CannaRoyalty Commends Favourable Memorandum of Understanding Between CDS and Canadian Equities Exchanges

 In News Release

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

About CannaRoyalty

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.

For investor inquiries, please contact:

 

Jonathan Ross

Investor Relations

LodeRock Advisors Inc.

jon.ross@loderockadvisors.com

416-283-0178

 

Marc Lustig, CEO

CannaRoyalty Corp.

info@cannaroyalty.com

1-844-556-5070

www.cannaroyalty.com


Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in CannaRoyalty’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward- looking statements.
Forward-looking statements may include, without limitation, statements regarding the Company’s expectations with respect to pursuing new opportunities and future growth for Trichome and other statements of fact.
Although CannaRoyalty has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: competition from banks and other lenders; movements and long term trends in interest rates; the ability of management to select companies that will increase in value and to compete for desirable transactions; the ability to source desirable transactions; dependence on obtaining regulatory approvals; investing in target companies or projects which have limited or no operating history; changes in laws; limited operating history; reliance on management; requirements for additional financing; and regulatory or political change.
There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. CannaRoyalty disclaims any intention or obligation to update or revise such information, except as required by applicable law, and CannaRoyalty does not assume any liability for disclosure relating to any other company mentioned herein.