|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.00 - 7.25|
|52 Week Range||3.18 - 8.40|
|Beta (3Y Monthly)||2.65|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
OTTAWA , Feb. 15, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (CSE:OH) (ORHOF) ("Origin House" or the "Company"), a leading North American cannabis products and brands company, today announced that the Company has signed a memorandum of understanding ("MOU") to take over the exclusive distribution of Kurvana products across Northern California , thus terminating Kurvana's distribution arrangements with other third-party distributors in that region. As part of the MOU, the parties have also agreed to explore the transition of distribution in Southern California , subject to fulfilment of mutually acceptable conditions. Kurvana is the leading premium vape pen brand in California , currently ranked as the fifth1 brand in revenue overall in California .
Bhang Corporation ("Bhang" or the "Company") announced today that it will host educational and sensory sessions in Toronto in advance of cannabis edibles legalization, to provide cannabis consumers the opportunity to familiarize themselves with the Bhang product line and ask questions about proper edibles usage. To bring Canadians innovative cannabis products, Bhang partnered with Indiva Limited (Indiva) (NDVA.V) (NDVAF) to manufacture and distribute Bhang cannabis products in Canada.
CORAL GABLES, FL / ACCESSWIRE / February 11, 2019 / Following the recent passing of positive legislation, the marijuana stock market has become a hotbed of conversation. In the past, cannabis was condemned ...
Humboldt's Finest is an alliance of heritage cannabis farms in Humboldt County , a globally-renowned region for craft cannabis production. Origin House is the exclusive distributor of Humboldt's Finest products in California . Agreement aligns with Origin House's commitment to incubate and accelerate promising cannabis brands, while supporting California's dynamic community of cannabis growers.
Utopia is an award-winning cannabis flowers, edibles and extract brand in the California market that recorded wholesale revenue of US$725,000 in December 2018 . Origin House has advanced an additional US$750,000 in financing to Utopia, following the successful and early repayment of Origin House's initial US$750,000 investment. In conjunction with this additional financing, Origin House will take over the exclusive distribution of Utopia's premium cannabis flower from a third-party distributor.
Viola was founded by 16-year NBA veteran Al Harrington in 2012. Origin House's distribution subsidiary, RVR Distribution, will be the exclusive distributor of all Viola products in California .
OTTAWA , Jan. 24, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (OH.CN) (ORHOF) ("Origin House" or the "Company"), a leading North American cannabis products and brands company is pleased to announce it has been named to the 2019 OTCQX ® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year. Origin House was ranked as the second best-performing stock across sectors on the OTCQX Best Market in 2018 with a return of 58.9%. "We are pleased to be ranked second on the list of the 2019 OTCQX Best 50, and as the top performing cannabis company," said Marc Lustig , CEO and Chairman of Origin House.
Origin House completes the previously-announced sale of 51% of its equity stake in Bodhi Research to Green Relief for proceeds of $1.74 million , representing a 1265% return on investment. OTTAWA , Jan. 21, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (OH.CN) (ORHOF) ("Origin House" or the "Company"), a leading North American cannabis products and brands company, today announced that its wholly owned subsidiary, CRHC Holdings Corp. ("CRHC"), has completed the sale of 51% of its 10% equity stake (the "Share Purchase") in Bodhi Research & Development Inc. ("Bodhi Research") to Green Relief Inc. ("Green Relief").
NEW YORK , Jan. 16, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the fourth quarter 2018 performance ...
OTTAWA , Jan. 15, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (OH.CN) (ORHOF), ("Origin House" or the "Company") a leading North American cannabis products and brands company, today announced that it has signed a binding term sheet (the "Agreement") with Alternative Medical Enterprises, LLC ("AltMed") to convert the Company's 3.5% royalty interest on the sale of AltMed's MÜV branded products ("MÜV") into a combination of cash and 125 units of AltMed's equity raising Origin House's aggregate equity position in AltMed to 5.1%. Marc Lustig , Chairman and CEO of Origin House said, "AltMed has established itself as a successful cannabis business in the key markets of Florida and Arizona .
OTTAWA , Jan. 7, 2019 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (OH.CN) (ORHOF) ("Origin House" or the "Company"), a leading North American cannabis products and brands company, today announced that shareholders representing approximately 26% of the common shares of the Company on a fully-diluted basis have entered into voluntary voting support agreements ("Support Agreements") with the Company, in support of its vision, strategic direction and business plan. In recent months, Origin House has been approached by several public cannabis companies contemplating stock-based offers to acquire the Company. To date, these approaches have not culminated in transaction terms that recognize the long-term value of Origin House.
All financial figures in Canadian Dollars ($) unless otherwise noted. OTTAWA , Dec. 17, 2018 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (OH.CN) (ORHOF) ("Origin House" or the "Company"), a leading North American cannabis products and brands company, today announced the results of the early exercise of its outstanding warrants and provided shareholders with an update on its investment in Alternative Medical Enterprises LLC ("AltMed"). As previously announced, on November 23, 2018 , the expiry date of the Company's outstanding common share purchase warrants issued pursuant to a warrant indenture dated April 13, 2018 (the "Warrants") was accelerated to December 14, 2018 .
The sales of certain of Origin House's non-core assets for significant returns, like today's announcement of the agreement to sell its equity interest in Bodhi Research, allowed the Company to commence a normal course issuer bid as announced on August 14, 2018 . At that time the Board approved the purchase of up to 5% of Origin House's total shares outstanding for a total of 2,697,185 shares. As of the close of markets on December 7, 2018 , the Company has bought back 94,100 shares out of the total approved 2,697,185, amounting to 3% of the approved buyback, and plans to continue to execute the NCIB subject to all regulatory conditions.
Enters into share purchase agreement to divest 51% of the Company's equity stake in Bodhi Research for proceeds of $1.74 million , representing a 700% return on investment. Under the share purchase agreement, there is potential for the Company to divest the remaining 49% of its equity stake in Bodhi Research for an additional $2 million , which when combined, would represent an approximate return on investment of 1,500%. OTTAWA , Dec. 10, 2018 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (OH.CN) (ORHOF) ("Origin House" or the "Company"), a leading North American cannabis products and brands company, today announced that Cannabis Royalties and Holdings Corp. ("CRHC"), a wholly-owned subsidiary of Origin House, has entered into a share purchase agreement (the "Agreement"), with Green Relief Inc. ("Green Relief"), to sell its equity stake in Bodhi Research & Development Inc. ("Bodhi Research").
Cannabis products and brand company Origin House, the registered business name for Canada-based CannaRoyalty Corp. , announced Tuesday a deal to buy certain business assets of California-based cannabis cultivator Cub City LLC for $7.03 million. As part of the deal, Origin House will acquire a craft cultivation facility with production capacity of 1,400 kilograms of flower a year, implying a purchase price of $5 per gram of funded capacity. The facility is currently undergoing construction, which is expected to be completed in March 2019. "Access to bespoke third-party cultivation is critical for new flower brands that want an authentic brand promise from seed to consumption," said Origin House President Afzal Hasan. Origin House's U.S.-listed shares have rallied 18% over the past three months, while the ETFMG Alternative Harvest ETF has dropped 17% and the S&P 500 has lost 3.7%.
Origin House has experienced strong demand for bespoke, exotic cannabis production capacity and related expertise, from both current and potential brand partners. The facility and experienced production team have cultivated product for some of the top craft flower brands in California , along with one of the state's prominent pre-roll brands. Purchase price of US$7.025 million gives Origin House an experienced team, a 24,600 square foot facility with annual production capacity of up to 1,400 kg of ultra-premium flower, as well as proprietary production techniques.
soared as much as 49% Wednesday as many pot stocks rallied. Canada, which last month legalized recreational cannabis, expects to see up to $7.17 billion in cannabis sales in 2019, according to a recent report from Deloitte. rose 9.7% on the New York Stock Exchange to close at $8.49, while Aurora Cannabis Inc.
The U.S.-listed shares of Origin House Corp. fell 2.7% in premarket trade Wednesday, after the Canada-based cannabis company reported a near 9-fold increase in revenue, but a more than doubling in net losses. The net loss widened to C$7.50 million (U.S. dollar equivalent of $5.63 million), or 13 cents a share, from C$3.30 million, or 8 cents a share, in the same period a year ago. Revenue rose to C$6.62 million ($4.97 million) from C$744,302, while cost of sales increased to C$6.12 million, or 92.3% of revenue, from $616,292, or 82.8% of revenue. The company's cash balance as of Sept. 30 rose to $75.3 million from $4.5 million as of Dec. 31, while long-term debt increased to $28.2 million from $2.3 million over the same time. "Origin House is positioned as a premier operator in the largest and most dynamic cannabis market in the world and we believe we are just at the beginning of our growth curve," said Chief Executive Marc Lustig. The stock has run up 39% over the past three months, while the ETFMG Alternative Harvest ETF has dropped 12% and the S&P 500 has lost 7.4%.
In the news release, Origin House Partners with Mendocino Cannabis Brand, Henry's Original, To Offer Strategic Investment and Innovative Brand Acceleration, issued 22-Nov-2018 by CannaRoyalty Corp d/b/a Origin House over Cision, we are advised by the company that the release contained certain inaccuracies, which Origin House now wishes to correct. California -based Henry's Original markets handcrafted products such as premium pre-rolls and jars of pure flower from the finest heirloom cannabis grown in Mendocino County . Origin House will purchase up to US$2.5 million of high-quality cannabis flower, from suppliers selected by Henry's.
OTTAWA , Nov. 23, 2018 /CNW/ - CannaRoyalty Corp. d/b/a Origin House (OH.CN) (ORHOF) ("Origin House" or the "Company"), a leading North American cannabis products and brands company, announced today that it is accelerating the expiry date of all outstanding common share purchase warrants (the "Warrants") of the Company issued pursuant to the warrant indenture dated April 13, 2018 between the Company and AST Trust Company (the "Warrant Indenture"). The proceeds from the exercise of the Warrants will be primarily used by the Company to expand its footprint across California , as well as for general corporate and working capital purposes.