19:26:11 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



CannaRoyalty Corp
Symbol CRZ
Shares Issued 56,318,410
Close 2018-10-22 C$ 7.52
Market Cap C$ 423,514,443
Recent Sedar Documents

CannaRoyalty changes name to Origin House

2018-10-22 07:18 ET - News Release

Mr. Marc Lustig reports

CANNAROYALTY ANNOUNCES BUSINESS NAME CHANGE TO ORIGIN HOUSE: THE HOME OF ORIGIN FOR GLOBAL CANNABIS BRANDS

CannaRoyalty Corp., doing business as Origin House, has registered Origin House as a business name and will begin to conduct business under the Origin House name effective immediately. At market open on Oct. 23, 2018, the company's ticker symbol will change from CRZ to OH on the Canadian Securities Exchange.

The Origin House corporate identity embodies the company's strategy to be the pre-eminent global house of cannabis brands. The new corporate logo visually represents this house, comprising the union of Origin House's core components (the triangles) by a stylized cannabis leaf (the white space). The company has unveiled an updated investor presentation and fact sheet as part of this new identity, which are available on its new website.

Marc Lustig, chairman and chief executive officer of Origin House, commented: "I couldn't be more excited by what we're building at Origin House. While many public cannabis companies are now attempting to build brands by putting logos on packages, we have already supported the growth of 50-plus brand partners. While most other companies have been staking flags across the globe in constrained markets with limited economics or brand building capability, we've been operating for years in the largest and most dynamic market in the world, staking flags in what we see as the most valuable real estate out there -- consumer mind share. And now, with the launch of Origin House, we are officially signalling our intention to leverage that mindshare globally."

Afzal Hasan, president and general counsel of Origin House, added: "Our strategy is being implemented in three overlapping phases. Phase 1 of our business -- to build the cornerstone for the Origin House of promising global cannabis brands in California, is well under way. We have an active pipeline of accretive development activities in motion to support the growth of our brand partners, and therefore us. Phase 2, with the goal of internalizing the best of the best brands, began with FloraCal and will ramp up as our brand partners grow. In phase 3, we are taking these brands, consumer tested in California, and scaling them in other jurisdictions to become a true global cannabis consumer brands company. We've officially begun this process in Canada, through the company's proposed acquisition of 180 Smoke. And we intend to expand intelligently, in each regulated cannabis jurisdiction as it becomes viable for the sale of branded products, until we cover the globe."

About Origin House (previously CannaRoyalty Corp.)

Origin House is a growing cannabis products and brands company operating across key markets in the United States and Canada, with a strategic focus on becoming a pre-eminent global house of cannabis brands. The company's foundation is in California, the world's largest regulated cannabis market, where it delivers over 130 branded cannabis products to the majority of licensed dispensaries. Origin House's brand development platform is operated out of five licensed facilities located across California, and provides distribution, manufacturing, cultivation and marketing services for its brand partners.

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