CannaRoyalty Announces Release Date of Second Quarter 2018 Financial Results and Stock Option Grant
Ottawa, Canada – August 7, 2018 – CannaRoyalty Corp. (CSE:CRZ) (OTCQX:CNNRF) (“CannaRoyalty” or the “Company”), a leading North American cannabis products and brands company, today announced that it plans to release its financial results for the second quarter ended June 30, 2018 on Thursday, August 23, 2018 at 6:30 a.m. ET.
The Company will host a conference call on Thursday, August 23, 2018 at 8:30 a.m. ET to discuss financial results and provide investors with key business highlights. The call will be chaired by Marc Lustig, Chairman and Chief Executive Officer, François Perrault, Chief Financial Officer and Afzal Hasan, President and General Counsel.
Conference Call Details
CannaRoyalty also announced today, the grant of stock options to Daniel O’Neill, the newest director of the Company. Options to purchase up to 200,000 common shares were granted to Mr. O’Neill, pursuant to the Company’s stock option plan, exercisable at a price of CDN$5.65 per common share. The stock options shall have a term of 10 years and vest in four equal tranches, on the date of grant and the one, two and three-year anniversaries of grant.
CannaRoyalty is a North American cannabis consumer product company currently focused on building a leading distribution business in California, the world’s largest regulated cannabis market. By building a world-class logistics platform and supporting contract manufacturing assets, the Company intends to support the growth of new and established cannabis brands. The Company believes California, home to some of the world’s most discerning consumers and a nexus of information and trends, will be the point of inception for the global cannabis brands of the future. CannaRoyalty has developed a diversified portfolio of assets within the cannabis sector, including research, infrastructure and intellectual property to support our existing brands, partner products and distribution networks. The Company’s leadership and staff combines passion and a hands-on understanding of the cannabis industry, with proven financial and legal expertise. CannaRoyalty’s shares trade on the Canadian Stock Exchange (CSE) under the symbol CRZ and in the US on the OTCQX under the symbol CNNRF.
For further inquiries, please contact:
Jonathan Ross, CFA
LodeRock Advisors Inc.