Mr. Marc Lustig reports

CANNAROYALTY ANNOUNCES ACCELERATION OF WARRANT EXPIRY DATE

CannaRoyalty Corp. has accelerated the expiry date of all outstanding common share purchase warrants of the company issued pursuant to the warrant indenture dated Feb. 15, 2017, between the company and TSX Trust Company. The proceeds from the exercise of the warrants will be primarily used by the company to expand its footprint across California as well as for general corporate and working capital purposes.

Pursuant to the warrant indenture, the company may accelerate the expiry date of the warrants in the event that the volume-weighted average closing price of the issued and outstanding common shares of the company is greater than $6 per common share for a period of 15 consecutive trading days.

The company confirms that, as of the close of markets on Sept. 17, 2018, an acceleration trigger had occurred. In accordance with the terms of the warrant indenture, this news release constitutes notice to warrantholders of the acceleration trigger. Accordingly, the company confirms that the warrants are now set to expire at 5 p.m. EST on Oct. 9, 2018, being the 21st day following the occurrence of the acceleration trigger. Any warrants remaining unexercised after the early expiry date will be cancelled.

As of the close of market on Sept. 17, 2018, a total of 1,318,150 warrants of the 2.5 million warrants originally issued had yet to be exercised. Each warrant is exercisable into one common share at a price of $4.50 per common share. Accordingly, if all of the outstanding warrants are exercised, gross proceeds to the company will total $5,931,675.

In anticipation of all warrants at a price of $4.50 per common share being exercised, the common shares outstanding of CannaRoyalty will be 55,973,613.

About CannaRoyalty Corp.

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.

We seek Safe Harbor.