CannaRoyalty Shares Launch of New Cannabis Partnering Company

CannaRoyalty (CSE:CRZ; OTCQX:CNNRF) announced the launch of Trichome Yield, a company set to “provide secured debt financing to the Canadian cannabis sector.”
As quoted in the press release:

Trichome aspires to be the preferred lending partner to emerging and established cannabis companies operating in Canada and globally by providing flexible asset-backed debt financing. Trichome is co-founded in combination with Sprott Inc. (“Sprott“), a leading resource and real-asset investor, and Stoic Advisory Inc. (“Stoic“), an independent cannabis focused consulting firm, bringing together three highly respected firms across segments of the cannabis and asset management industries to provide accretive financing solutions and a suite of value-added operational and strategic services.
Trichome will provide its investors with yield-oriented exposure from asset-rich companies across the rapidly growing cannabis supply chain, including: various classes of ACMPR licensed producers (“LPs”) and applicants; cannabis companies to be licensed under the proposed Cannabis Act (including micro producers and processors); production equipment and related supply companies; testing and research labs, manufacturers and distributers of cannabis and related downstream products, and retailers.

Click here to read the full press release.

Source: www.newswire.ca