and uncertainties, including, but not limited to, the Company’s stage of development, capital requirements and future ability to fund operations, regulatory requirements, general economic, and market or business conditions, and the Company’s ability to carry out its obligations under the Agreement. The forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements. In making the forward-looking statements included in this release, the Company has made various material assumptions, including, but not limited to: obtaining regulatory approvals, general business and economic conditions, the Company’s ability to successfully carry out of all its obligations under the Agreement on the terms set out in the Agreement, the purchasers’ ability to obtain approval from the Société québécoise du cannabis, the purchasers’ willingness to carry out the terms of the Agreement and purchase the Product, the Company’s ability to maintain good relationships with its partners and other third parties, market competition, and the immediate and eventual impacts of Coronavirus Disease 2019 (COVID-19) on the Company’s proposed operations and financial condition, and market demand. The foregoing list of factors is not exhaustive. The Company undertakes no obligation to update publicly or revise any forward-looking statements, whether a result of new information, future results or otherwise, except as required by law. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking-information. The foregoing statements expressly qualify any forward-looking information contained herein.

    NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

    https://www.newsfilecorp.com/release/81974

  • The Hash Corporation Announces Closing of Private Placement

    Toronto, Ontario–(March 18, 2021) – The Hash Corporation (the “Company“) is pleased to announce that it has completed a non-brokered private placement for gross proceeds of $1,505,000.00 (the “Financing“) through the issuance of 15,050,000 common shares (“Shares“) of the Company at a price of $0.10 per Share. The Financing closed on March 15, 2021.

    First Republic Capital Corporation acted as the lead finder for the Financing. The Company paid a cash commission to eligible finders equal to 6% of the gross proceeds raised, and paid a corporate finance fee equal to an additional 4% of gross proceeds. The Company also issued compensation warrants equal to 6% of the Shares sold under the Financing, and corporate finance warrants equal to 4% of the Shares sold under the Financing, each being exercisable into one (1) Share at a price of $0.10 per Share for a period of 24 months from the date of issuance thereof.

    All securities issued in connection with the Financing are subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.

    For additional information on The Hash Corporation:

    Christopher Savoie, CEO
    Phone: (416) 371-3697

    Cautionary Notes

    Certain statements in this press release may constitute “forward-looking statements” which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements may use such words as “may”, “will”, “expect”, “believe”, “plan” and other similar terminology. Such statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. The forward-looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the Company’s stage of development, capital requirements and future ability to fund operations, regulatory requirements, general economic, and market or business conditions. The foregoing list of factors is not exhaustive. The Company undertakes no obligation to update publicly or revise any forward-looking statements, whether a result of new information, future results or otherwise, except as required by law.

    NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

    https://www.newsfilecorp.com/release/77774/The-Hash-Corporation-Announces-Closing-of-Private-Placement