$100,000 Donation From Pangaea Health Helps NJ Businesses Get Cannabis Business Training from CHT Accelerator

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By TAPinto Elizabeth SKYLYR VANDERVEER | Published July 14, 2021 at 11:38 AM, Last Updated July 14, 2021 at 2:23 PM

NEW JERSEY — Cognitive Harmony Technologies Accelerator (CHT Accelerator) has received a $100,000 donation from Pangaea Health and Wellness, LLC (Pangaea Health) for scholarships to put five social equity cannabis license applicants from New Jersey through the CHT Accelerator program.

CHT Accelerator is a joint venture by a team of cannabis business veterans who are software engineers and Harvest 360 Technologies, LLC, a wholly owned subsidiary of Blue Diamond Ventures Inc. The CHT Accelerator provides templates, training guides and high intensity coaching sessions developed by cannabis industry professionals to quickly educate social equity cannabis license applicants on the intricacies of the cannabis license application process and business operations. The goal is to enable applicants to earn top application scores and state cannabis licenses. 

“Thank you, Pangaea Health and Wellness, for the generous no-strings-attached contribution of $100,000 to assist cannabis license applicants from the communities most negatively impacted by the ‘war on drugs,’” said David Serrano, Managing Partner for CHT.  “CHT Accelerator was designed by successful license applicants to level the cannabis business playing field for social equity applicants as they apply for licenses and operate their businesses. This generous donation can help expedite applicants’ acquisition of industry knowledge and improve their chance of entering — and succeeding — in New Jersey’s cannabis industry.” 

“The cannabis license application process can be overwhelming, particularly for applicants that may have more limited resources than their well-established competitors,” stated Larry Frascella, COO of Pangaea Health. “As a New Jersey cannabis license appellant, this donation to CHT Accelerator is follow-through on our cannabis license supplemental submission commitment to provide free resources to educate minority, women, and disabled veteran cannabis license applicants whose representation in the New Jersey cannabis market is required by the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act.” 

Frascella added, “Furthermore, we reiterate Pangaea’s commitment to dedicate 20,000 sq. ft. of space as a Cannabusiness incubator and education center, to provide free support to social equity businesses, and microbusinesses, as well as low interest loans, a dispensary accelerator program, employment opportunities and more, which will only be possible if we are awarded the licenses that are in review by the NJ Cannabis Regulatory Commission at the order of the Court.”

The CHT Accelerator application platform provides up-to-the-minute application templates, guides and coaching tailored to each state’s current application to teach how to fulfill a particular state’s license application criteria and streamline assembling and presenting the information in a compelling format designed to maximize the applicant’s score. The CHT Accelerator also has developed and beta tested in Illinois a fair and unbiased mechanism to score applications that is customizable to each state’s applications.

As CHT users become licensed business operators, the CHT Cannabis Business Operating System provides guidance to ensure that every function of daily operations is maintained in compliance with original application submissions as well as the rapidly evolving multi-jurisdictional compliance landscape.

For more information on the CHT Accelerator program, www.cognitiveharmony.tech.