CSE New Listing - Tidal Royalty Corporation Commences Trading on the Canadian Securities Exchange - Video News Alert on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2018) - Tidal Royalty Corporation (CSE: RLTY) is the latest new listing on the Canadian Securities Exchange, Tidal Royalty, founded by cannabis industry veterans, is a investment platform designed to generate returns from the rapidly-growing US cannabis market.
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The company is actively pursuing opportunities across multiple industry verticals, including cultivation, processing and manufacturing, dispensing, and ancillary services. The company provides expansion capital to licensed, qualified operators and receives a royalty on top-line revenue. This product allows Tidal Royalty shareholders to participate in the broader US cannabis market's growth without being subject to specific operational risks.
Paul Rosen, CEO, stated: "The Tidal Royalty team has spent the last 11 months travelling across the U.S., meeting with licensed operators in virtually every state that has a regulated cannabis industry. We have had discussions with over 100 prospect companies, and we have entered into 3 separate Letters of Intent to date. Our pipeline of opportunities to fund high-caliber operators across nearly a dozen key U.S. states continues to grow and we anticipate that our current efforts will lead to multiple additional agreements as discussions progress."
The company will maintain a flexible position with respect to the form of investments taken, and may employ a wide range of investment instruments, including bridge loans, secured loans, unsecured loans, royalties, net profit interests and other hybrid instruments. The company has raised approximately $40 million to date by way of private placements, which it intends to use primarily for royalty financings and for general corporate purposes. Tidal Royalty now has approximately $38 million in cash on its balance sheet.
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