CannaRoyalty Corp. provided an update from outlined $12 million debenture financing and the formation of a joint venture. CannaRoyalty's institutional investor and JV partner is Sprott Inc. CannaRoyalty's board of directors has also received the nomination of Mr. Peter Gundy as a director, pursuant to Sprott's exercise of its director nomination right. Gundy currently acts as chairman of Alexandria Minerals Corporation and has served on a number of other boards. It is expected that the CannaRoyalty Board will appoint Mr. Gundy on closing of the financing, as a director and the chair of the CannaRoyalty Audit Committee.