Ottawa-based CannaRoyalty (CSE:CRZ) says it’s entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. that will result in the local marijuana firm raising $15 million.
The company, which made its debut on public markets last month, is a vehicle for investors to hold a stake in a portfolio of cannabis companies in Canada and the United States.
Earlier this month, CannaRoyalty purchased a 20-per-cent stake in Anandia Laboratories Inc., a Vancouver-based company that specializes in marijuana testing, in a deal valued at $4 million.
(Sponsored)
Local businesses face hiring obstacles due to immigration pullback, flawed screening
In his 39 years of practicing immigration law, Warren Creates (a rare Law Society Certified Specialist) has never seen an environment so challenging for employers looking to hire workers from
How Westboro’s female entrepreneurs are making it an attractive destination to live, work and play
When fitness guru Amber Stratton opened the first Pure Yoga studio in Ottawa in 2012, Westboro was her first choice. “The space we found was a really good starting point
CannaRoyalty said in a statement that it will use the proceeds for additional acquisitions as well as continued funding of its existing holders and general working capital purposes.
