Origin House (fka ORHOF)

[NYOptionsGuy]

CannaRoyalty to Sell Equity Stake in Wagner Dimas to Australis Cannabis


SOURCE: https://mjobserver.com/investments/cannaroyalty-to-sell-equity-stake-in-wagner-dimas-to-australis-cannabis/


Ottawa, ON — September 17, 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 signed a letter of intent (the “Agreement”) with Australis Capital Inc. (“Australis”) whereby Australis intends to purchase 2,200,000 shares of common stock (the “Share Purchase”) in the capital of Wagner Dimas Inc. (“Wagner Dimas”) from Cannroy Delaware Inc. (“Cannroy Delaware”), a wholly-owned subsidiary of CannaRoyalty Corp. This announcement follows the announcement of the sale of the Company’s exclusive Canadian license for Wagner Dimas’ pre-roll technology to Aurora Cannabis.

Pursuant to the Agreement, Australis intends to purchase Cannroy Delaware’s 22% equity interest in Wagner Dimas. As consideration for the Share Purchase, Australis would pay C$3,000,000, payable in either common shares of Australis or cash.

FULL RELEASE: https://mjobserver.com/investments/cannaroyalty-to-sell-equity-stake-in-wagner-dimas-to-australis-cannabis/