There’s a well-known statistic that about 50% of marriages end in divorce, but that’s an American stat and it doesn’t necessarily apply to Canada. (The number here is 38%, according to Stats-Canada.) It should be the last thing on our minds at a wedding, but some uncle, day-drunk at the reception’s open bar, is likely to open their mouth and that sad stat will come tumbling out.

But this isn’t that kind of wedding, and there’s virtually no indication that the company created by the peculiar set of nuptials announced today by World Class Extractions (PUMP.C) and Quadron Cannatech (QCC.C) have anything but blue skies and happily-ever-after in its future.

World Class Extractions and Quadron Cannatech completed their previously announced merger, with Quadron agreeing to keep their name and operate as a subsidiary of World Class.

Both companies have been halted since Friday, but this merger had been well-documented prior to that, and PUMP had started recovering after a bad start to June.

Chart courtesy of

We started covering the courtship, romance and subsequent engagement between World Class and Quadron back in March by pointing out the similarities between the two companies.

Every successful relationship needs common ground to build on, and these two have that from their mutual interest in cannabis extraction.

World Class offers single step continuous flow extraction services to hemp and cannabis industry, while Quadron’s ethanol and CO2 based extractors offer smaller, mobile services to clients who would prefer a DIY approach to their biomass production.

Quadron also brings their technical expertise, established customer base and management team with them. Their original aim, at least at the announcement of the engagement, was to become a leading provider of extraction and processing solutions. Now they’re aiming even higher.

Here’s Rosie Mondin, the new CEO of World Class Extractions:

“The merger of Quadron Cannatech with World Class Extractions accelerates the pace and effectively increases progress towards our strategic goals of becoming the world’s largest extraction company in terms of capacity. The reconstituted management and board have diverse and strategically relevant backgrounds to address the global opportunities arising in the cannabis and hemp industries.”

This new company’s future trajectory is going to be interesting to watch to see how their results match up in comparison to the lofty goals they’ve set for themselves.

Bringing the families together

Sometimes marriages start off rocky because the families can’t reconcile their conflicting values, but not here: Both companies nominated key members to the board, adding their best and brightest.

The new board looks something like this:

  • Rosy Mondin, CEO.
  • Leo Chamberland, president
  • Zara Kanji as CFO
  • Anthony Durkacz
  • Dr. Raza Bokhari
  • Donal Carroll
  • Chand Jagpal

Smart investors don’t bet on a product, a sector or a company. Smart investors look at who’s in the driver’s seat.

Of interest in this particular list is Rosy Mondin, the former CEO of Quadron Cannatech.

If you REALLY know the weed business in Canada – you know Rosy Mondin. She co-founded the Cannabis Trade Alliance of Canada. She’s an advisory board member of the Canadian Association of Medical Dispensaries. She’s who Jodie Emery would be if Jodie Emery was A) not relentlessly self-obsessed and B) not married to a jackass,” according to Chris Parry on Feb. 24, 2017.

There’s more.

She’s also on the board of newly public Vancouver-based weedco Pasha Brands (CRFT.C), whose board of directors reads like a cannabis-company version of a rock n’ roll supergroup. Hanging with that crowd means she’s exceptionally well-connected and knowledgeable about the Canadian cannabis industry. So much that she received the inaugural Woman in Weed – Trailblazer last November.


World Class innovative extraction process for both the hemp and cannabis industry produces “higher yields and better-quality crude hemp oil” at faster rates.

PUMP’s tech can handle the large-scale extraction of CBD oil and other related extracts using either mobile or installed extraction systems.

PUMP Technology Summary:

  • Higher Yields – uses patent pending technologies that produce higher yields of crude at faster rates.
  • Full Plant Extraction – can extract entire live plants (wet or dry) including roots, saving clients floor space, process fees, utility fees and equipment costs.
  • Continuous Flow or Batch Processing – extraction methods can be utilized in batch or continuous flow application for large or small quantities of cannabis and hemp
  • Large Scale Processing Rates – patent pending technologies that produce higher yields of crude at faster rates

The analogy ends here because there’s nothing that works as the pitter-patter of tiny feet, except maybe profits, which the new company is well-positioned to chase. Possibly with its tiny feet.  Sure.

Merger synergies:

  • Quadron’s extraction and processing systems
  • Extensive roster of Quadron executives and employees
  • Growing revenue stream, QCC’s revenue increases by 132% for the nine months ended January 31, 2019
  • World Class’ unique patent-pending technology, provide higher yields of full spectrum cannabis oil at faster rates and larger volumes than current extraction technologies; and
  • A strong cash position resulting from World Class’ recently-closed private placement for gross proceeds of approximately $23 million.

Both companies have been halted since Friday pending the merger, but PUMP was trading at $0.14, with 451,180,147 issued and outstanding shares and a market cap of $63.1 million.

—Joseph Morton

Full Disclosure: Pasha Brands is an marketing client.

Written By:

Joseph Morton

Joseph is a Vancouver-based author and journalist with both a communications degree and journalism diploma (and a few novels) under his belt. His joie de vivre is to spin difficult technical topics into more human-centric narratives. Buy him a coffee and he'll talk your ear off for hours about privacy issues, blockchain, cryptocurrency and martial arts. Don't talk to him if you're either a tomato, a bully, or if you're not a fan of either 1984 or Tender is the Night. No. You can still talk to him. Just be prepared to be told why you're wrong.

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cannabis extractions
CO2 extraction
ethanol extraction
Pasha Brands
Quadron Cannatech
Rosy Mondin
World Class Extractions
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