Origin House (fka ORHOF)

[mauiguy2]

All the information is on this board. Read the last 20 or 30 posts. Cresco acquired Origin House.

[jonsmile]

Was it bought out ? Taken over ? Please tell me the Details thanks

[mauiguy2]

ORHOF has been trading under ticker CRLBF since early this year. It's doing quite well.

[jonsmile]

What happened to this stock ? Did it get bought out ?

[MustBeTheTruth]

The Cannabis Countdown

Click here to read

[Flippin Stocks]

Your Origin Shares may take a few days to convert over to Cresco depending on your broker. In the meantime, head over and follow our Cresco iHub board to follow your investment!

https://investorshub.advfn.com/Cresco-Labs-Inc-CRLBF-30171/

[nsomniyak]

It will take some time for your broker to do the share exchange.

[ztockings]

Why I still have OH shares??? It's now the 11th...

[$5.95akadawson-m]

Pass the shovel. I mean the baton. Origin is in good hands now.

[nsomniyak]

RIP ORHOF. Long live CRLBF!

[Renee]

ORHOF: Cresco Labs Inc acquired CannaRoyalty Corp. d/b/a Origin House ("Origin House"). Holders of common shares of Origin House received 0.7031 (the "Exchange Ratio") subordinate voting shares of Cresco Labs Inc for each Origin House Common Share held.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[bunnyskates]

I did with Fidelity. They said they will take care of transfer.

[xgin]

It is anticipated that the Origin House Common Shares will be delisted from the Canadian Securities Exchange (“CSE”) as of the close of trading on January 9, 2020, and Origin House intends to submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.

[xgin]

Cresco acquired 94,558,120 Origin House Common Shares (on an as converted basis) in exchange for 66,483,798 Cresco Shares.
https://cannabis-investment-group.com/2020/01/08/cresco-closes-acquisition-of-origin-house-adding-leading-california-wholesale-distribution-and-cultivation-operations-to-its-strategic-national-footprint/

[ignatiusrielly35]

The transaction is now completed. ORHOF will cease trading on 1/9/20. Has anyone checked to make sure that their broker will automatically convert the shares to Cresco shares? I assume this will be the case but I’m not sure, since it’s a Canadian company.

[xgin]

And there it is the Final Order!
https://originhouse.com/origin-house-obtains-final-order-for-proposed-arrangement-with-cresco-labs-inc-2/

[ignatiusrielly35]

My thoughts exactly. A cheap method of accumulation.

[xgin]

Pretty much what I expected. I now have met my goal so that when my shares convert I'll have 13,500 shares of $CRLFB. Actually my bad math will give me 13,535, but heck I can live with it. If you're planning to keep the shares for a while was a great buying opportunity and just when I rec'd the money I need to complete my buys too! Such luck!!

[ignatiusrielly35]

Right now the share exchange premium is nearly gone. Naturally, the sharks opted to bring Cresco down instead of allowing Origin to go up.

[xgin]

https://wgntv.com/2019/12/30/patients-dispensaries-prepare-for-high-demand-for-recreational-marijuana/

[xgin]

Here's the link. https://originhouse.com/origin-house-receives-shareholder-approval-of-plan-of-arrangement-with-cresco-labs-inc/

[ignatiusrielly35]

We are rockin’ ‘n’ rollin’ now. The vote was timed perfectly to induce tax sellers to get back in.

[Chi99RT]

10am central I think

[greenwillow]

Great way to finish off the year

$OH

[ignatiusrielly35]

That would be off the charts. Yes, fairly unlikely.

[xgin]

Anyone know when the vote is today? Be nice to have it final before COB.

[xgin]

Ignatius, you should have seen the hard time they gave me on Yahoo when I said MAYBE it could hit 12 by the end of January! I realize that's overly optimistic, but if it catches fire....

[ignatiusrielly35]

Exactly. And I agree with your view. I bought ORHOF to get the combined company as a long term investment. I never once doubted this was going through. But the excessive premium on the arb play was too exaggerated for a while to have been a legitimate time premium. The big boys were playing a short arbitrage while trying to convince the retails that the deal would fail. I’m sure they scared a lot of people out.

[ignatiusrielly35]

Yeah, I have all ORHOF myself. I never understood why anyone would pay full price for Cresco shares when you could get a nice discount by buying ORHOF. I’m thinking Cresco will be at least 15 in the next 12 months. Conservative estimate.

[nsomniyak]

While the % premium has decreased, so too has the time period over which you would have to carry the arb.

In other words, a 5% discount with 1 month to go gives the same annualized return as a 10% discount with 2 months to run (and there is less uncertainty now).

As long as you are willing to go a week or so without liquidity while the shares are exchanged, buying ORHOF is still the most attractive way to get into the to-be CRLBF powerhouse.

Given that my time frame on ORHOF and the entire cannabis industry is long term, I am not concerned about a short period during which I will not be able to sell my shares.

[xgin]

Actually I'll get the same number of shares no matter what as I've spent every dime on ORHOF. My 17,500 shares should convert to 12,304. That means over $5,700 in arbitrage. And that's before Cresco really takes off. I just may get the money back that I lost in Snapchat a couple of years ago. What's your best guess as to where CRLBF's pps will head?

I see my last post on here before I came back was 04/11 back when the conversion was .84+ and I had 5500 shares and I thought that was alot. Funny how things work sometimes. Usually it's not in my favor.

[ignatiusrielly35]

Okay, that’s what I thought you meant. In other words, there is still a potential arbitrage play. But it’s small. Meaning that the market now knows the deal is all but done. After they falsely shorted and distorted to try to sell everyone the opposite result for 8 months.

[xgin]

I use to do it long hand, but have been told (and since I verified by the method that it comes out the same as longhand. You get you the same result.
CRLBF PPS $6.62 X .7031 (conversion rate) = $4.65

$4.65 divide by ORHOF PPS $4.09 = 1.1380

Multiply 1.138 x your current ORHOF stock balance = your $ balance in CRLBF stock if it were done today. Known as the premium you get for allowing Cresco to buy Origin House.

[xgin]

Premium now 1.138

[xgin]

Premium 1.0985

[xgin]

https://markets.businessinsider.com/news/stocks/origin-house-strengthens-partnership-with-top-selling-california-cannabis-brand-kings-garden-through-exclusive-distribution-agreement-1028788045

[xgin]

Cresco Labs Announces the Opening of Its First Five Sunnyside* Dispensaries

https://investors.crescolabs.com/investors/press-releases/press-release-details/2019/Cresco-Labs-Announces-the-Opening-of-Its-First-Five-Sunnyside-Dispensaries-and-the-Launch-of-Sunnysideshop-in-Preparation-for-First-Day-of-Adult-Use-Cannabis-Sales-in-Illinois/default.aspx?fbclid=IwAR0V60pyPX7yEphCryFpJQPsX5glKOt_5E3taRj6W5EOiiM3Zq-VHou3ah8

[ignatiusrielly35]

The content of a neutral question is capable of being bullshit? Interesting take on it.

[SurgeGuy2.0]

The content of that post is Bullshit

[bUrRpPPP!]

Tax selling over?

[xgin]

Couldn't agree more. The volume was absolutely anemic today and I suspect this is the calm before the storm. Just think the coverage the press will give to Illinois Jan.1 The vote ends 10AM tomorrow morning and 1. I bet they announce the results before the close and 2. Just about 100% of the remaining votes would have to be NO for the merger not to be agreed to.

[MustBeTheTruth]

I DONT KNOW. i just like this. The month of December brought more positive news for the company in the form of increasing shareholder support for its merger with multi-state operator (MSO) Cresco Labs (CSE: CL) (OTCQX: CRLBF), further proving the value of Origin House. Once the merger officially closes, the combined company will be a force to reckon with not just in California, but throughout the entire United States.
https://www.thecannabisinvestor.ca/multi-billion-dollar-california-cannabis-market-is-up-for-grabs/

[ztockings]

Interesting that Hollister and TransCanna were paid clients of this newsletter, but not the last 2 which includes ORHOF and IIPR...

[MustBeTheTruth]

GOOGLE "Multi-Billion Dollar California Cannabis Market is Up For Grabs"

[xgin]

I am now a proud owner of 17.5k ORHOF@$3.683 which should convert to 12,304 CRLBF@$5.77 if done today. The premium is currently 1.076 (x current balance). Looks pretty good it's going to happen!
https://originhouse.com/origin-house-reminds-shareholders-voting-deadline-for-cresco-transaction-is-friday-december-27-2019/

Still 99+ yes vote on almost 50% counted.

[ignatiusrielly35]

Cresco-Origin will be one of the big winners in the sector.

[xgin]

Lookin Good!
https://mjglobalreport.com/cannaroyalty-cnsxoh-otcmktsorhof/
"A merger of the two companies will result in a combined company with licenses for up to 51 retail locations. The combined company will also boast of 1.5 million square feet of cultivation across 11 states in the U.S.

Amidst the acquisition drive, Origin House has continued to fire on all angles as it continues to work on its core business. A 244% increase in revenues in the third quarter that came in at $22.8 million underscores a company in a phase of robust growth."

[nowwhat2]

Reverse-O-Rama ? !

Profit-sharing.....

Let's get down to business !

[xgin]

Picked up 50 shares of CRLBF & 3,398 more shares of ORHOF (total 9,750@$3.25). If all goes well I should end up with 6900+ shares of CRLBF. Sure hope so as I took some money from my retirement account (taxable) to pay for it.

[xgin]

$ORHOF https://www.fool.com/investing/2019/12/14/4-cannabis-stocks-to-play-illinois-budding-marijua.aspx
Mentions Cresco. Didn't know they are allowed a maximum of 10 locations.