- Pasha Brands (CSE:CRFT) has formed a partnership with fellow cannabis company, Indiva (TSXV:NDVA) through a master processing agreement
- The companies will manufacture and distribute pre-rolls and jarred flowers, curated from a network of artisanal cannabis growers
- The partnership should begin processing cannabis by the end of this month
- Pasha Brands (CRFT) is up 46.15 per cent, and is currently trading for 9.5 cents per share
- Indiva (NDVA) is down 8.99 per cent, and is currently trading for $0.40 per share
Pasha Brands (CSE:CRFT) has formed a partnership with fellow cannabis company, Indiva (TSXV:NDVA) through a master processing agreement.
Through the agreement, Pasha and Indiva will manufacture and distribute pre-rolls and jarred flower cannabis products.
The companies will use cannabis curated from Pasha’s subsidiary, BC Craft Supply, and its national network of artisanal cannabis growers.
The companies intend to highlight the skills of Canada’s micro-growers and make their unique crops available to consumers. In doing so the companies hope to elevate Canada’s current cannabis market.
Pasha’s Chief Executive Officer, Matthew Watters said this was a significant step for Pasha in realizing its vision to bring high-quality micro producers into the legal market.
“Our partnership with Indiva will leverage their world-class manufacturing capabilities, and equally strong distribution network within Canada, to produce pre-rolls and jarred flower that sets new industry standards.
“We take a lot of pride in our network of micro producers, and are excited to work collaboratively to bring their artisanal cannabis to market, particularly at a time when quality product is in high demand,” he said.
The master processing agreement between Pasha and Indiva is for a one-year term, but is renewable. After each party recovers costs, both of them will share in the net revenue from the agreement.
The partnership should begin processing cannabis by late May, 2020.
Pasha Brands is up 46.15 per cent, and is trading for 9.5 cents per share, as of 2:26pm EDT.
Indiva is down 8.99 per cent, and is trading for $0.40 per share, as of 2:15pm EDT.
