Trichome Financial completes RTO

On October 4, 2019, Trichome Financial Corp. (the "Corporation" or "Trichome Financial") completed a reverse-takeover of 22 Capital Corp. ("22 Capital") in order to become a public company with common shares listed and posted for trading on the TSX Venture Exchange.

The transaction was first announced on October 17, 2018, in which 22 Capital and Trichome, then a private subsidiary of Origin House (formerly CannaRoyalty Corp.), announced that on October 2, 2018 they entered into a binding letter agreement to complete a transaction that will result in a reverse takeover of 22 Capital by the shareholders of Trichome.

The transaction was approved by the shareholders of each of company at a shareholder meeting for 22 Capital on July 4, 2019 and a shareholder meeting for Trichome Financial held on July 8, 2019, at which time the amalgamation constituted the Qualifying Transaction for 22 Capital under Policy 2.4 of the TSXV Corporate Finance Manual.

Pursuant to the October agreement, each outstanding common share of 22 Capital was exchanged for 0.0702 common shares in the capital of the Corporation. As a condition to closing the transaction, Trichome Financial completed a non-brokered private placement financing of 7,849,707 subscription receipts at C$2.10 per subscription receipt and raised gross proceeds of approximately C$16.5 million. Following closing, the subscription receipts converted into 7,849,707 common shares of the Corporation.

Further information can be found on Canada Newswire's website.

Trichome Financial is a specialty finance company focused on providing flexible and creative capital solutions to the global legal cannabis market.