Last night at 4:04 PM Eastern Time, the Investment Industry Regulatory Organization of Canada (IIROC) halted trading in the CSE-listed shares of CannaRoyalty Corp. under the ticker (CSE:CRZ). Shares of CannaRoyalty Corp. trading over-the-counter under the ticker (OTC:CNNRF) are also halted currently.
IIROC Halts
According to the release, "IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada."
Pending Deal
The reason listed was "pending news." We now know that this pending news was in fact a $15 million CAD bought deal financing round. $15 million CAD is equivalent to roughly $11,223,764 USD at current foreign exchange rates.
Be sure to check back shortly for coverage on the CannaRoyalty financing deal.
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