CannaRoyalty Increases Exposure to Investee Wagner Dimas

CannaRoyalty (CSE:CRZ; OTCQX:CNNRF) executed a binding term sheet with its investee Wagner Dimas.

As quoted in the press release:

CannaRoyalty has increased its ownership in Wagner Dimas to 22% of the company, acquired an exclusive Canadian license for the entire portfolio of Wagner Dimas technology and been engaged as Wagner Dimas’ exclusive strategic advisor. CannaRoyalty intends to commercialize Wagner Dimas’ patent-pending cannabis pre-roll technology in Canada, subject to Health Canada approval.

“The pre-roll segment is one of the fastest growing, most sizeable market opportunities in the cannabis sector and Wagner Dimas is currently generating strong sequential revenue growth across all business lines,” said Marc Lustig, CEO of CannaRoyalty. “We’re thrilled to increase our ownership in this high growth, value-add cannabis business while at the same time continuing to grow our Canadian portfolio of assets. We anticipate this will be a valuable category in the Canadian cannabis market heading into the launch of the recreational market next year.”

Click here to read the full press release.

Get the Latest Cannabis Investing Stock Information

Get the latest information about companies associated with Cannabis Investing delivered directly to your inbox.

Cannabis

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Is Trump Good for the Gold Price?


Get expert opinions in our free report.


Give me my free report!
Comments

Leave a Reply