CannaRoyalty Archives

Debra BorchardtDecember 4, 2018

CannaRoyalty Corp. also known as Origin House (CSE: OH) (OTCQX: ORHOF) has signed a binding term sheet to acquire certain business assets of California-based cannabis cultivator, Cub City LLC for total consideration of $7,025,000. The deal is expected to close in March 2019. Origin House will be purchasing a state-of-the-art craft cultivation facility with an […]

Debra BorchardtAugust 27, 2018

CannaRoyalty Corp. (CNNRF) entered into a binding letter of intent with Tidal Royalty Corp. (TDRYF) to acquire the company’s equity stake and royalty entitlement in Alternative Medical Enterprises LLC or AltMed for C$8 million. CannaRoyalty will continue to have the right to license MÜV products in California, Nevada, Canada and other select markets. CannaRoyalty said that the sale of AltMed […]

William SumnerAugust 23, 2018

It’s time for your Daily Hit of cannabis financial news for August 23, 2018. On The Site Canopy Growth Corporation Canopy Growth Corporation (CGC) is spinning off its venture capital investment arm called Canopy Rivers Corporation. The company has set September 12, 2018, as the date for a shareholder meeting regarding the proposed combination of Canopy […]

StaffAugust 23, 2018

Canadian-based CannaRoyalty (CNNRF) reported its second-quarter earnings for the period ending June 30, 2018, with revenues increasing 266% to C$3.5 million versus last year’s revenues of C$960,157. In addition to that, CannaRoyalty made huge strides by delivering net income of C$9.3 million for the quarter versus last year’s net loss of C$2 million. The net […]

StaffJuly 3, 2018

It’s time for your Daily Hit of cannabis financial news for July 3, 2018. On The Site Aurora Cannabis Inc. Aurora Cannabis Inc. (ACBFF) gave several updates on different pieces of the company. The Aurora Vie production facility in Point-Claire Quebec got its sales license from Health Canada. The company said that this facility is on target to […]

Debra BorchardtMay 3, 2018

It’s time for your Daily Hit of cannabis news for May 3 2018: On The Site: DEA Wins One A panel of judges for the 9th U.S. Circuit Court of Appeals rejected a challenge filed by cannabidiol (CBD) producers against a Drug Enforcement Agency rule that classifies CBD as a Schedule I drug. The rule originated in […]

StaffApril 26, 2018

Canadian-based CannaRoyalty Corp. (CNNRF) announced that one of its investee companies, Alternative Medical Enterprises, LLC often called AltMed closed a private placement financing of $35.4 million. In a company statement, CannaRoyalty said it made a $1.5 million equity investment in AltMed in 2015 and that the post-money valuation of this current financing represents a growth in value […]

Debra BorchardtApril 4, 2018

CannaRoyalty Corp. (CNNRF) reported that its revenue for 2017 rose to C$3 million, but could only be compared to nine months of revenue for 2016 which was C$642,277. The same went for the company’s net losses, which were C$9 million versus a loss of C$10.3 million for nine months ending December 2016. The net loss […]

Jack SmithMarch 27, 2018

Activist investor CannaRoyalty (CNNRF) is at it again, making another acquisition in the cannabis space, this time announcing its intent to acquire all of River Distribution, California’s largest cannabis retail network. The move is a bold step for the Marc Lustig-led company, giving it access to a large network and significantly growing its revenue. In 2017, […]

William SumnerMarch 22, 2018

Here are the news briefs for March 22, 2018: Namaste Technologies Inc. Namaste Technologies Inc. announced today that it has signed a non-binding Terms Sheet with PharmaCann Pty Ltd. Under the term sheet, Namaste will participate in an investment to purchase 10% equity position in PharmaCann, which currently holds licenses to import and export wholesale […]

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Tag: CannaRoyalty

Origin House to Acquire Craft Cannabis Cub City

CannaRoyalty’s AltMed Spinoff Reaps 168% Return On Investment

Green Market Report Daily Hit: August 23 ,2018

CannaRoyalty Revenue Jumps 266% In Second Quarter To C$3.5 Million

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AltMed Closes On C$35 Million Private Placement

CannaRoyalty Reports Rising Revenue for 2017

CannaRoyalty Continues Its Spending Spree, Acquiring River Distribution

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Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

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