Trichome Financial closes private placement
On September 7, 2018, Trichome Financial Corp. ("Trichome Financial"), a subsidiary of CannaRoyalty Corp. (doing business as Origin House), announced it closed its previously announced private placement for gross proceeds of C$15 million.
New investors accounted for the majority of the subscribed proceeds, and now represent approximately 42.5% of the fully diluted capitalization. Post-closing, founding shareholders, management and board members represent approximately 57.5% of the capitalization on a fully-diluted basis.
Trichome Financial intends to deploy the proceeds of the offering into its growing pipeline of specialty finance opportunities within the cannabis sector as well as for general working capital purposes.
Trichome Financial is a specialty finance company focused on providing flexible and creative capital solutions to the global legal cannabis market.
Origin House is a North American cannabis consumer product company currently focused on building a lending distribution business in California, the world's largest regulated cannabis market.
Further information can be found on Canada Newswire's website.