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.
OBJ360 (Sponsored)
Why your next investment should be Canadian art
Ahead of its highly anticipated Give to Get Art Auction on May 29th, the Ottawa Art Gallery (OAG) offers some expert advice on investing in art. Art can inspire, spark
Minto’s Metro Towns at Anthem in Barrhaven & Parkside in Kanata offer attainable home ownership
Guided by the needs of homeowners, Minto has been building new homes and master-planned communities across Canada and the USA for 70 years. To ensure the best quality of life
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.
