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Pasha Brands Completes Reverse Takeover and Listing on Canadian Securities Exchange

Published: 05/29/2019

Team: Sam Cole, Sam Chapman, David Hansford, Peter Henein, Noelle Engle-Hardy, Shauna Towriss, Christopher B. Norton

On May 29, 2019, Pasha Brands Ltd. (formerly, Broome Capital Inc.) completed its going public transaction by way of reverse-takeover of Broome Capital Inc., and was listed for trading on the Canadian Securities Exchange under the ticker symbol “CRFT”.   Pasha is Canada’s largest craft cannabis brands organization, and assists micro-cultivators in obtaining licensing and managing their production and operations. In connection with completion of the going public transaction, Pasha completed equity and debt financing rounds for gross proceeds of approximately $25 million.

Cassels Brock acted for Pasha with a team that included Sam Cole and Sam Chapman (Securities), David Hansford (Cannabis), Peter Henein and Noelle Engle-Hardy (Intellectual Property), Shauna Towriss (Real Estate) and Chris Norton (Tax).