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NYOptionsGuy

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NYOptionsGuy

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Friday, 07/06/2018 3:04:24 PM

Friday, July 06, 2018 3:04:24 PM

Post# of 1951
CannaRoyalty Continues Expansion of California Footprint in Sonoma

OTTAWA, July 6, 2018 -- /D.M.O. Newswire/ -- CannaRoyalty Corp. (CSE:CRZ) (OTC:CNNRF) ("CannaRoyalty" or the "Company"), a leading North American cannabis products and brands company, announced today that it has purchased a licensed distribution and manufacturing facility ("Cotati") in the city of Cotati in Sonoma County, California for US$2.4 million (the "Agreement"). Cotati will serve as an additional hub for distribution, as well as supporting manufacturing infrastructure, to meet the strong demand of CannaRoyalty's distributed brand portfolio. In addition to the center's strategic location, proximate to both existing Company assets and major transportation arteries, the Cotati property was an ideal choice because of the low initial local tax rates on distribution (0%) and manufacturing (1%)1.

FULL RELEASE: https://www.dailymarijuanaobserver.com/single-post/2018/07/06/CRZ-CNNRF-CannaRoyalty-Continues-Expansion-of-California-Footprint
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