Toronto, Ontario--(Newsfile Corp. - June 28, 2018) - Tidal Royalty Corporation (CSE:RLTY) ("Tidal Royalty" or "the Company") is pleased to announce the appointment of Terry Taouss as President of the company. In this role, Mr. Taouss will have responsibility over day-to-day operations with a focus on continuing to build out the organization's transactional capabilities.
"I am extremely excited to have someone with Terry's extensive deal-making and operation-scaling experience on our team," said Paul Rosen, CEO and Chairman of Tidal Royalty. "Terry joined the Tidal Royalty team in February in an operational capacity and quickly distinguished himself through his ability to identify opportunities and creatively structure deals."
Mr. Rosen added: "The Tidal Royalty team has spent the last 11 months travelling the U.S., meeting with licensed operators in virtually every state that has a regulated cannabis industry. We continue to build a sizable pipeline of opportunities. With Terry in the role of president, we continue to add to a management team that I believe is uniquely qualified to execute on our business plan."
Mr. Taouss is an entrepreneur with operational experience scaling fast-growing businesses. He was part of the founding management team at SiteScout, an advertising technology company that he helped profitably lead through its acquisition in 2013. Mr. Taouss subsequently served as the Managing Director of Centro Canada, with carriage over strategy, product, marketing and sales, and was a member of the Centro executive team, helping guide strategy for the company's broader technology and services offering. Mr. Taouss is a member of the Law Society of Upper Canada and practiced corporate law in Canada for several years. He received a J.D. from Osgoode Hall Law School and an MBA from the University of Toronto.
"I have been fortunate to have been involved with a number of high-growth companies during my career and the management team at Tidal Royalty is definitely among the strongest," stated Mr. Taouss. "The Tidal Royalty team has already put in the substantial work to build a deal pipeline consisting of high-caliber businesses across multiple states in the U.S. I am confident that we have the team and the business plan in place to capitalize on the opportunities in front of us."
Other Corporate Matters
Tidal Royalty is a royalty financing company focused specifically on the United States and provides financing in United States dollars ("USD"). While Tidal Royalty trades on the CSE, it currently has, and anticipates that it will continue to have, a significant international following and investor base. As such, the Company announces that it has applied for, and received, approval to have its shares trade in USD. The Company's shares will commence trading as RLTY.U as of Friday, June 29,2018, as per the CSE Bulletin that was issued to this effect.
About Tidal Royalty
Tidal Royalty provides royalty financing to the U.S. regulated cannabis industry. Led by an executive team with extensive industry experience in Canada and the U.S., Tidal Royalty provides operators with the funding they need to grow their business. Operators benefit from non-dilutive capital and investors get top-line access to a diversified portfolio of companies that will form the future of this transformative industry.
Tidal Royalty has raised approximately $40MM to date by way of private placements, which it intends to use primarily for royalty financings and for general corporate purposes. The company was founded by experienced cannabis industry executives and provides expansion financing to licensed U.S. operators across multiple verticals, including cultivation, processing and manufacturing, dispensing, and ancillary services. Tidal Royalty directs interested stakeholders to visit its website at www.tidalroyalty.com to view the company's Corporate Presentation for more details, and the CSE's website to view the company's Listing Statement.
For further information, please contact:
Tidal Royalty Corp.
Terry Taouss, President
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. Readers are cautioned that forward-looking information contained in this new release is not based on historical facts but instead is based on reasonable assumptions and estimates of management. Forward-looking information contained in this news release includes, but is not limited to: the ability to enter into definitive documentation in respect of letters of intent currently entered into by the company, the ability of the company to enter into additional letters of intent and associated definitive documentation with current or further proposed investee companies, the operating and financial performance of any investee company to be funded by Tidal Royalty from time to time, the ability of the company to generate revenue or realize profit through royalty agreements with any future investee companies, the anticipated use of proceeds from private placements completed by the company and the effectiveness of the company's Advisory Board in providing strategic advice. Forward-looking information contained herein is based on the opinions and reasonable assumptions and estimates of management as at the date hereof, and is subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or results of the company to differ materially from those expressed or implied in the forward-looking information. Such factors include: U.S. regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change, risks relating to anti-money laundering laws and regulation, other governmental and environmental regulation, public opinion and perception of the cannabis industry, risks related to the enforceability of contracts, the requirement by the company to obtain additional financing, the limited operating history of the company, timeliness of government approvals for granting of permits and licences needed by any future investee companies, including licences to cultivate cannabis, the actual operating and financial performance of any future investee company may differ materially from that anticipated by the company, competition and other risks affecting the company in particular and the U.S. cannabis industry generally and the risk factors effecting the company disclosed in the listing statement of the company available at www.sedar.com. Because of such risks, uncertainties and other factors, investors should not place undue reliance on the forward-looking information contained herein. The company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. The foregoing statements expressly qualify the forward-looking information contained herein. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States.
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