CannaRoyalty Commends Favourable CSA Notice Regarding Issuers with U.S. Marijuana-Related Activities
Ottawa, Canada – February 8, 2018 – CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) (“CannaRoyalty” or the “Company”), an active investor and operator in the legal cannabis industry, commented on Canadian Securities Administrators (“CSA”) Staff Notice 51-352 (Revised), Issuers with U.S. Marijuana-Related Activities (the “Notice”).
“The Notice clarifies the regulatory landscape for investors and is favourable for issuers with U.S. cannabis assets,” said Marc Lustig, CEO of CannaRoyalty. “CannaRoyalty has taken a transparent and forthright approach since its public launch. Our view remains that the U.S. federal government does not intend to meaningfully alter the way that existing cannabis business is conducted within legal U.S. states and we applaud the disclosure-forward approach reiterated by the CSA today.”
The Notice reinforces individual exchanges’ right to determine the eligibility of individual issuers to list based on those exchanges’ listing requirements. The CSA also outlined several specific disclosure expectations for issuers with U.S. marijuana-related activities. The Canadian Securities Exchange has repeatedly expressed support for issuers with U.S. cannabis assets and reinforced its support in response to the Notice.
The Notice may be located through the following link: http://bit.ly/2nKdJ0H
CannaRoyalty is an active investor and operator in the legal cannabis industry. Our focus is building and supporting a diversified portfolio of growth-ready assets in high-value segments of the cannabis sector, including research, consumer brands, devices and intellectual property. Our management team combines a hands-on understanding of the cannabis industry with seasoned financial know-how, assembling a platform of holdings via royalty agreements, equity interests, secured convertible debt, licensing agreements and its own branded portfolio. CannaRoyalty’s shares trade on the Canadian Stock Exchange (CSE) under the symbol CRZ and internationally on the OTCQX under the symbol CNNRF.