Broome Capital Inc. (TSXV: BCP) (the “Company”) is pleased to announce that it has received conditional acceptance for its planned listing on the Canadian Securities Exchange (CSE).  The Company is in the process of completing a reverse-takeover transaction involving Pasha Brands Ltd. (“Pasha”), Canada’s largest craft cannabis brands organization, following which it is anticipated that the Company will transfer its listing to the CSE under the name “Pasha Brands Ltd.”, and will trade under the ticker symbol “CRFT”.

In connection with completion of the transaction with Pasha, and the listing on the CSE, the Company anticipates that its common shares will be delisted on the TSX Venture Exchange at the close of market on May 30, 2019.

About Pasha

Pasha has raised approximately $25 million in the past two quarters and procured some of Canada’s most renowned pre-legalization craft cannabis brands. Pasha is now positioned to accelerate its growth with its wholly owned subsidiary, BC Craft Supply Co. Ltd. (“BC Craft”), which expects to manage the production and processing of craft cannabis under Health Canada’s regulatory framework. BC Craft will work with craft cannabis producers in Canada and assist them in obtaining their micro-cultivation licenses with Health Canada – a program that began on October 17, 2018.

There is a growing supply gap for cannabis in Canada as licensed producers are unable to meet consumer demand. Through its subsidiaries, Pasha will be Canada’s first all craft licensed producer and will focus exclusively on bringing micro-cultivators into the market. Under the Health Canada framework, each micro-cultivator can legally process approximately 500 kilograms of dried flower per year. More than just a viable solution for closing the supply gap, this provides consumers with high-quality craft cannabis products that are differentiated from others in the space. Under the micro-cultivation program, the BC Craft network will look to add and assist hundreds of producers. For every 100 micro-cultivators BC Craft secures, up to 50,000 kilograms of world-class craft cannabis could be available to the market via Canada’s regulated supply chain.

New to the public markets, Pasha and its brands are no stranger to Canada’s craft cannabis community. Pasha’s ranks include brands and farmers that have helped establish British Columbia’s reputation as home of the world’s best cannabis. Trusted by independent growers and supported by an experienced management team and board, the brand is well poised for growth.

Further information regarding the listing of the Company on the CSE, and completion of the transaction with Pasha, will be provided as soon as it becomes available.  Completion of the listing on the CSE remains subject to the satisfaction of customary conditions to listing imposed by the policies of the CSE.

Further information regarding Pasha is available by contacting the following:

Investor Relations ContactNick Barnesnick@pashabrands.com(778) 400-4220

Media ContactEmerald Asuncioncommunications@pashabrands.com (236) 521-5135

On behalf of the Board,

BROOME CAPITAL INC.

Gunther Roehlig, Chief Executive Officer

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation.  Forward-looking statements include, but are not limited to, statements with respect to the terms and conditions of the proposed transaction with Pasha; and the proposed listing of the Company on the Canadian Securities Exchange.  Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements.  Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board, shareholder or regulatory approvals.  There can be no assurance that the Transaction will proceed on the terms contemplated above or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements.  The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Broome Capital Corp (TSXV:BCP)
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