CannaRoyalty Corp has closed the previously announced acquisition of Cub City, a licensed premium craft cannabis producer based in Sonoma County, California for total consideration of US$5.3 million.
“Cub City’s 24,600 sq. ft. Santa Rosa facility has an annual production capacity of up to 1,400 kg of ultra-premium flower, along with pre-roll production capabilities. In addition to that, Cub City holds a provisional state indoor cultivation license and a local minor-use permit for cultivation, non-volatile manufacturing, processing and distribution. the Cub City facility is expected to be operational in July 2019,” commented Marc Lustig, Chairman and CEO of Origin House.
For more information:
Origin House
333 Preston Street, Preston Square Tower 1, Suite 610, Ottawa, ON, K1S 5N4
1 844 556 5070
1 613 680 5070
info@originhouse.com
originhouse.com