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Monday, April 19, 2021

The Fascinating Rise of CannaRoyalty Corp. (OTCMKTS: ORHOF) (CSE: OH)

CannaRoyalty Corp. (OTCMKTS: ORHOF) (CSE: OH) has been making an explosive move up in recent days since the Company announced that it has registered “Origin House” as a business name and will begin to conduct business under the Origin House name effective immediately. At market open on October 23, 2018, the Company’s ticker symbol was changed from “CRZ” to “OH” in Canada and to ORHOF in the US.

CannaRoyalty operates in the booming cannabis space! According to data published by Forbes, citing Brightfield Group, the global cannabis market is estimated to cross the USD 30 Billion mark by 2021. By end of 2017, the global cannabis market value was estimated at USD 7.7 Billion, in which the U.S. held about 90% of total sales. By 2021, the U.S. is expected to account for only 57% of global cannabis sales. Meanwhile, the global market will continue to mature and is projected to grow at a CAGR of 60%.

CannaRoyalty Corp. (OTCMKTS: ORHOF) (CSE: OH) is a diversified operator in the regulated cannabis industry. The Company’s focus is on building and supporting a portfolio of branded cannabis consumer products through a combination of investments, lending, and acquisitions. CannaRoyalty is currently focused on building a leading distribution business in California, the world’s largest regulated cannabis market. California is the largest regulated cannabis market in the world estimated to be worth US$5.2 billion in 2018 according to Forbes magazine.

CannaRoyalty premier cannabis brand development platform is powered by five licensed distribution and manufacturing facilities across California and the  Company delivers over 130 branded cannabis products to the majority of licensed dispensaries in California, with a rapidly growing distributed brand portfolio.

CannaRoyalty Washington’s “cannabis campus” is a new twist on a tried and tested idea — a specialized industry-focused campus where licensed cannabis businesses locate in fully turnkey facilities. AltoTerra Capital Corp’s wholly owned subsidiary, Cascade holdings manages these facilities and ensures ongoing compliance with all State regulations.

Earlier this year CannaRoyalty acquired Kaya Management Inc. and Alta Supply Inc. With the closing of the Acquisitions, CannaRoyalty assumed the California operations of Kaya and Alta Supply. As previously disclosed, CannaRoyalty has already substantially increased the revenue potential of Kaya by securing the exclusive statewide manufacturing and distribution rights to Bhang® edibles (acquired February 22, 2018). Together, Alta Supply and the former manufacturers of Bhang® vaporizers and edibles generated approximately US$11.5 million in consolidated revenue in fiscal 2017.

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Recently CannaRoyalty consolidated manufacturing of its diversified brands portfolio in Kaya’s manufacturing facility and in July, the Company expanded its operations to complement the existing Kaya and Alta locations with the purchase of a licensed distribution and manufacturing facility in Sonoma County. During the quarter, CannaRoyalty integrated and expanded Alta Supply’s distribution network to include over 50 independent brands and a reach that includes the majority of retail dispensaries in California.

CannaRoyalty has built a leading distribution platform in the first two quarters and has positioned the Company to rapidly expand the sales and reach of its distributed and in-house brand portfolio to access shelf-space across the state, as well as for dispensaries seeking access to a full spectrum of top products and brands. On July 1st, 2018 California began enforcing new packaging and regulatory rules. Strategic initiatives undertaken by the Company in the first half of the year has positioned CannaRoyalty as a fully compliant manufacturer and distributor ready to drive significant top line growth during the second half of 2018.

CannaRoyalty subsidiary GreenRock Botanicals makes vape pens and cartridges which are an engineered-in-the-USA vaping solution, designed for the contemporary cannabis market. Greenrock’s vape pens emphasize ease of use, top quality, and reliable performance. GreenRock vape pens use a clean glass cartridge system powered by dual coil ceramic technology. All GreenRock cartridges are loaded with CO2 extracted quality custom distillates.

CannaRoyalty recently acquired investee 180 Smoke and its affiliates for total consideration of $25 million, as well as an additional $15 million upon the completion of certain milestones. 180 Smoke is already approved for one cannabis location, marquee GTA retail locations and actively negotiating additional locations, nationally. In addition to 420 Wellness’ recently approved Calgary location, the company is actively looking to expand its cannabis footprint by applying for and acquiring cannabis retail licenses across Canada. 180 Smoke believes that the vast majority of its Ontario retail locations would fit within a conservative Ontario framework regarding private cannabis retail in the province. In 2017, 180 Smoke generated $7.8 million in revenue with net income of $0.4 million, while investing heavily in growth.

On October 23 CannaRoyalty d/b/a Origin House announced that it has registered “Origin House” as a business name and will begin to conduct business under the Origin House name effective immediately. At market open on October 23, 2018, the Company’s ticker symbol was changed from “CRZ” to “OH” on the Canadian Securities Exchange.

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Currently trading at a $321 million market valuation CannaRoyalty has a war chest of $15.7 million in the treasury, little debt and fast growing revenues reporting record results for Q2 2018 reporting revenues of $3.5 million up from $960k for the same period last year up +446% Sequentially. CannaRoyalty is an exciting story developing; CannaRoyalty premier cannabis brand development platform is powered by five licensed distribution and manufacturing facilities across California and the  Company delivers over 130 branded cannabis products to the majority of licensed dispensaries in California, with a rapidly growing distributed brand portfolio. We will be updating on CannaRoyalty when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with CannaRoyalty.

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Disclosure: we hold no position in CannaRoyalty either long or short and we have not been compensated for this article.

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