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Monday, June 19, 2017

#Cannabis Stock News: CannaRoyalty (CSE: $CRZ.C) (OTCQX: $CNNRF) Signs Term Sheet with Institutional Investor for $12 Million Debenture Financing and Formation of Joint Venture

#Cannabis Stock News: CannaRoyalty (CSE: $CRZ.C) (OTCQX: $CNNRF) Signs Term Sheet with Institutional Investor for $12 Million Debenture Financing and Formation of Joint Venture

Joint Venture to Fund Opportunities in the Canadian Cannabis Market


OTTAWA, ONTARIO - June 19, 2017 (Investorideas.com Newswire) CannaRoyalty Corp. (CSE:CRZ)(CSE:CRZ.CN)(CNSX:CRZ)(OTCQX:CNNRF) ("CannaRoyalty") is pleased to announce that it has executed a binding term sheet with a Canadian institutional investor (the "Investor") to complete a $12 million financing and form a joint venture ("JV") to finance opportunities in the Canadian cannabis market.
The financing is expected to be comprised of a revolving $12 million secured credit facility with a three year term, of which $6 million will be advanced on closing. The proceeds are expected to be used for specific opportunities that CannaRoyalty is pursuing for production and/or processing assets, as well as general corporate purposes.

Read this news in full at http://www.investorideas.com/news/2017/marijuana/06191CRZ.asp

 

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