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| Home : CannaRoyalty Announces Successful Completion of $5 Million Financing by Investee Company Resolve Digital Health |
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Mar 29
2017 |
CannaRoyalty Announces Successful Completion of $5 Million Financing by Investee Company Resolve Digital Health |
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OTTAWA, ONTARIO--(Marketwired - March 28, 2017) - CannaRoyalty Corp. (CSE:CRZ)(CSE:CRZ.CN)(OTCQB:CNNRF) ("CannaRoyalty" of the "Company") is pleased to announce that one of its investee companies Resolve Digital Health ("Resolve"), a medical cannabis delivery system company that develops proprietary smart technology, has completed a $5 million Series A financing round led by Canadian TSX-listed company and ACMPR Licensed Producer, Aphria Inc. (TSX:APH) together with participation by CannaRoyalty which will now own 27.2% of the existing shares of Resolve on a non-diluted basis, a holding with an implied value of approximately $7.1 million based on the financing price. |
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| Source:http://www.marketwired.com/mw/release.do?id=2205725&sourceType=3 |
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