Effective March 27, 2018, CannaRoyalty Corp. (CSE: CRZ) (OTCQX: CNNRF) closed the previously announced acquisitions of Kaya Management Inc. and Alta Supply Inc. and will assume the California operations of both companies.
Alta Supply has a licensed distribution facility in Oakland, California. CannaRoyalty has assumed the facility for distribution of cannabis products. Alta Supply holds a Temporary Cannabis Distribution License (Type 11 – Medical).
Kaya also has a licensed manufacturing facility in Oakland. CannaRoyalty has assumed the facility and consolidated production of Bhang® and CR Brands products into this facility. Kaya holds a Temporary Cannabis Manufacturing License (Type 6 – Medical).
CannaRoyalty, headquartered in Ottawa, Ontario, is an active investor and operator in the legal cannabis industry. The company is focused on building and supporting a diversified portfolio of growth-ready assets in high-value segments of the cannabis sector, including research, consumer brands, devices and intellectual property.
Miller Thomson advised CannaRoyalty with respect to these acquisitions with a team that included Tom Koutoulakis and Phil Long (corporate/M&A).