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Tuesday, December 6, 2022

How the New Formula is Working for CannaRoyalty Corp (OTCMKTS:ORHOF)

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One stock that continues to deeply impress us in terms of both topline growth (over 750% on a y/y basis) and the pure character of the action is CannaRoyalty Corp (OTCMKTS:ORHOF). The latest move is the stock’s breakout above it recent 2019 range highs. That could spark a test of the stock’s all-time highs established back in November. To further flesh out the story, the company just announced the launch of Continuum, its wholly-owned California-based distribution platform, formed through the operational integration of RVR Distribution and Alta Supply.

According to the release, “the Company also provided an update on the status of its debt conversion. Continuum is the business name for RVR Distribution, the first locally licensed distributor in West Sacramento, California, and Alta Supply, one of the first licensed distribution companies in Oakland, California. Through three fully-licensed facilities in Alameda, Yolo and Orange counties and over 90 employees, Continuum has state-wide presence and offers coverage across Northern and Southern California.”

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 the launch of Continuum, its wholly-owned California-based distribution platform, formed through the operational integration of RVR Distribution and Alta Supply.

Recent action has seen 9% added to share values of the listing over the past week of action. In addition, the name has registered increased average transaction volume recently, with the past month seeing 20% over what the stock has registered over the longer term.

Afzal Hasan, President and General Counsel of Origin House stated, “Our California brand-focused business model is powered by statewide distribution. We made strategic acquisitions of companies which had established market know-how and local relationships – RVR Distribution and Alta Supply – and consolidated these companies’ operations, into Continuum. Origin House has continued to develop its brand support services, to include contract cultivation, manufacturing and sales, to establish itself as a premier cannabis brand development platform in California focused on accelerating the growth of its partner brands.”

Currently trading at a market capitalization of $498.57M, 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 may be a very interesting story and we will look forward to updating it again soon. 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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