CannaRoyalty
(CSE: $CRZ.C) (OTCQX: $CNNRF) Investee Rich Extracts Receives Commercial
Cannabis Processing License in Oregon
OTTAWA, ONTARIO - May 19, 2017
(Investorideas.com Newswire) CannaRoyalty Corp. (CSE:CRZ) (CSE:CRZ.CN)
(CNSX:CRZ) (OTCQX:CNNRF) ("CannaRoyalty" or the "Company")
announced that the Company's investee, Rich Extracts LLC, has received a processing
license from the Oregon Liquor Control Commission ("OLCC"), which
allows it to begin producing cannabis products and wholesaling these products
to licensed distributors and dispensaries throughout Oregon.
As previously announced CannaRoyalty
has advanced approximately US$2.3 million in debt to Rich Extracts, and
CannaRoyalty has the right to convert US$2.15 million of this debt into a 30%
royalty stream on Rich Extracts' gross sales in perpetuity.
Read the full news at http://www.investorideas.com/news/2017/marijuana/05192CRZ.asp
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