Wednesday, August 2, 2017

CannaRoyalty (CSE:CRZ) (CSE:CRZ.CN) (CNSX:CRZ) (OTCQX:CNNRF) Investee, AltMed, Partners with Established Cultivator; Awarded Florida Medical Marijuana License

CannaRoyalty (CSE:CRZ) (CSE:CRZ.CN) (CNSX:CRZ) (OTCQX:CNNRF) Investee, AltMed, Partners with Established Cultivator; Awarded Florida Medical Marijuana License

OTTAWA, ONTARIO - August 2, 2017 ( Newswire) CannaRoyalty Corp. (CSE:CRZ)(CSE:CRZ.CN)(CNSX:CRZ)(OTCQX:CNNRF) ("CannaRoyalty" or the "Company"), a fully integrated, active investor and operator in the legal cannabis industry, is pleased to announce that one of its investee companies, AltMed, has agreed to combine its Florida operations with Plants of Ruskin Inc. ("Ruskin"), a multi-generational Florida cultivator, to form AltMed Florida. Ruskin has been granted one of only nine Medical Marijuana Treatment Center ("MMTC") licenses in Florida.
The formation of AltMed Florida will open the entire Florida market to AltMed's award-winning line of MüV™ cannabis infused products, which are anticipated to be available to patients statewide in Q1-2018 via delivery and through MüV by AltMed Florida dispensaries. AltMed Florida will grow its dispensary footprint with up to 25 total dispensaries available to it, as patient demand grows. Ruskin owns and has already received zoning, land use and permitting for its state-of-the-art 150,000-square-foot cultivation and manufacturing facility.

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