I think this will provide a way to obtaining financing for marijuana financing without waiting for the Feds to change their financing stance.
I am very curious to hear what you think of it.
TORONTO, Oct. 9, 2019 /CNW/ – CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) (”Origin House” or the ”Company”), a North American cannabis products and brands company, today announced that its subsidiary Trichome Financial Corp. (formerly 22 Capital Corp.) (the ”Corporation” or ”Trichome Financial”) (TSXV:TFC) announced that its common shares will begin trading on the TSX Venture Exchange (”TSXV”) tomorrow (October 10, 2019), under the trading symbol ”TFC”.
”Trichome Financial was established to address the lack of credit availability in the high-growth and rapidly evolving global cannabis sector. With the increasing demand for capital across the cannabis value chain and the limited supply of flexible capital, Trichome Financial identified an opportunity to address an unmet need that would provide shareholders with highly attractive returns on both an absolute and risk-adjusted basis,” said Michael Ruscetta, Chief Executive Officer. ”We are providers of solution capital, helping clients to capitalize on opportunities and meet the challenges of this evolving industry. As cannabis is legalized in new markets around the world and existing players mature, we believe the market for Trichome Financial’s credit products will continue to grow. With the experience of our founders and management team, we are in an excellent position to capitalize on this opportunity.”
Message from Marc Lustig, Chairman and Co-Founder
Marc Lustig, Chairman of the Board and Co-Founder of Trichome Financial, commented, ”The rapidly expanding cannabis industry has long needed additional sources of capital, particularly on the credit side. In today’s environment, Trichome Financial’s business model is more relevant than ever. Given its defensive positioning and deep pipeline of opportunities, I expect Trichome Financial to become a valuable partner for many well-positioned cannabis companies in this growing industry, while generating returns for all shareholders.
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