|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.35 - 8.46|
|52 Week Range||3.18 - 9.75|
|Beta (3Y Monthly)||2.33|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
OTTAWA , May 3, 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 the Company has obtained an interim order from the Ontario Superior Court of Justice (Commercial List) (the "Court") in connection with its previously announced statutory plan of arrangement pursuant to which Cresco Labs Inc. ("Cresco") will acquire all of the issued and outstanding shares of Origin House, with each holder of a common share of Origin House receiving 0.8428 of a subordinate voting share of Cresco Labs and each holder of a class A compressed share of Origin House ultimately receiving 84.28 subordinate voting shares of Cresco Labs (the "Arrangement").
Acquisition of Cub City brings Origin House a 24,600 square foot facility with annual production capacity of up to 1,400 kg of ultra-premium flower, and a team that has cultivated cannabis for some of the top craft flower and pre-roll brands in California . OTTAWA , May 2, 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 closed the previously announced acquisition of Cub City LLC ("Cub City"), a licensed premium craft cannabis producer based in Sonoma County, California for total consideration of US$5.3 million (the "Acquisition").
It doesn't have the star power of former politicians on its board of directors or flashy videos by Hollywood directors, but Cresco Labs Inc. The company prefers to let its numbers speak and eschews the flash of other cannabis companies. The company recently reported its earnings and along with its results, Cresco presented a slideshow of statistics.
The cannabis products and brands company delivered sizzling growth from its California operations in the fourth quarter.
Origin House Announces Financial Results for the Fourth Quarter and Fiscal Year Ended December 31, 2018
OTTAWA , April 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 that it will host a conference call on Monday, April 29, 2019 at 8:30 am ET to discuss its 2018 fourth quarter and full-year financial results and provide investors with key business highlights. Origin House is a growing cannabis brands and distribution company operating across key markets in the U.S. and Canada, with a strategic focus on becoming a preeminent global house of cannabis brands. Origin House's foundation is in California, the world's largest regulated cannabis market, where it delivers over 130 branded cannabis products from 50+ brands to the majority of licensed dispensaries.
You might not have even heard of this marijuana stock, but it's bigger than CannTrust and HEXO -- combined.
OTTAWA , April 10, 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 provided an update on Sonoma County permit approvals received by the Company's pending acquiree, California -based cannabis cultivator Cub City LLC ("Cub City") and wholly-owned subsidiary, FloraCal Farms ("FloraCal").
On April 1, the cannabis company announced that it was being acquired by U.S.-based Cresco Labs, but shareholders were not impressed.
Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations NEW YORK , April 8, 2019 /PRNewswire/ -- Virtual Investor Conferences, ...
Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a market snapshot discussing the success of recent distribution agreements in the California cannabis space. Nutritional High International Inc. (CSE: EAT) (OTCQB: SPLIF), a company focused on developing, manufacturing and distributing products under recognized brands in the cannabis products industry, with a specific focus on edibles and oil extracts for medical and adult recreational use, recently congratulated Cresco Labs Inc. on their agreement to acquire Origin House. "We are pleased that another California distribution and manufacturing company with many similarities was acquired at such a healthy multiple," commented Adam Szweras, Co-Chair of the Nutritional High board.
HENDERSON, NV / ACCESSWIRE / April 5, 2019 / Following a tremendous start to the year, marijuana stocks treaded water in the month of March. The Horizons Marijuana Life Sciences ETF, which is comprised ...
OTTAWA , April 2, 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 the following access information for its combined conference call and webcast with Cresco Labs Inc. ("Cresco Labs") to discuss the recently announced acquisition of the Company by Cresco Labs. Archived access to the webcast will be available for one year on Cresco's investor website. An investor presentation and fact sheet providing an overview of the transaction are available on the Events and Presentations page of the Cresco investor website and Origin House's investor website.
Cresco Labs plans to acquire Origin House. Here are the most important things to know about the major deal.
Shares of Origin House fall Monday, although Chicago-based Cresco Labs Inc. said it was buying the Canada-based cannabis company in a stock deal valued at C$1.1 billion, but the deal did help inspire buying interest in the broader marijuana sector.
Cresco Labs (OTC: CRLBF) is strengthening its presence in California and other markets through the acquisition of Origin House, which is the trade name for CannaRoyalty Corp (OTC: ORHOF). Under the terms of the deal, shareholders of Origin House will receive 0.8428 subordinate voting shares of Cresco Labs for each share they hold. After the transaction is complete, Origin House shareholders will own 20 percent of the combined company.
Cresco Labs Inc. announced Monday a deal to buy Origin House, the registered business name for Canada-based CannaRoyalty Corp. , in a deal valued at C$1.1 billion, or the equivalent of $823.5 million. Under terms of the deal, Cresco will exchange 0.8428 subordinate voting shares of Cresco for each Origin House share outstanding. Based on Friday's closing prices for the U.S.-listed shares, that would value Origin House shares at about $9.48 each, or a 4.9% premium. The deal, which Cresco said is the "largest public company acquisition in the history of the U.S. cannabis industry," is expected to be completed by the end of June. "Following the closing of this acquisition, Cresco brands will be in over 725 dispensaries across the country, giving us the largest and most strategic distribution footprint of any cannabis company in the United States," said Cresco Chief Executive Charlie Bachtell. Cresco's U.S.-listed stock has run up 67% year to date and Origin House's U.S. shares have soared 90%, while the ETFMG Alternative Harvest ETF has climbed 46% and the S&P 500 has gained 13%.