Origin House Signs Exclusive Distribution Agreement with Humboldt’s Finest and Provides Strategic Investment for Brand Acceleration
- Humboldt’s Finest is an alliance of heritage cannabis farms in Humboldt County, a globally-renowned region for craft cannabis production.
- Origin House is the exclusive distributor of Humboldt’s Finest products in California.
- Agreement aligns with Origin House’s commitment to incubate and accelerate promising cannabis brands, while supporting California’s dynamic community of cannabis growers.
Ottawa, Canada – February 4, 2019 – CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) (“Origin House” or the “Company”), a leading North American cannabis products and brands company, today announced that that the Company has entered into an agreement (the “Agreement”) to provide strategic financing of US$704,000 to Humboldt’s Finest, an alliance of heritage cannabis farms representing Humboldt County. Humboldt’s Finest produces sun-grown cannabis flower on their farms in Humboldt County, California, which is processed into products including jarred flower, pre-roll flower joints, live resin dabs/jars and/or live resin cartridges.
The funds have been advanced towards the forward purchase of Humboldt’s Finest cannabis and cannabis products at a discount to the wholesale price. In conjunction with the Agreement, Origin House’s wholly-owned distribution subsidiary, RVR Distribution (“RVR”) has renewed and extended its exclusive distribution rights to Humboldt’s Finest products. This Agreement, in addition to the previously announced partnership with Mendocino-based Henry’s Original, reinforces Origin House’s presence as an active operator with a strong foothold in the Emerald Triangle, the epicenter of California’s cannabis cultivation.
“We are proud to announce Humboldt’s Finest as a participant in our innovative brand acceleration program, following recently announced partnerships with Henry’s Original and Utopia Cannabis,” said Afzal Hasan, President and General Counsel of Origin House. “We believe that the low-impact, organic practices of cultivators such as Humboldt’s Finest are the gold standard for high quality, sustainable, heritage cultivation. Humboldt County has come a long way socially, economically and environmentally, and the intellectual property rooted within the practices of this community is at the core of the brands that we are partnering with. We’re excited to support operators in Humboldt County that are seeking to make the area a global nexus for cannabis cultivation, as these relationships have the potential to translate into strong returns for both the local communities and our stakeholders.”
About Humboldt’s Finest
Humboldt’s Finest is an alliance of heritage cannabis farms representing legendary Humboldt County. For more information, please visit www.humboldtsfinestfarms.com.
About Origin House
Origin House is a growing cannabis products and brands company operating across key markets in the U.S. and Canada, with a strategic focus on becoming a preeminent global house of cannabis brands. The Company’s foundation is in California, the world’s largest regulated cannabis market, where it delivers over 130 branded cannabis products to the majority of licensed dispensaries. Origin House’s brand development platform is operated out of five licensed facilities located across California, and provides distribution, manufacturing, cultivation and marketing services for its brand partners. The Company is actively developing infrastructure to support the proliferation of its brands internationally, initially through its acquisition of Canadian retailer 180 Smoke. Origin House’s shares trade on the Canadian Securities Exchange (CSE) under the symbol “OH” and on the OTCQX under the symbol “ORHOF”. Origin House is the registered business name of CannaRoyalty Corp. For more information, visit www.originhouse.com.
For further inquiries, please contact:
Marc Lustig, Chairman and CEO
Jonathan Ross, Origin House Investor Relations
LodeRock Advisors Inc.