The Hash Corporation begins trading on the CSE today under the symbol “REZN”
Hash Corporation is pleased to announce that it began trading at the opening of the market today June 3, 2021 under the ticker symbol “REZN” (the “CSE Listing”).
The Hash Corporation (CSE: REZN) (“Hashco“or the”Company“) is pleased to announce that it has received final approval from the Canadian Securities Exchange (the”CSE“) to register the ordinary shares of the Company (“Ordinary actions“) for trading on the CSE. The Common Shares will begin trading at the opening of the market today June 3, 2021 under the ticker symbol” REZN “(the” “CSE List“).
Following CSE registration, Hashco intends to focus on the production of hashish and other premium cannabis products. Using the adaptation of old world traditions, the company aims to safely deliver authentic hashish experiences designed to modern standards and regulations. Additional information regarding the activities of the Company can be found in the registration statement on Form 2A of the Company’s CSE, which has been filed on SEDAR and the Company’s profile on the CSE website. In addition, an investor presentation giving an overview of the Company will be available on the Company’s website at www.hashco.ca.
Adopt a restricted stock unit plan
In order to further align the interests of senior executives, key employees, consultants and directors of the Company with those of the shareholders of the Company, the Board of Directors (the “”advice“) approved the implementation of a Restricted Share Unit Plan (the”PSU Plan“). Under the PSU Plan, Eligible Persons may (at the discretion of the Board) be granted a number of Restricted Share Units (“RSU“) As the Board deems appropriate, the vesting provisions also to be determined by the Board, subject to a maximum vesting period of three (3) years from the end of the calendar year to during which the RSUs were awarded. Upon vesting, eligible participants will be entitled to receive common shares from treasury to settle all or part of a vested PSU award.
The PSU plan is a “continuous” plan reserving a maximum of 10% of the issued and outstanding shares of the Company at the time the PSU plan is approved. The maximum number of PSUs that may be issued under the PSU plan is set at 28,012,029 (or 10% of the common shares issued and outstanding as of today), provided, however, that no the number of PSUs issuable under the PSU plan, as well as the number of common shares issuable under options outstanding under the stock option plan of the Society (“Option plan“), exceed 10% of the issued and outstanding common shares, calculated on a fully diluted basis, on the date of a grant under the PSU Plan or the Option Plan, as the case may be.
Further details regarding the PSU Plan and all awards made under it will be set out in the Company’s Management Information Circular and Proxy Circular which will be delivered to shareholders at the with regard to the next annual meeting of shareholders of the Company.
The Company has granted a total of 5,000,000 RSUs to officers, directors and consultants of the Company, vested on June 1, 2022. Each RSU vested entitles its holder to receive one common share.
In addition, the Company authorized the granting of 13,700,000 stock options, in accordance with the option plan, to certain directors, officers and consultants. Each of these options allows the holder to acquire one common share for a period of three (3) years, at an exercise price of $ 0.10 per common share.
All securities issued remain subject to compliance with all applicable laws (including CSE rules and policies).
About the Hash Company
HashCo is a Canadian company positioned to focus on the production and sale of hashish made from cannabis and other cannabis products. HashCo intends to apply its separation and curing techniques to produce a range of high quality, all-natural cannabis resin products without carcinogenic additives or solvents. The Company intends to tailor its product offerings to pay homage to historic traditions, scents and tastes, while maintaining 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 growers and other strategic partners in Canada, with the goal of creating and bringing to the regulated market genuine products that reflect quality and innovation.
For more information about the Company:
Chairman and CEO and Director
Phone. : 1-833-420-7396
Email: [email protected]
This press release contains “forward-looking information” within the meaning of applicable securities laws, including the listing of the Common Shares on the CSE, the updated Investor Office on the Company’s website and the ‘issuance of stock options and RSUs in accordance with the terms described in this press release, 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 deemed appropriate, that the expectations reflected in this forward-looking information are reasonable, it do not place undue reliance on them because the Company cannot guarantee that they will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated in these statements depending, among other things, on compliance costs and liability risk imposed under the laws in which the Company operates or will operate by virtue in particular of environmental and product regulations. health. ; negative changes in the political or regulatory environment for cannabis and the Company’s operations in Canada; negative changes in public opinion and perception of the cannabis hash industry and cannabis hash consumption; growing competition in industry; risks associated with rising energy costs; product liability risks and other safety-related liabilities arising from the use of the products; risk of shortages or increases in the prices of key inputs, suppliers and skilled labor; loss of intellectual property rights or protections; cybersecurity risks; constraints on the marketing of products; fraudulent activity by employees, contractors and consultants; tax and insurance risks and litigation risks.
The statements contained in this press release are made as of the date of this press release. The Company does not undertake to comment on analyzes, expectations or statements made by third parties with regard to the Company or its financial or operating results.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any 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 “US Securities Act”) or any state securities law and may not be offered. or sold in the United States or to a US national. (as defined in Rule 902 (k) of Regulation S under the US Securities Act) unless it is registered under the US Securities Act and applicable state securities laws or an exemption such recording is available.
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