CannaRoyalty Corp C.CRZ

Origin House is a growing cannabis product and brands company operating across key markets in the U.S. and Canada. The company delivers over 130 branded cannabis products to the licensed dispensaries. It provides distribution, manufacturing, cultivation and marketing services for its brand partners. The company operates through two operating segments, The Corporate segment derives income from non-operating investment and The California Operations segment engaged in cultivation, manufacturing, an

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CannaRoyalty Corp > 15th trading day of VWAP above 8$

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Comment by stockveton Nov 21, 2018 5:02pm

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Post# 29007050

RE:RE:RE:RE:15th trading day of VWAP above 8$

That was my original thought process as seen in my initial post. I guess we'll find out eventually!

Ventoux wrote: From CANNAROYALTY CORP.

as the Corporation

and

AST TRUST COMPANY (CANADA)

as the Warrant Agent

WARRANT INDENTURE Providing for the Issue of Warrants

Dated as of April 13, 2018

“Acceleration Trigger” means a situation whereby the daily volume weighted average share price on the CSE of the issued and outstanding Common Shares is greater than $8.00 per Common Share for a period of 15 consecutive trading days following the date of issuance of the Warrants;

The key phrase here is "the daily volume weighted average share price". The VWAP was in excess of $8.00 at the close of trading November 1 and has not been below the $8.00 level since then until the close of trading yesterday, which is 14 trading days. If today's VWAP is above $8.00 the condition for the Acceleration Trigger will have been satisfied. If so expect an announcment to that effect.

For a hint as to when that announcment may be made read the press release the company made September 18
https://originhouse.com/cannaroyalty-announces-acceleration-of-warrant-expiry-date/