DOJA Cannabis and Tokyo Smoke Merge to Become Hiku Brands

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DOJA ​​Cannabis ​​and ​​Tokyo ​​Smoke ​​announce ​​merger ​​and strategic ​​investment ​​from ​​Aphria ​​Inc.

Merger ​​creates ​​Canada’s ​​first ​​retail- ​​& ​​brand-focused ​​cannabis ​​producer

KELOWNA, ​​BC ​​AND ​​TORONTO, ​​ON–(Marketwired – December 21, 2017) –

  • Two ​​Canadian ​​cannabis ​​lifestyle ​​brands ​​join ​​forces ​​in ​​a ​​transformational ​​transaction, ​​bringing ​​together industry ​​leading ​​management ​​teams, ​​British ​​Columbia ​​curated ​​handcrafted ​​cannabis ​​production, ​​a portfolio ​​of ​​visionary ​​brands ​​and ​​a ​​growing ​​nationwide ​​retail ​​footprint.
  • Provides ​​the ​​first ​​public ​​markets ​​investment ​​opportunity ​​focused ​​on ​​cannabis ​​retail ​​and ​​brand; high-margin ​​verticals ​​with ​​significant ​​growth ​​potential.
  • A ​​strategic ​​financing ​​of ​​$12.5 ​​million ​​led ​​by ​​Aphria ​​Inc. ​​will ​​bolster ​​the ​​combined ​​company’s ​​cash ​​position to ​​approximately ​​$31 ​​million, ​​which ​​the ​​company ​​plans ​​to ​​invest ​​in ​​scaling ​​up ​​production ​​capacity, expanding ​​its ​​retail ​​footprint ​​and ​​further ​​building-out ​​its ​​portfolio ​​of ​​cannabis ​​brands.

DOJA Cannabis ​​Company ​​Limited ​​​(“DOJA”)​ ​​(CSE: DOJA)​​ and ​​TS ​​Brandco ​​Holdings ​​Inc. ​​​(“Tokyo ​​Smoke​”) are ​​pleased ​​to ​​announce ​​that ​​they ​​have ​​entered ​​into ​​a ​​binding ​​Letter ​​of ​​Intent ​​(“LOI​ ​”) ​​dated ​​December ​​20, 2017, ​​setting ​​out ​​the ​​terms ​​pursuant ​​to ​​which ​​​DOJA ​​proposes ​​to ​​acquire ​​(the ​​”​Merger​”) ​​all ​​of ​​the ​​issued and ​​outstanding ​​shares ​​in ​​the ​​capital ​​of ​​​Tokyo ​​Smoke ​​(the ​​”​Tokyo ​​Smoke ​​Shares​”). ​​The ​​Merger ​​will create ​​a ​​uniquely ​​positioned ​​cannabis ​​company ​​combining ​​a ​​best-in-class ​​craft ​​cannabis ​​producer ​​with ​​an award-winning ​​lifestyle ​​brand ​​and ​​retail-focused ​​cannabis ​​company. ​​It ​​is ​​anticipated ​​that ​​the ​​combined company ​​resulting ​​from ​​the ​​Merger ​​will ​​use ​​the ​​name ​​”Hiku ​​Brands ​​Company ​​Ltd.” ​​(“​Hiku​” ​​or ​​the “​Company​”) ​​to ​​refer ​​to ​​the ​​brand ​​house ​​containing ​​​premium ​​cannabis ​​brands ​​DOJA, ​​Tokyo ​​Smoke, ​​and Van ​​der ​​Pop.

Concurrently, ​​DOJA ​​is ​​pleased ​​to ​​announce ​​it ​​has ​​entered ​​into ​​a ​​binding ​​agreement ​​with ​​Aphria ​​Inc. (“​Aphria​”) ​​​(TSX: APH) ​​(OTCQB: APHQF) ​​​pursuant ​​to ​​which ​​Aphria ​​has ​​committed ​​to ​​make ​​a ​​$10 million ​​strategic ​​equity ​​investment ​​into ​​Hiku. ​​Additionally, ​​the ​​parties ​​have ​​agreed ​​on ​​the ​​terms ​​of ​​a ​​supply agreement, ​​to ​​be ​​entered ​​into ​​in ​​connection ​​with ​​the ​​Merger ​​(the ​​”​Supply ​​Agreement​”), ​​to ​​secure cannabis ​​concentrate ​​supply ​​for ​​Hiku’s ​​premium ​​brand ​​portfolio.

Upon ​​completion ​​of ​​the ​​Merger, ​​the ​​Company ​​will ​​have ​​a ​​robust ​​cash ​​position ​​of ​​approximately ​​$31 million, ​​which ​​it ​​plans ​​to ​​invest ​​in ​​expanding ​​its ​​cannabis ​​production ​​capacity, ​​growing ​​its ​​retail ​​footprint, and ​​adding ​​select ​​brands ​​to ​​its ​​portfolio ​​through ​​highly ​​strategic ​​and ​​complementary ​​acquisitions.

DOJA’s ​​Board ​​of ​​Directors ​​and ​​Tokyo ​​Smoke’s ​​Board ​​of ​​Directors ​​have ​​approved ​​the ​​Merger.

Highlights ​​of ​​the ​​Transformational ​​Transaction

  • Creation ​​of ​​the ​​first ​​retail-focused, ​​craft ​​cannabis ​​producer ​​with ​​a ​​portfolio ​​of ​​leading lifestyle ​​cannabis ​​brands: ​​​Hiku ​​will ​​be ​​differentiated ​​as ​​the ​​only ​​Canadian ​​craft ​​cannabis producer ​​with ​​significant ​​national ​​retail ​​presence ​​and ​​a ​​growing ​​portfolio ​​of ​​premium ​​cannabis lifestyle ​​brands ​​including ​​DOJA, ​​Tokyo ​​Smoke, ​​and ​​Van ​​der ​​Pop, ​​appealing ​​to ​​a ​​wide ​​variety ​​of consumers ​​across ​​Canada ​​and ​​globally.
  • Well ​​positioned ​​to ​​capitalize ​​on ​​Canada’s ​​recreational ​​cannabis ​​market ​​through ​​retail: Hiku ​​has ​​multiple ​​highly ​​recognizable ​​brands ​​and ​​strategies ​​in ​​place ​​to ​​operate ​​retail ​​cannabis stores ​​across ​​various ​​provinces​. ​​​Vertically ​​integrated ​​operations ​​position ​​Hiku ​​to ​​offer ​​exclusive products ​​in ​​Hiku-owned ​​stores ​​and ​​achieve ​​superior ​​margins ​​versus ​​peers.
  • Licensed ​​producer ​​under ​​the ​​​Access ​​to ​​Cannabis ​​for ​​Medical ​​Purposes ​​Regulations
    (ACMPR): ​​​7,100 ​​square ​​foot ​​production ​​facility ​​licensed ​​by ​​Health ​​Canada. ​​DOJA’s ​​second facility, ​​a ​​22,580 ​​sq ​​ft ​​warehouse, ​​will ​​house ​​the ​​FUTURE ​​LAB. ​​The ​​FUTURE ​​LAB ​​is ​​targeting ​​its Phase ​​1 ​​completion ​​by ​​Q2 ​​2018 ​​and ​​once ​​the ​​facility ​​is ​​fully ​​built-out ​​utilizing ​​an ​​industry ​​leading multi-tier ​​system ​​powered ​​by ​​LED ​​lighting ​​provided ​​by ​​Fluence ​​BioEngineering, ​​DOJA’s ​​annual production ​​capacity ​​is ​​expected ​​to ​​be ​​in ​​excess ​​of ​​5,000 ​​kgs.
  • Retail ​​locations ​​from ​​Eastern ​​to ​​Western ​​Canada, ​​with ​​plans ​​to ​​expand: ​​​Hiku ​​will ​​have seven ​​operational, ​​legal ​​cannabis ​​accessory ​​stores ​​with ​​locations ​​across ​​Canada ​​(Ontario, Alberta ​​and ​​British ​​Columbia), ​​representing ​​an ​​unprecedented ​​platform ​​to ​​build ​​brand ​​awareness and ​​reach ​​consumers. ​​Hiku ​​will ​​prioritize ​​retail ​​expansion ​​in ​​provinces ​​allowing ​​private ​​cannabis retail ​​and ​​Tokyo ​​Smoke ​​and ​​DOJA ​​will ​​respond ​​to ​​the ​​Government ​​of ​​Manitoba’s ​​Request ​​for Proposals ​​to ​​establish ​​retail ​​cannabis ​​stores ​​throughout ​​the ​​province.
  • Strategic ​​Partnership ​​with ​​Aphria: ​ ​​​Aphria’s ​​strategic ​​investment ​​into ​​Hiku ​​marks ​​Aphria’s ​​first venture ​​into ​​British ​​Columbia’s ​​premium ​​cannabis ​​market. ​​Combined ​​with ​​the ​​Supply ​​Agreement, the ​​partnership ​​with ​​Aphria ​​brings ​​unparalleled ​​experience ​​in ​​cannabis ​​production ​​and ​​ensures secured ​​supply ​​for ​​what ​​is ​​expected ​​to ​​be ​​a ​​supply-constrained ​​market ​​at ​​the ​​onset ​​of legalization.
  • Led ​​by ​​industry ​​leading ​​management ​​and ​​team​: ​​Hiku ​​management ​​has ​​​breadth ​​and ​​depth ​​of expertise, ​​with ​​a ​​proven ​​track ​​record ​​of ​​building ​​and ​​scaling ​​businesses, ​​including ​​SAXX Underwear ​​and ​​a ​​$100 ​​million+ ​​business ​​at ​​Google. ​​The ​​supporting ​​team ​​brings ​​expertise ​​from the ​​retail, ​​cannabis, ​​finance, ​​design, ​​marketing ​​and ​​creative ​​fields.
  • Well ​​capitalized ​​for ​​local ​​and ​​global ​​growth:​​ Post-Merger, ​​Hiku ​​is ​​expected ​​to ​​have ​​a ​​cash balance ​​of ​​approximately ​​$31 ​​million ​​and ​​to ​​be ​​well ​​positioned ​​to ​​expand ​​within ​​the ​​Canadian market ​​and ​​enter ​​into ​​the ​​emerging ​​global ​​cannabis ​​markets.
  • Enhanced ​​capital ​​markets ​​profile: ​​​The ​​combined ​​entity ​​post-financing ​​is ​​anticipated ​​to ​​have ​​a basic ​​market ​​capitalization ​​of ​​approximately ​​$175 ​​million ​​at ​​the ​​transaction ​​price, ​​as ​​well ​​as increased ​​trading ​​liquidity ​​for ​​existing ​​and ​​prospective ​​shareholders.

DOJA ​​operates ​​a ​​cannabis ​​production ​​facility ​​in ​​British ​​Columbia’s ​​Okanagan ​​Valley, ​​and ​​is ​​in ​​the process ​​of ​​building ​​FUTURE ​​LAB, ​​DOJA’s ​​new ​​production ​​facility ​​to ​​be ​​located ​​in ​​Kelowna, ​​British Columbia ​​to ​​support ​​production ​​capacity ​​in ​​excess ​​of ​​5,000 ​​kg ​​per ​​year. ​​DOJA ​​also ​​operates ​​the ​​Culture Café, ​​a ​​café ​​located ​​on ​​Kelowna’s ​​busiest ​​street ​​serving ​​as ​​a ​​cannabis ​​information ​​centre ​​that ​​generates brand ​​awareness. ​​With ​​the ​​addition ​​of ​​Tokyo ​​Smoke, ​​an ​​award-winning ​​lifestyle ​​brand ​​with ​​six ​​coffee ​​and cannabis ​​accessory ​​shops, ​​Hiku ​​will ​​have ​​a ​​retail ​​presence ​​across ​​Canada ​​with ​​a ​​portfolio ​​of ​​multiple recognized ​​cannabis ​​brands ​​including ​​DOJA, ​​Tokyo ​​Smoke ​​and ​​Van ​​der ​​Pop. ​​The ​​Company’s ​​aggressive growth ​​strategy ​​will ​​be ​​supported ​​by ​​a ​​strong ​​balance ​​sheet, ​​positioning ​​Hiku ​​to ​​be ​​the ​​preeminent ​​craft cannabis ​​brand ​​house ​​in ​​the ​​Canadian ​​adult-use ​​cannabis ​​market.

 

We ​​have ​​created ​​the ​​leading ​​brand ​​house ​​in ​​Cannabis. ​​Where ​​high quality ​​and ​​design ​​will ​​shape ​​the ​​Cannabis ​​Future. ​​I ​​am ​​confident ​​Hiku ​​will ​​be ​​trusted ​​by ​​consumers ​​to design ​​better ​​customer ​​experiences ​​and ​​products, ​​resulting ​​in ​​greater ​​market ​​share. ​​Tokyo ​​Smoke’s experienced ​​management ​​team ​​has ​​proven ​​its ​​ability ​​to ​​build ​​and ​​acquire ​​respected ​​cannabis ​​brands ​​and create ​​brand ​​awareness ​​in ​​a ​​difficult-to-navigate ​​regulatory ​​environment.

 

Trent Kitsch, CEO of DOJA

​​”We ​​see ​​leveraging ​​those ​​skills and ​​their ​​strong ​​retail ​​operating ​​abilities ​​as ​​highly ​​complementary ​​to ​​our ​​current ​​operations ​​and ​​beneficial to ​​the ​​long-term ​​trajectory ​​of ​​our ​​company. ​​The ​​combination ​​of ​​cannabis ​​production, ​​retail ​​footprint, ​​and ​​a portfolio ​​of ​​cannabis ​​brands ​​gives ​​us ​​the ​​opportunity ​​to ​​realize ​​the ​​significant ​​value ​​of ​​complete ​​vertical integration.”

DOJA ​​is ​​an ​​incredible ​​organization, ​​team ​​and ​​brand. DOJA’s ​​deeply ​​authentic ​​BC ​​story ​​combined ​​with ​​being ​​one ​​of ​​the ​​only ​​licensed ​​producers ​​that ​​have access ​​to ​​unique ​​genetics ​​through ​​an ​​import ​​license ​​creates ​​a ​​platform ​​to ​​provide ​​customers ​​an ​​unrivaled premium ​​experience. ​​

Alan ​​Gertner, ​​CEO ​​of ​​Tokyo ​​Smoke

“Not ​​to ​​mention, ​​DOJA’s ​​cultivation ​​team ​​has ​​already ​​demonstrated ​​their ​​ability ​​to deliver ​​on ​​all ​​levels ​​of ​​production, ​​including ​​quality, ​​yield ​​and ​​ensuring ​​the ​​plant’s ​​fullest ​​potential ​​is expressed ​​through ​​aroma, ​​flavor ​​and ​​effects. ​​Craft ​​British ​​Columbia ​​approach, ​​top ​​notch ​​branding, ​​and retail ​​will ​​allow ​​Hiku ​​to ​​have ​​a ​​distinctive ​​business; ​​high ​​quality ​​control, ​​high ​​demand ​​and ​​high ​​margin.”

 

This ​​strategic ​​investment ​​in ​​and ​​supply ​​agreement ​​with ​​Hiku ​​further ​​bolsters ​​our ​​relationship ​​with ​​Tokyo Smoke ​​and ​​now ​​DOJA, ​​and ​​reaffirms ​​our ​​commitment ​​to ​​expanding ​​our ​​product ​​offering ​​ahead ​​of ​​the recreational ​​market.

Vic Neufeld, CEO of Aphria

This ​​transaction ​​has ​​the ​​twofold benefit ​​of ​​providing ​​us ​​access ​​to ​​strong ​​brands, ​​through ​​Tokyo ​​Smoke ​​and ​​DOJA, ​​and ​​craft-cultivated British ​​Columbia ​​bud, ​​through ​​DOJA. ​​Quality ​​product ​​and ​​recognizable ​​consumer ​​brands ​​will ​​be ​​key differentiators ​​for ​​patients ​​and ​​consumers, ​​and ​​we’re ​​looking ​​forward ​​to ​​continuing ​​our ​​work ​​with ​​Hiku ​​to create ​​premium ​​cannabis ​​brands ​​in ​​Canada.

Benefits ​​to ​​DOJA ​​Shareholders

  • Tokyo ​​Smoke ​​owns ​​two ​​premium ​​cannabis ​​brands ​​in ​​the ​​cannabis ​​industry, ​​Van ​​der ​​Pop ​​and Tokyo ​​Smoke, ​​the ​​recipient ​​of ​​the ​​2017 ​​Canadian ​​Cannabis ​​Brand ​​of ​​the ​​Year ​​Award
  • Internationally ​​acclaimed ​​and ​​award-winning ​​cannabis ​​accessory ​​stores ​​with ​​locations ​​cross country
  • The ​​addition ​​of ​​a ​​management ​​team ​​with ​​deep ​​relevant ​​experience ​​from ​​Google, ​​Samsung, ​​Bain & ​​Company, ​​Barneys ​​New ​​York, ​​David’s ​​Tea, ​​Lululemon, ​​Kit ​​& ​​Ace, ​​PharmaCan ​​Capital ​​(now Cronos ​​Group), ​​Privateer ​​and ​​Marley’s ​​Natural
  • Completed ​​licensing ​​and ​​supply ​​deals ​​in ​​Canada
  • Strategic ​​investment ​​of ​​$12.5 ​​million ​​led ​​by ​​Aphria ​​and ​​including ​​Uji ​​Capital

Merger ​​Structure ​​and ​​Terms

Under ​​the ​​terms ​​of ​​the ​​Merger, ​​DOJA ​​will ​​acquire ​​all ​​of ​​the ​​outstanding ​​Tokyo ​​Smoke ​​Shares ​​in exchange ​​for ​​shares ​​of ​​DOJA ​​(“​DOJA ​​Shares​”).

The ​​LOI ​​currently ​​contemplates ​​the ​​parties ​​entering ​​into ​​a ​​definitive ​​agreement ​​(the ​​”​Definitive Agreement​”) ​​prior ​​to ​​January ​​15, ​​2018, ​​and ​​completing ​​the ​​Merger ​​by ​​no ​​later ​​than ​​March ​​31, ​​2018, unless ​​otherwise ​​agreed ​​by ​​the ​​parties.

The ​​Merger ​​is ​​subject ​​to ​​requisite ​​regulatory ​​approvals, ​​including ​​the ​​approval ​​of ​​the ​​Canadian ​​Securities Exchange, ​​requisite ​​Tokyo ​​Smoke ​​shareholder ​​approval ​​and ​​standard ​​closing ​​conditions, ​​including ​​the approval ​​of ​​the ​​Definitive ​​Agreement ​​by ​​the ​​boards ​​of ​​the ​​respective ​​companies ​​and ​​completion ​​of ​​due diligence ​​investigations ​​to ​​the ​​satisfaction ​​of ​​each ​​of ​​the ​​parties. ​​The ​​legal ​​structure ​​for ​​the ​​Merger ​​will ​​be confirmed ​​after ​​the ​​parties ​​have ​​considered ​​all ​​applicable ​​tax, ​​securities ​​law, ​​and ​​accounting ​​efficiencies.

Based ​​upon ​​the ​​number ​​of ​​Tokyo ​​Smoke ​​Shares ​​outstanding ​​as ​​at ​​December ​​21, ​​2017, ​​if ​​the ​​Merger ​​is completed, ​​DOJA ​​will ​​issue ​​approximately ​​55.6 ​​million ​​DOJA ​​Shares ​​to ​​the ​​shareholders ​​of ​​Tokyo ​​Smoke in ​​exchange ​​for ​​their ​​Tokyo ​​Smoke ​​Shares.

Strategic ​​Financing

Aphria, ​​along ​​with ​​Uji ​​Capital ​​(collectively ​​the ​​”​Strategic ​​Investors​”) ​​have ​​entered ​​into ​​binding agreements ​​with ​​DOJA ​​pursuant ​​to ​​which ​​the ​​Strategic ​​Investors ​​will ​​acquire ​​from ​​DOJA, ​​on ​​a non-brokered ​​private ​​placement ​​basis, ​​8,992,805 ​​subscription ​​receipts ​​(the ​​”​Subscription ​​Receipts​”) ​​of DOJA ​​at ​​a ​​purchase ​​price ​​of ​​$1.39 ​​per ​​Subscription ​​Receipt, ​​equivalent ​​to ​​DOJA’s ​​five ​​day ​​volume weighted ​​share ​​price, ​​for ​​aggregate ​​gross ​​proceeds ​​of ​​$12.5 ​​million ​​(the ​​”​Strategic ​​Financing​”).

The ​​Subscription ​​Receipts ​​will ​​be ​​automatically ​​convertible ​​in​to ​​units ​​of ​​Hiku ​​(the ​​”​Units​”) ​​upon ​​the satisfaction ​​of ​​certain ​​escrow ​​release ​​conditions, ​​with ​​each ​​Unit ​​comprised ​​of ​​one ​​common ​​share ​​of ​​Hiku (a ​​”​Common ​​Share​”) ​​and ​​one ​​Common ​​Share ​​Purchase ​​Warrant ​​of ​​Hiku ​​(a ​​”​Warrant​”). ​​Each ​​Warrant will ​​be ​​exercisable ​​to ​​acquire ​​one ​​common ​​share ​​(a ​​”​Warrant ​​Share​”) ​​for ​​a ​​period ​​of ​​two ​​years ​​from ​​the closing ​​date ​​of ​​the ​​Merger ​​at ​​an ​​exercise ​​price ​​of ​​$2.10 ​​per ​​Warrant ​​Share. ​​If, ​​following ​​the ​​closing ​​of ​​the Merger, ​​the ​​volume ​​weighted ​​average ​​price ​​of ​​the ​​Common ​​Shares ​​on ​​the ​​Canadian ​​Securities ​​Exchange is ​​equal ​​to ​​or ​​greater ​​than ​​$3.05 ​​for ​​any ​​twenty ​​(20) ​​consecutive ​​trading ​​days, ​​Hiku ​​may, ​​upon ​​providing written ​​notice ​​to ​​the ​​holders ​​of ​​the ​​Warrants, ​​accelerate ​​the ​​expiry ​​date ​​of ​​the ​​Warrants ​​to ​​the ​​date ​​that ​​is 30 ​​days ​​following ​​the ​​date ​​of ​​such ​​written ​​notice.

Closing ​​of ​​the ​​Strategic ​​Financing ​​is ​​subject ​​to ​​the ​​satisfaction ​​of ​​certain ​​closing ​​conditions ​​including, ​​but not ​​limited ​​to, ​​closing ​​of ​​the ​​Merger, ​​the ​​receipt ​​of ​​all ​​necessary ​​approvals, ​​including ​​the ​​approval ​​of ​​the Canadian ​​Securities ​​Exchange.

Management ​​Team

The ​​proposed ​​management ​​team ​​of ​​Hiku ​​has ​​a ​​proven ​​entrepreneurial ​​track ​​record ​​and, ​​collectively, decades ​​of ​​experience ​​in ​​branding, ​​marketing, ​​corporate ​​strategy ​​and ​​retail ​​operations. ​​Trent ​​Kitsch, presently ​​CEO ​​of ​​DOJA, ​​will ​​become ​​President ​​of ​​Hiku ​​while ​​Alan ​​Gertner, ​​presently ​​CEO ​​of ​​Tokyo Smoke, ​​will ​​serve ​​as ​​CEO ​​of ​​Hiku.

Alan ​​Gertner, ​​CEO ​​Hiku

Alan ​​Gertner ​​is ​​most ​​recently ​​the ​​co-founder ​​of ​​Tokyo ​​Smoke, ​​an ​​award ​​winning ​​cannabis ​​brand ​​created in ​​2014. ​​He ​​built ​​Tokyo ​​Smoke ​​from ​​the ​​ground ​​up ​​into ​​a ​​full ​​scale ​​organization ​​with ​​internationally recognized ​​brands ​​and ​​a ​​cross ​​country ​​network ​​of ​​retail ​​stores. ​​Previously, ​​​Alan ​​spent ​​six ​​years ​​at Google, ​​initially ​​on ​​Google’s ​​first ​​Global ​​Business ​​Strategy ​​team, ​​then ​​leading ​​a ​​$100 ​​million+ ​​revenue organization ​​in ​​Asia ​​Pacific. ​​Alan ​​was ​​formerly ​​a ​​Management ​​Consultant ​​at ​​Oliver ​​Wyman ​​in ​​New ​​York and ​​graduated ​​Dean’s ​​list ​​from ​​the ​​Richard ​​Ivey ​​School ​​of ​​Business. ​​​He ​​brings ​​more ​​than ​​15 ​​years ​​of strategy, ​​marketing ​​and ​​executive ​​experience ​​to ​​the ​​new ​​management ​​team. ​​He ​​was ​​named ​​one ​​of ​​the Most ​​Influential ​​People ​​in ​​Toronto ​​in ​​2017 ​​as ​​recognition ​​for ​​his ​​leadership ​​in ​​the ​​Cannabis ​​industry.

Trent ​​Kitsch, ​​President ​​Hiku

Trent ​​founded ​​SAXX ​​Underwear ​​Co. ​​in ​​2007 ​​and ​​successfully ​​built ​​SAXX ​​into ​​a ​​globally ​​recognizable brand ​​and ​​the ​​fastest ​​growing ​​underwear ​​brand ​​in ​​North ​​America ​​before ​​exiting ​​the ​​business ​​in ​​2016. ​​In 2013 ​​Trent ​​and ​​his ​​wife ​​Ria ​​founded ​​Kitsch ​​Wines ​​in ​​the ​​Okanagan ​​Valley ​​which ​​has ​​quickly ​​grown ​​into an ​​award-winning ​​winery ​​with ​​a ​​unique ​​millennial ​​following. ​​The ​​ACMPR ​​application ​​and ​​conception ​​of DOJA ​​started ​​in ​​2013 ​​and ​​has ​​authentically ​​represented ​​cannabis ​​culture ​​and ​​positioned ​​DOJA ​​as ​​a leading ​​premium ​​cannabis ​​lifestyle ​​brand. ​​Trent ​​is ​​an ​​MBA ​​graduate ​​of ​​the ​​Richard ​​Ivey ​​School ​​of Business ​​with ​​a ​​major ​​in ​​Entrepreneurship, ​​and ​​recently ​​was ​​selected ​​as ​​one ​​of ​​10 ​​Ivey ​​Ambassadors ​​for Entrepreneurship.

About ​​DOJA ​​Cannabis ​​Company ​​Limited

DOJA™ ​​is ​​a ​​premium ​​cannabis ​​lifestyle ​​brand ​​growing ​​high-quality ​​handcrafted ​​cannabis ​​flower. ​​DOJA’s wholly ​​owned ​​subsidiary ​​is ​​a ​​licensed ​​producer ​​of ​​cannabis ​​under ​​the ​​ACMPR ​​that ​​has ​​requested ​​its Pre-Sales ​​License ​​Inspection, ​​the ​​last ​​step ​​prior ​​to ​​receiving ​​a ​​license ​​to ​​sell ​​cannabis ​​under ​​the ​​ACMPR. DOJA’s ​​state-of-the-art ​​ACMPR ​​licensed ​​production ​​facility ​​is ​​located ​​in ​​the ​​heart ​​of ​​British ​​Columbia’s picturesque ​​Okanagan ​​Valley. ​​DOJA ​​was ​​founded ​​by ​​the ​​proven ​​entrepreneurial ​​team ​​that ​​started ​​SAXX Underwear®.

About ​​Tokyo ​​Smoke

Founded ​​in ​​2015 ​​by ​​Alan ​​and ​​Lorne ​​Gertner, ​​Tokyo ​​Smoke ​​is ​​an ​​award-winning ​​cannabis ​​lifestyle ​​brand that ​​brings ​​sophistication ​​and ​​design ​​to ​​the ​​fast-growing ​​industry. ​​With ​​immersive ​​experiences ​​and design-first, ​​non-dispensary ​​retail ​​spaces ​​selling ​​coffee, ​​cannabis ​​accessories ​​and ​​design ​​products, ​​the brand ​​has ​​six ​​locations ​​in ​​Canada, ​​with ​​plans ​​to ​​expand ​​nationwide. ​​Recently ​​named ​​”Brand ​​of ​​the ​​Year” at ​​the ​​Canadian ​​Cannabis ​​Awards, ​​Tokyo ​​Smoke ​​has ​​showcased ​​excellence ​​in ​​brand ​​storytelling, ​​and has ​​developed ​​an ​​international ​​reputation ​​as ​​the ​​go-to ​​destination ​​for ​​engaging ​​content ​​offerings ​​within the ​​industry. ​​With ​​the ​​completion ​​of ​​its ​​Series ​​A ​​and ​​B ​​funding ​​- ​​resulting ​​in ​​approximately ​​$10 ​​million ​​in total ​​raised ​​capital, ​​the ​​acquisition ​​of ​​fellow ​​designer ​​cannabis ​​brand ​​Van ​​der ​​Pop, ​​and ​​by ​​partnering ​​with Aphria ​​Inc. (TSX: APH) (OTCQB: APHQF) and WeedMD (TSX VENTURE: WMD), ​​Tokyo ​​Smoke ​​continues ​​to be ​​the ​​leading ​​Canadian ​​brand ​​in ​​the ​​cannabis ​​space.

About ​​Hiku

Hiku ​​is ​​focused ​​on ​​handcrafted ​​cannabis ​​production, ​​immersive ​​retail ​​experiences, ​​and ​​building ​​a ​​portfolio of ​​iconic, ​​engaging ​​cannabis ​​lifestyle ​​brands. ​​Hiku ​​is ​​differentiated ​​as ​​the ​​only ​​Canadian ​​craft ​​cannabis producer ​​with ​​a ​​significant ​​national ​​retail ​​footprint ​​and ​​a ​​growing ​​brand ​​house ​​including ​​premium ​​cannabis lifestyle ​​brands ​​DOJA, ​​Tokyo ​​Smoke, ​​and ​​Van ​​der ​​Pop.

Hiku’s ​​wholly ​​owned ​​subsidiary, ​​DOJA ​​​Cannabis ​​Ltd.​, ​​is ​​a ​​federally ​​licensed ​​producer ​​pursuant ​​to ​​the ACMPR, ​​owning ​​two ​​production ​​facilities ​​in ​​the ​​heart ​​of ​​British ​​Columbia’s ​​Okanagan ​​Valley. ​​The company ​​operates ​​a ​​network ​​of ​​retail ​​stores ​​selling ​​coffee, ​​clothing ​​and ​​curated ​​accessories, ​​across British ​​Columbia, ​​Alberta ​​and ​​Ontario.

For ​​more ​​information, ​​please ​​visit ​​​www.hikubrands.com

About ​​Aphria

Aphria ​​Inc., ​​one ​​of ​​Canada’s ​​lowest ​​cost ​​producers, ​​produces, ​​supplies ​​and ​​sells ​​medical ​​cannabis. Located ​​in ​​Leamington, ​​Ontario, ​​the ​​greenhouse ​​capital ​​of ​​Canada. ​​Aphria ​​is ​​truly ​​powered ​​by ​​sunlight, allowing ​​for ​​the ​​most ​​natural ​​growing ​​conditions ​​available. ​​We ​​are ​​committed ​​to ​​providing ​​pharma-grade medical ​​cannabis, ​​superior ​​patient ​​care ​​while ​​balancing ​​patient ​​economics ​​and ​​returns ​​to ​​shareholders.

Original press release

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Published by NCV Newswire
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