Toronto, Ontario based Tidal Royalty Corp. (CSE: RLTY.U) (OTC: TDRYF) CEO and Chairman Paul Rosen was interviewed by Cheddar TV on the state of U.S. cannabis and the investment opportunities for Tidal Royalty. Tidal Royalty is a leading provider of royalty financing to licensed U.S. cannabis operators.
Mr. Rosen spoke to Baker Machado and Brad Smith in a wide-ranging interview. Mr. Rosen discussed Tidal Royalty's investment thesis, the cycling of capital from the Canadian market to the U.S., and the immediacy of the investment opportunity in the U.S. "The trendline is clear, the US cannabis economy is growing seismically, and my belief is - inevitably and probably imminently - you are going to have harmonization and at that point it's going to be too late to build your portfolio."
Mr. Rosen, together with experienced cannabis industry executives, founded Tidal Royalty to provide expansion financing to licensed U.S. operators across multiple verticals, including cultivation, processing and manufacturing, dispensing, and ancillary services. The company has raised approximately $40MM to date by way of private placements, which it intends to use primarily for royalty financings and for general corporate purposes. Notable industry executives, including Hugo Alves (President of Auxly Cannabis Group) and Marc Lustig (CEO of CannaRoyalty), sit on Tidal Royalty's Advisory Board, among others.
The episode of Cheddar TV aired on August 21, 2018. It can be viewed in its entirety on Cheddar's Website at https://cheddar.com/videos/tidal-royalty-ceo-u-s-marijuana-market-looks-like-canada-4-5-years-ago.
About Tidal Royalty
Tidal Royalty provides royalty financing to the U.S. regulated cannabis industry. Led by an executive team with extensive industry experience in Canada and the U.S., Tidal Royalty provides operators with the funding they need to grow their business. Operators benefit from non-dilutive capital and investors get top-line access to a diversified portfolio of companies that will form the future of this transformative industry.
For further information, please contact:
Tidal Royalty Corp.
Courtland Livesley-James, Executive Vice President
Email: [email protected]
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities law. Forward-looking information is frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or information that certain events or conditions "may" or "will" occur. Readers are cautioned that forward-looking information contained in this new release is not based on historical facts but instead is based on reasonable assumptions and estimates of management. Forward-looking information contained in this news release includes, but is not limited to: the ability to enter into definitive documentation in respect of letters of intent currently entered into by the company, the ability of the company to enter into additional letters of intent and associated definitive documentation with current or further proposed investee companies, the operating and financial performance of any investee company to be funded by Tidal Royalty from time to time, the ability of the company to generate revenue or realize profit through royalty agreements with any future investee companies, the anticipated use of proceeds from private placements completed by the company and the effectiveness of the company's Advisory Board in providing strategic advice. Forward-looking information contained herein is based on the opinions and reasonable assumptions and estimates of management as at the date hereof, and is subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or results of the company to differ materially from those expressed or implied in the forward-looking information. Such factors include: U.S. regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change, risks relating to anti-money laundering laws and regulation, other governmental and environmental regulation, public opinion and perception of the cannabis industry, risks related to the enforceability of contracts, the requirement by the company to obtain additional financing, the limited operating history of the company, timeliness of government approvals for granting of permits and licences needed by any future investee companies, including licences to cultivate cannabis, the actual operating and financial performance of any future investee company may differ materially from that anticipated by the company, competition and other risks affecting the company in particular and the U.S. cannabis industry generally and the risk factors effecting the company disclosed in the listing statement of the company available at www.sedar.com. Because of such risks, uncertainties and other factors, investors should not place undue reliance on the forward-looking information contained herein. The company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. The foregoing statements expressly qualify the forward-looking information contained herein. This release does not constitute an offer for sale of, nor a solicitation for offers to buy, any securities in the United States.
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