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Wednesday, January 19, 2022

Will New Strategic Positioning Help CannaRoyalty Corp (OTCMKTS:ORHOF) to Climb the Cannabis Ladder?

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The run in CannaRoyalty Corp (OTCMKTS:ORHOF) has continued to shine since the stock put in a key pivot low in late December around $3.75/share, with volume growing over the course of the move. The stock has emerged as one of the stronger plays in the space over the past year, rebounding with enthusiasm in this latest bounce, with new all-time highs now within reach. To add further flesh to the story, the company just announced that it has agreed to provide additional strategic financing of $750K to Utopia Cannabis, “an award-winning California-based cannabis brand”.

According to the release, “The funds have been advanced towards the purchase of Utopia-branded manufactured products including cannabis flower, concentrate, edibles and PAX pods. Origin House’s distribution subsidiary, RVR Distribution, has been the distributor for Utopia-branded jarred extracts, and edibles since February 2016. In conjunction with this financing, RVR Distribution will take over the exclusive distribution of Utopia’s premium cannabis flower, which was previously undertaken by a third-party distributor. The Company now has exclusivity on the complete suite of Utopia-branded products on its distribution platform.”

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 agreed to provide additional strategic financing of $750K to Utopia Cannabis, “an award-winning California-based cannabis brand”.

The chart shows 49% piled on for shareholders of the company during the trailing month. What’s more, the stock has seen a growing influx of trading interest, with the stock’s recent average trading volume running 55% beyond what we have been seeing over the larger time frame.

“As we continue to execute on our corporate strategy, we look forward to strengthening our exclusive relationship with Utopia and onboard new partners to our proven platform to accelerate growth for promising cannabis brands,” said Afzal Hasan, President and General Counsel at Origin House. “Utopia embodies what we value in a brand partner – consistently delivering an authentic best-in-class cannabis experience. Since the last financing to Utopia, they were able to increase the annual sales run rate to US$8.7 million1, with substantial growth potential in 2019.”

Now commanding a market cap of $456.29M, ORHOF has a significant war chest ($58.2M) of cash on the books, which must be weighed relative to about $21M in total current liabilities. One should also note that debt has been growing over recent quarters. ORHOF is pulling in trailing 12-month revenues of $9.1M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 753.4%. 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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