CannaRoyalty Shares April Revenues for California Subsidiary

CannaRoyalty (CSE:CRZ; OTCQX:CNNRF) announced its California-based distribution subsidiary, Alta Supply, generated a monthly revenue of US$840,000 during April.

As quoted in the press release:

“The California dispensary space is experiencing some short-term growing pains in the transition to a full recreational adult-use framework and we are very proud of the teams at Alta Supply and RVR for generating strong results despite these transitory headwinds,” said Marc Lustig, CEO of CannaRoyalty. “We are equally proud of the contribution that Alta Supply and RVR have made and will continue to make to the state of California both through tax revenue and job creation. The financial results announced today prove that these entities occupy enviable positions within the California cannabis ecosystem. We are confident that the organic growth of these two entities along with synergies with our existing brand portfolio will generate significant value for shareholders.”

Click here to read the full press release.

Source: www.newswire.ca