CannaRoyalty Commends Favourable Memorandum of Understanding Between CDS and Canadian Equities Exchanges
MOU conclusively resolves any uncertainty regarding the clearing of securities for issuers with U.S. marijuana-related activities
Ottawa, Canada – February 9, 2018 – CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) (“CannaRoyalty” or the “Company”), an active investor and operator in the legal cannabis industry, commented on the Memorandum of Understanding (the “MOU”) signed between CDS Clearing and Depository Services Inc. (“CDS”) and Canadian Equities Exchanges, on February 8, 2018.
“Taken in combination with the positive staff notice released by the Canadian Securities Administrators (“CSA”) yesterday, we view this MOU as a clear and positive statement in support of Canadian issuers with U.S. marijuana-related activities,” said Marc Lustig, CEO of CannaRoyalty. “We applaud CDS and its parent company TMX Group for clarifying this issue for investors once and for all.”
The MOU reinforces CDS’ reliance on individual exchanges to review the conduct of listed issuers based on those exchanges’ listing requirements. The Canadian Securities Exchange, which signed the MOU, has repeatedly expressed support for issuers with U.S. cannabis assets such as CannaRoyalty.
TMX Group Limited press release regarding the MOU: http://bit.ly/2nSBanE
Copy of the MOU: http://bit.ly/2sjVcNm
CannaRoyalty’s press release regarding the February 8, 2018 CSA notice: http://bit.ly/2BLNK1m
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.