Grenville Strategic Royalty Announces USD$500,000 Royalty Agreement with Frequentz, Inc.
June 21 2017 - 4:30PM
Grenville Strategic Royalty Corp. (TSXV:GRC) (“Grenville” or the
“Company”) today announced it has signed a royalty purchase
agreement with Frequentz, Inc. (“Frequentz”) to provide USD$500,000
in growth capital.
Based in Palo Alto, CA, Frequentz is a leading
provider of comprehensive supply chain traceability and information
management solutions, serving some of the world’s largest food and
life sciences distributors and manufacturers. Leveraging
technology initially built by Earthbound Farm and IBM, the
company’s software provides valuable insights into supply chains
and critical business processes by collecting, storing, and
analyzing serialized ingredient data through each stage of
processing down to their source.
“Frequentz represents an opportunity for
Grenville to invest alongside highly regarded Silicon Valley
investors and entrepreneurs with deep domain expertise in a leading
supply chain technology company,” said Grenville CEO Steve Parry.
“This is a good example of our focus on investments with quality
management and capital partners, where our royalty product is
ideally suited to act as a catalyst for future growth.”
Frequentz, Inc.Frequentz
provides serialized data, supply chain traceability, and
information management software solutions to major food and life
sciences companies. Frequentz’s primary offering, their Information
Repository & Intelligence Server (“IRIS”) tracks, traces,
serializes, verifies, captures, stores, and analyzes product event
data, at the unit or lot level, as the product moves through the
supply chain.
About GrenvilleBased in
Toronto, Grenville Strategic Royalty Corp. is a publicly-traded
royalty company that makes investments in established businesses
with revenues of up to $50 million dollars. Grenville generates
revenues from royalty payments and buyouts from contracts. The
non-dilutive royalty financing structure offered by Grenville
competes directly with traditional equity to meet the long-term
financing needs of companies on more attractive commercial
terms.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For further information, please contact:
Grenville Strategic Royalty Corp.:
Steven Parry
Chief Executive Officer
Tel: (416) 777-0383
Grenville Strategic Royalty (TSXV:GRC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Grenville Strategic Royalty (TSXV:GRC)
Historical Stock Chart
From Apr 2023 to Apr 2024