Known as “Hashco”, this Canadian Company is focused on the production and sale 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.
The market for nostalgically branded and premium cannabis products already exists and many consumers have expressed their preference for natural artisan products because they are natural and handmade — an artisanal craft concentrate. Hash consumers have been waiting for legal markets to supply these products.
As legal recreational cannabis sales capture more of the market share previously occupied by the unregulated marketplace, a report from Health Canada that looked at where people are purchasing their cannabis found that 41% had made a purchase from a legal storefront in 2020, significantly higher than in 2019 when it was 24%. When combined with those who purchased their cannabis from a legal source and that number is represented as 54%. This market potential is growing on a year over year basis.
(Image via The Hash Corporation.)
The team at REZN feels that the original cannabis indulgence has quietly been ignored as consumer focus has shifted to new derivatives and consumption methods. Hashco’s suite of cannabis resin products target the high-quality market and are all-natural and free of additives and carcinogenic solvents, as they are produced through distinct separation and curing techniques.
These products undergo analytical testing through multiple stages of production to ensure that output is held to health and safety standards under the Cannabis Act and GPP requirements.
Guided by the mantra of “For Hash Smokers Only”, the Company has stated that its intent is to tailor its product offerings to pay tribute to historic traditions, fragrances, and tastes. They are made only with cannabis, no flavourings, or chemical additives.
The Company is developing these products with license holders and has secured licenced processing space and commenced operations in the Greater Toronto Area to produce both white-label and its own branded products. Hashco continues to seek 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.
This diverse business network can enable significant growth in an emerging consumer focused marketplace. By leveraging the collective strengths of an exciting emerging industry, together we can innovate dynamic opportunities.
With a strong industry network already established in California, Hashco is in late-stage negotiations to bring its products to that regulated marketplace. By establishing the brand in California through a low-cost white-label partnership, it is expected to enable a strong position to capitalize on interstate opportunities should regulations allow.
(Image via The Hash Corporation. Click to enlarge.)
In a June 2021 media release detailing the news on the Company’s public listing, REZN also explained that tis board had approved the implementation of a restricted share unit (
RSU) plan, where those eligible may be allocated a number of RSU of as the Company’s board deems appropriate. The RSU reserves a maximum of 10% of the issued and outstanding shares of the Company, fixed at 28,012,029 common shares.
This could prove beneficial in the Company’s early public days, as RSUs allow a company to defer issuing shares until the vesting schedule is complete, which helps delay the dilution of its shares. RSUs can also give employees an incentive to stay with a company long term and help it perform well so that their shares increase in value.
For more details on what The Hash Corporation is offering, visit the Company's website at
www.hashco.ca.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.