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Tidal Royalty cancels letter of intent with CannaRoyalty Corp

The company decided not to push through with the acquisition after completion of its due diligence
Cannabis plant
Tidal Royalty called off an agreement to invest in Altmed

Tidal Royalty Corp. (CSE:RLTY) announced it has terminated, effective immediately, a letter of intent with CannaRoyalty Corp on the acquisition of an interest in Alternative Medical Enterprises LLC.

The acquisition was announced on August 27, 2018.

READ: Tidal Royalty to buy Altmed from CannaRoyalty Corp in a C$8mln cash and royalty deal

Tidal Royalty said it has decided not to proceed with the transaction following completion of its due diligence investigation. There were no further details.

Tidal Royalty provides royalty financing to the US regulated cannabis industry. The company provides operators with the funding they need to grow their business.

Contact Rene Pastor by [email protected]

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