Origin House Receives Final Approval for Cresco Labs Takeover

OTTAWA, June 13, 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, is pleased to announce that the Company has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving the plan of arrangement (as amended, the “Arrangement“) with Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (“Cresco Labs“) previously announced on April 1, 2019, pursuant to which, among other things, Cresco Labs intends to acquire all of the issued and outstanding common shares and class A compressed shares of Origin House. Receipt of the final order will allow Origin House to complete the Arrangement upon satisfaction of the remaining closing conditions, including the receipt of required regulatory approvals.

“Receipt of the final court order is a significant step towards completing the arrangement with Cresco Labs. Both Origin House and Cresco Labs are committed to closing the transaction as soon as is practicable following the expiration of the applicable antitrust waiting period, and look forward to a successful outcome for shareholders of both companies”, said Marc Lustig, Chairman and CEO of Origin House.

Further information about the Arrangement is set forth in the management information circular of the Company in respect of the meeting of the shareholders of the Company which was mailed to Origin House Shareholders in connection with the Arrangement and filed under Origin House’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

About Origin House

Origin House is a growing cannabis brands and distribution company operating across key markets in the U.S. and Canada, with a strategic focus on becoming a preeminent global house of cannabis brands. Origin House’s foundation is in California, the world’s largest regulated cannabis market, where it delivers over 130 branded cannabis products from 50+ brands 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. Origin House 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 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 information: Media: Priyam Chakraborty, Communications Manager, Origin House, pchakraborty@originhouse.com, 647-232-9287; Investors: Kingsdale Advisors, 1-888-302-5677, contactus@kingsdaleadvisors.com; Jonathan Ross, LodeRock Advisors Inc., Origin House Investor Relations, 416-283-0178, jon.ross@loderockadvisors.com

Source: Origin House

Original press release