Origin House Announces Closing of US $30MM Non-Brokered Financing

Press Release

November 26, 2019 – TORONTO, ON – CannaRoyalty. d/b/a Origin House (“Origin House” – CSE: OH, OTCQX: ORHOF) is pleased to announce that it has closed its previously announced non-brokered financing (the “Financing”). In connection with the Financing, Origin House issued approximately 9,800,000 common shares of Origin House (“Common Shares“) at a price of C$4.08 per Common Share for aggregate net proceeds of approximately C$39,600,000.

The Financing was fully subscribed, and substantially all of the proceeds are being held in escrow pending closing of the previously announced plan of arrangement (the “Arrangement”) transaction pursuant to which Cresco Labs Inc. will acquire all of the issued and outstanding shares of Origin House in an all-stock transaction, as amended on November 13, 2019. The completion of the Financing satisfies one of the remaining conditions to closing the Arrangement. The remaining $274,380 of the proceeds have been paid directly (the “Direct Subscription”) to Origin House. The Common Shares issued in connection with the Direct Subscription are subject to a four month and one day statutory hold period. The Company expects to pay approximately $340,000 in finders fees in connection with the Financing.

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 California brand development platform is operated out of six 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 in Canada 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 inquiries, please contact:

General
info@originhouse.com
1-844-556-5070

Investors
Jonathan Ross, CFA
LodeRock Advisors Inc.
jon.ross@loderockadvisors.com
416-283-0178

Media
Priyam Chakraborty
Senior Communications Manager, Origin House
pchakraborty@originhouse.com
647-232-9287

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