CannaRoyalty Announces Receipt of Renewed California Cannabis Operating Licenses
Ottawa, Canada – May 2, 2018 – CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) (“CannaRoyalty” or the “Company”), a leading North American cannabis products and brands company, today announced that it has received renewed licenses for Kaya Management Inc. (“Kaya”), Alta Supply Inc. (“Alta Supply”), Vista Distribution Inc. (“Vista”), and Zenco Manufacturing Inc. (“Zenco”). Kaya and Alta are wholly-owned subsidiaries of CannaRoyalty, and the Company’s active cannabis operations in California are exclusively carried out through these two entities. Alta Supply and Vista received approval for the renewal of their Temporary Distributor Licenses (Category Type 11) from the Bureau of Cannabis Control with the approval of local authorities. Kaya and Zenco received approval for the renewal of their Temporary Manufacturing Licenses (Category Type 6) from the State of California Department of Public Health with the approval of local authorities. The Company intends to apply for permanent licenses in both the adult use and medical categories in due course during 2018, and a further update will be provided on receipt of such permanent licenses.
About CannaRoyalty Corp.
CannaRoyalty is an active operator and investor in the global cannabis industry, with a strong focus on California, the world’s largest cannabis market. Our core mission is to become the leading global consumer product goods company for discerning cannabis consumers. We are currently focused on building a diversified portfolio of manufacturing, distribution, intellectual property, and infrastructure assets to achieve this goal. Our leadership team combines a passion and hands-on understanding of the cannabis industry, with seasoned financial and legal expertise. CannaRoyalty’s shares trade on the Canadian Stock Exchange (CSE) under the symbol CRZ and internationally on the OTCQX under the symbol CNNRF.
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