Cannabis & Hemp Stocks Investment Tools – Schedule Demo Now!

Tidal Royalty Considers MichiCann Medical Inc. Merger

Tidal Royalty Considers MichiCann Medical Inc. MergerToronto, Canada-based Tidal Royalty Corp. (CSE: RLTY) (OTC: TDRYF) just announced that it signed a definitive agreement to merge with Vaughan, Ontario-based private cannabis firm, MichiCann Medical Inc. Tidal Royalty is aiming to create a major U.S. multi-state operator (MSO).

Emerging details from the agreement shows Tidal Royalty will acquire all MichiCann’s outstanding shares. According to a statement, MichiCann’s shares will be exchanged at the rate of 2.08 common shares of Tidal Royalty for each MichiCann share. Tidal Royalty shareholders will retain 20% of the new entity while MichiCann’s previous shareholders will retain the bulk 80%.


Consequently, Tidal Royalty said they will adopt a new name, ‘Red White & Bloom’, after the merger has been accepted by MichiCann shareholders. However, this is subject to acceptance by the board of directors, the CSE, and regulatory authorities. The merger is expected to be completed later this month. In addition, Tidal Royalty will now have a six-member board comprising of two current members of Tidal Royalty board and four members which will be nominated by MichiCann.

As of February 2019, when the intention for the merger was originally announced, Theo van der Linde, Tidal Royalty CFO said it would lead to the creation of a major multi-state operator. Tidal Royalty currently has a strong presence in California and Massachusetts. However, van der Linde believes the new company will focus on other markets in the United States including Michigan and Florida.

Curious about how you can make money investing in cannabis? Sign up for Cannin Free Access and subscribe to the Cannin Chronicle. We’ll keep you informed on all things cannabis and even help you determine which cannabis companies have the highest growth potential.

Tidal Royalty Considers MichiCann Medical Inc. Merger

About Cannin: Your Cannabis Stocks Resource

Cannin is your #1 trusted resource for cannabis stocks. Our global team of experts evaluates all emerging cannabis stock investing opportunities. We aggregate hundreds of hours of financial research and provide tips on the best cannabis stocks for 2020. 

Use Cannin as your resource for:

Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.

Are you looking to buy stock in hemp companies or marijuana companies for 2020? Interested in new penny hemp stock companies? Looking for the best Canadian cannabis stocks to invest in? Looking to leverage the power of algorithmic stock trading to beat the cannabis market? We can help.

Are you interested in cannabis stocks like Curaleaf, Trulieve, Aurora Cannabis, Charlotte’s Web, Canopy Growth, or Hemp Inc.?

Predict price movements of cannabis stocks several hours in advance with our proprietary algorithmic stock trading software.

  • +25% Gains in 2020
  • +49.8% Gains in 2019
  • Backtested since 2012

We’re so confident you’ll love our algotrading cannabis stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.

Profit from the best cannabis stocks – we’ll show you how at

Marijuana Stocks, Pot Stocks, Algorithmic Stock Trading, Best Hemp Stocks to Invest In

Tidal Royalty Considers MichiCann Medical Inc. Merger