OTTAWA – 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, further to the Company’s press releases dated April 1, 2019 and November 13, 2019, 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”), pursuant to which, among other things, Cresco Labs intends to acquire all of the issued and outstanding shares of Origin House. Receipt of the final order will allow Origin House to complete the Arrangement upon satisfaction of the remaining closing conditions.
Origin House and Cresco Labs expect to close the Arrangement in the coming days.
Further information about the Arrangement is set forth in the management information circular of the Company dated November 26, 2019 in respect of the meeting of the shareholders of the Company which was mailed to Origin House Shareholders in connection with the Arrangement and filed under Origin House’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com
About Origin House
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 California brand development platform is operated out of six licensed facilities located across California, and provides distribution, manufacturing, cultivation and marketing services for its brand partners. Origin House is actively developing infrastructure to support the proliferation of its brands internationally, initially in Canada through its acquisition of Canadian retailer 180 Smoke. Origin House’s shares trade on the CSE under the symbol “OH” and on the OTCQX under the symbol “ORHOF”. Origin House is the registered business name of CannaRoyalty Corp.