Why CannaRoyalty Corp (OTCMKTS:ORHOF) May Continue to Outpace the Pack

Why CannaRoyalty Corp (OTCMKTS:ORHOF) May Continue to Outpace the Pack



One of the cannabis plays that has received relatively little fanfare but has nonetheless consistently outperformed the pack over the past year is CannaRoyalty Corp (OTCMKTS:ORHOF). We point it out now because the company is undergoing a makeover that could put it in a bit more of a spotlight in coming weeks. Specifically, the company just announced that it has registered “Origin House” as a business name and will begin to conduct business under the Origin House name effective immediately. At market open on October 23, 2018, the Company’s ticker symbol was changed from “CRZ” to “OH” on the Canadian Securities Exchange. It was also changed to ORHOF in the US on the OTC market.

According to the release, “The Origin House corporate identity embodies the Company’s strategy to be the preeminent global house of cannabis brands. The new corporate logo visually represents this ‘house’, comprised of the union of Origin House’s core components (the triangles) by a stylized cannabis leaf (the white space). The Company has unveiled an updated investor presentation and fact sheet as part of this new identity, which are available on its new website, originhouse.com.”

CannaRoyalty Corp (OTCMKTS:ORHOF) trumpets itself as a private equity firm specializing in acquisitions. The firm invests in the legal cannabis sector with a focus on research and intellectual property, consumer brands, and industry infrastructure. It seeks to invest in the United States and Canada. CannaRoyalty Corp. is headquartered in Ottawa, Canada.

The company is doing business as Origin House.

Origin House is a growing cannabis products and brands company operating across key markets in the U.S. and Canada, with a strategic focus on becoming a preeminent global house of cannabis brands.

The Company’s foundation is in California, the world’s largest regulated cannabis market, where it delivers over 130 branded cannabis products to the majority of licensed dispensaries.

Origin House’s brand development platform is operated out of five licensed facilities located across California, and provides distribution, manufacturing, cultivation and marketing services for its brand partners. The Company is actively developing infrastructure to support the proliferation of its brands internationally, initially through its acquisition of Canadian retailer 180 Smoke.

Origin House’s Common Shares currently trade on the Canadian Securities Exchange (CSE) under the symbol “CRZ” and will trade under the symbol “OH” effective October 23, 2018. Origin House is the registered business name of CannaRoyalty Corp.

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As noted above, ORHOF just announced that it has registered “Origin House” as a business name and will begin to conduct business under the Origin House name effective immediately.

Marc Lustig, Chairman and CEO of Origin House commented, “I couldn’t be more excited by what we’re building at Origin House. While many public cannabis companies are now attempting to build brands by putting logos on packages, we have already supported the growth of 50+ brand partners. While most other companies have been staking flags across the globe in constrained markets with limited economics or brand building capability, we’ve been operating for years in the largest and most dynamic market in the world, staking flags in what we see as the most valuable real estate out there – consumer mindshare. And now, with the launch of Origin House, we are officially signaling our intention to leverage that mindshare globally.”

The chart shows 11% tacked on to share pricing for the company in the past week. Moreover, the listing has seen interest climb, with an increase in recent trading volume of approaching 180% beyond its prior sustained average level.

At this time, carrying a capital value in the market of $349.9M, ORHOF has a significant war chest ($12M) of cash on the books, which is balanced by about $4.5M in total current liabilities. ORHOF is pulling in trailing 12-month revenues of $4.7M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 280.9%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $ORHOF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $ORHOF, either long or short, and we have not been compensated for this article.

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