|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.24 - 5.70|
|52 Week Range||3.18 - 9.75|
|Beta (3Y Monthly)||2.25|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Over 88% sequential growth in Q2 2019 preliminary unaudited revenue (compared to Q1 2019), primarily driven by focused execution in expanding California market. OTTAWA , July 18, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (OH.CN) (ORHOF) ("Origin House" or the "Company"), a North American cannabis products and brands company today announced preliminary unaudited revenue of approximately $21 million 1 for the second quarter ended June 30, 2019 , at an approximate gross margin, excluding fair value items, of 17%1. The California market has grown in 2019, with an increase in the number of licensed dispensaries since December 2018 2 and a more stable regulatory environment than in 2018.
TORONTO , July 9, 2019 /CNW/ - 22 Capital Corp. (LFC-P.V) ("22 Capital") and Trichome Financial Corp. ("Trichome Financial") are pleased to announce that each of 22 Capital and Trichome Financial have received unanimous approval from their respective shareholders for their announced amalgamation under the provisions of the Business Corporations Act ( Ontario ) that will result in a reverse take-over of 22 Capital by the shareholders of Trichome Financial (the "Transaction"). The Transaction, if completed, will constitute 22 Capital's "Qualifying Transaction" as such term is defined in Policy 2.4 of the TSX Venture Exchange (the "Exchange").
With U.S. legal marijuana spending set to triple between 2018 and 2024, a new report details which states will be delivering the green.
OTTAWA , June 13, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) ("Origin House" or the "Company"), a North American cannabis products and brands company, is pleased to announce that the Company has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the plan of arrangement (as amended, the "Arrangement") with Cresco Labs Inc. ("Cresco Labs") previously announced on April 1, 2019 , pursuant to which, among other things, Cresco Labs intends to acquire all of the issued and outstanding common shares and class A compressed shares of Origin House. Receipt of the final order will allow Origin House to complete the Arrangement upon satisfaction of the remaining closing conditions, including the receipt of required regulatory approvals.
OTTAWA , June 11, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (the "Company" or "Origin House") (CSE: OH and OTCQX: ORHOF) is pleased to announce that, at the special meeting held today (the "Meeting") of the holders (the "Origin House Common Shareholders") of common shares of Origin House (the "Origin House Common Shares") and the holders (the "Origin House Compressed Shareholders" and, together with the Origin House Common Shareholders, the "Origin House Shareholders") of class A compressed shares of Origin House (the "Origin House Compressed Shares"), the Origin House Shareholders overwhelmingly voted in favour of both resolutions voted on at the Meeting.
OTTAWA , June 6, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (the "Company" or "Origin House") (CSE: OH and OTCQX: ORHOF) announces today that it has agreed with Cresco Labs Inc. ("Cresco") to certain technical amendments (the "Amendments") to its previously announced plan of arrangement (the "Arrangement") pursuant to which Cresco will acquire all of the issued and outstanding shares of Origin House. The agreement amending the Arrangement (which includes the amended Plan of Arrangement) will be filed under the Company's profile on www.sedar.com. The Amendments permit outstanding restricted share units (the "RSUs") to remain outstanding following the completion of the Arrangement as opposed to automatically converting such RSUs into Subordinated Voting Shares of Cresco, as previously provided in the Plan of Arrangement.
News flash to anyone who still thinks that marijuana legalization bills are doomed: Illinois just proved you wrong.Governor J.B. Pritzker -- a billionaire Democrat who ran on legalization -- is about to sign a bill ending marijuana prohibition in his state. This makes Illinois the 11th state to legalize recreational marijuana. (The 12th if you count Washington, D.C.)Whether or not you live in Illinois, this is a big deal -- for several reasons:InvestorPlace - Stock Market News, Stock Advice & Trading Tips 1\. Marijuana legalization made it through the state legislature.Previously, only the much-smaller state of Vermont was able to legalize this way, versus a ballot referendum. This has to be encouraging to pro-legalization politicians in other states… and in Congress. (It's yet another reason why I expect full federal legalization sooner than you think.) * The 10 Best Stocks for 2019 -- So Far 2\. Now, almost a third of Americans will live in a state where adults can purchase recreational marijuana.Illinois is the 6th biggest U.S. state by population. And, with nearly 13 million people, Illinois will be second only to California on the legal-weed roster.So, naturally… 3\. Illinois will bring a LOT to the table for the cannabis industry.We're talking: * $1.6 billion a year in expected sales, according to Chicago Business.And that's just from recreational use. When you factor in medical marijuana - a market that's already thriving in Illinois - the future is even brighter: * $2.9 billion a year by 2024, projects Alliance Global Partners."Illinois is going to be huge," agrees the Brightfield Group, noting that Illinois will soon rival Colorado… a state with a more established industry - but only half the people. * Governor Pritzker thinks legal marijuana will earn Illinois $170 million… just in the first year. There's no doubt that tax revenue is one reason states are jumping on the bandwagon. 4\. This could be a huge job creator.Illinois is already home to several of the top cannabis companies, like Cresco Labs (OTCMKTS:CRLBF). And Cresco is planning to double its workforce there.From its home base in Chicago, Cresco has some pretty ambitious goals for expansion. In April came the news that it would purchase Origin House (OTCMKTS:ORHOF) for approximately $850 million.Cresco is already one of the biggest American cannabis companies, with $21.1 million in first-quarter revenues. But if you count its pending acquisitions of Origin House and VidaCann, Cresco would have made$33.9 million. Origin House might be based in Ontario -- but what it really does for Cresco is open up America's oldest and largest legal-weed market: California.That's just one example. And for us as investors, it's time to get on board this train -- or watch it pass us by.At Investment Opportunities, I'm closely monitoring stocks like Cresco for a potential buy. It's certainly a better bargain than most of the Canadian pot stocks.However, there are a few OTHER stocks that are attractive and still in "penny stock" territory. Why I Like Penny Pot Stocks Ahead of Full Marijuana LegalizationPenny stocks often get a bad rap. But they are actually critical to the global marketplace. The world needs tiny companies -- just as much as bigger ones. They're the job creators. The innovators. And they're the places to look for the biggest gains once marijuana legalization occurs.As an investor, if you're looking for the next Netflix (NASDAQ:NFLX) or Apple (NASDAQ:AAPL), this is where you'll find it.You just want to be VERY choosy about which ones you buy.I use strict guidelines to pick penny stocks -- and I tell you all about them in this presentation.When I used my five-step evaluation process on the marijuana market, I identified four stocks that are worth buying now.During my presentation, you'll have the opportunity to secure a free copy of America's Top 4 Marijuana Moonshot Stocks… I'll even give you a fifth bonus name just for fun.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post How Marijuana Legalization in Illinois Opens Up a Billion-Dollar Market appeared first on InvestorPlace.
Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that shareholders of Origin House vote FOR the Arrangement. OTTAWA , June 5, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (CSE: OH and OTCQX: ORHOF) ("Origin House" or the "Company"), a North American cannabis products and brands company, today announced that, based on the votes cast to date, the Company has received overwhelming support in respect of the statutory plan of arrangement (the "Arrangement") pursuant to which Cresco Labs Inc. ("Cresco Labs") will acquire all of the issued and outstanding shares of Origin House. Additionally, the Company is pleased to announce that ISS, a leading independent proxy advisory firm, has recommended that shareholders of Origin House vote FOR the Arrangement.
NEW YORK , June 4, 2019 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the launch of the OTCQX® Cannabis Index ...
CannaRoyalty Corp (OTC: ORHOF ), a Canadian cannabis company that operates under the Origin House brand name, reported first-quarter results Wednesday that showed substantial revenue growth — and expenses ...
Revenue skyrocketed for the cannabis brands and distribution company as the California cannabis market picked up steam and sales poured in from its acquisition of Canadian vape retailer 180 Smoke.
Origin House Announces Record Quarterly Revenue of $11.2 Million for the First Quarter of 2019; Sequential Growth of 41% from Q4 2018
TORONTO , May 28, 2019 /CNW/ - 22 Capital Corp. (LFC-P.V) ("22 Capital") and Trichome Financial Corp. ("Trichome") are pleased to announce that 22 Capital and Trichome have received conditional approval from the TSX Venture Exchange (the "Exchange") for their announced amalgamation under the provisions of the Business Corporations Act ( Ontario ) that will result in a reverse take-over of 22 Capital by the shareholders of Trichome (the "Transaction"). The Transaction, if completed, will constitute 22 Capital's "Qualifying Transaction" as such term is defined in Policy 2.4 of the Exchange.
OTTAWA , May 17, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (OH.CN) (ORHOF) ("Origin House" or the "Company"), a North American cannabis products and brands company today announced preliminary unaudited revenue of approximately $11 million 1 for the first quarter ended March 31, 2019 , at an approximate gross margin of 15%1. In addition, the Company generated preliminary unaudited revenue for the month of April of approximately $6.5 million 1 and the Company expects gross margin to continue to trend upwards from Q1 to Q2 . The Company's achievements during the first four months of the year are the result of both solid organic growth and strategic merger and acquisition-based initiatives.
OTTAWA , May 14, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (OH.CN) (ORHOF) ("Origin House" or the "Company"), a North American cannabis products and brands company, today announced that it has filed its management information circular, letter of transmittal and related proxy materials (collectively, the "Meeting Materials") and will commence delivery of the Meeting Materials for its special meeting of shareholders (the "Meeting") to be held on June 11, 2019 in connection with its previously announced statutory plan of arrangement (the "Arrangement") pursuant to which Cresco Labs Inc. ("Cresco") will acquire all of the issued and outstanding shares of Origin House. Shareholders of Origin House should receive these Meeting Materials by mail shortly.
Cresco Labs Inc. (“Cresco Labs” or the “Company” – CSE: CL, OTCQX: CRLBF) and CannaRoyalty Corp. d/b/a Origin House (“Origin House” – CSE: OH, OTCQX: ORHOF) today announced that Charlie Bachtell, CEO & Co-Founder of Cresco Labs, and Marc Lustig, Chairman & CEO of Origin House, will be presenting and meeting institutional investors together at Canaccord Genuity’s 3rd Annual Cannabis Conference on Tuesday, May 14, 2019 in New York City. The Annual Cannabis Conference provides attendees the opportunity to gain valuable insight into the rapidly-developing cannabis industry from some of the industry’s leading experts.