Announcements - Portfolio News

July 25, 2018

Flow Capital Expands Its Investment In Solar Brokers

Flow Capital Expands Its Investment In Solar Brokers

TORONTO, July 24, 2018 – Flow Capital Corp. (“Flow Capital” and “Flow”) wishes to announce that it has increased its investment in Solar Brokers Canada Corp. (“Solar Brokers”) and its affiliate Green Lion Eco Group Corp. (“Green Lion”).

Solar Brokers, based in Toronto, Ontario, is one of Canada’s largest solar sales organizations. Solar Brokers has brokered the sale of over 30 megawatts of solar to homeowners in Ontario since 2012, selling through online and premium retail channel partners. Solar Brokers is redefining how Canadian consumers adopt residential solar. Green Lion is a project management and quality assurance firm that ensures that every Solar Brokers project is built to industry-leading standards.

Flow Capital will provide to the companies a $1 million secured line of credit, which will accelerate the installation of sold projects. In addition to the line of credit, Flow Capital has made a strategic investment to become a shareholder of Solar Brokers and Green Lion. Flow will also be providing financial and strategic advice to the companies and will have the right to a seat on the companies’ boards of directors. Interest on the line of credit is commensurate with Flow Capital’s existing royalty, and the facility may be repaid at any time without a buyout premium.

Solar Brokers CEO J.C. Awwad commented, “We are excited to be partnering with Flow Capital, and confident that this partnership will allow us to optimize our financial strategy to obtain the required capital to support our ongoing rapid growth.”

“Flow Capital offers emerging growth companies a strong value proposition – a broad set of capital solutions that can be tailor-made to unique circumstances, paired with the advice and involvement of our team and Board,” said Robb McLarty, Acting Chief Executive Officer of Flow. “We believe in Solar Brokers’ business model and potential for value creation, which is why we chose to expand our investment in the company. The partnership is particularly well-matched given our team’s track record of investing in this space, which includes multiple profitable exits at prior firms.”

About Flow Capital Corp.
Based in Toronto, Flow Capital Corp. is a diversified alternative asset investor and advisor, operating two divisions: an investment operation providing revenue-linked capital to emerging growth businesses, and an institutional advisory sales platform providing pension funds, charities and endowment clients with access to leading institutional money managers from around the world. Learn more at www.flowcap.com.

For further information, please contact:
Flow Capital Corp.
Robb McLarty
Chief Executive Officer (Acting)
robb@flowcap.com
Phone: (416) 777-0383

1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C 2V9

June 25, 2018

Flow Capital Exits Debt Investment in Boardwalktech

Flow Capital Exits Debt Investment in Boardwalktech

TORONTO, June 25, 2018 – Flow Capital Corp. (“Flow Capital” and “Flow”) wishes to announce that it has exited its debt investment in Boardwalktech Software Corp. (“Boardwalktech”), earning a 2.2X return in the six months since making its investment.  Boardwalktech commenced trading on the TSXV on June 11, 2018 under the ticker symbol BWLK.

In addition to the investment return described above, and pursuant to the advisory agreement between Flow Capital and Boardwalktech signed in December 2017, Flow Capital continues to hold 79,884 common shares and 319,540 common share purchase warrants of Boardwalktech.

Based in Cupertino, California and founded in 2005, Boardwalktech has developed a patented digital ledger technology that allows for multi-party collaboration and verification on a trusted, shared, secure, and private information cloud.  The Boardwalk Enterprise Blockchain data management platform allows rapid blockchain application development on many platforms using any user interface, supporting both on/off-chain “smart contract” business logic, integration with legacy systems and an easy method of connecting all participants.  Boardwalktech’s customers include twenty-three of the Fortune 500.

“Flow Capital’s unique value proposition is evident in our experience with Boardwalktech.  Our innovative form of growth capital fuels expansion in our portfolio companies and delivers excellent risk-adjusted returns to our shareholders.  In addition to investing capital, we invest our time and our expertise in order to help catalyze meaningful step-ups in portfolio company enterprise value, sharing in the upside through warrants and equity” stated Robb McLarty, Acting Chief Executive Officer of Flow.  “We will continue to execute on opportunities like Boardwalktech, from both the United States and Canada, in order to continue to fulfill our mission of building shareholder value.”

About Flow Capital Corp.

Based in Toronto, Flow Capital Corp. is a diversified alternative asset investor and advisor, operating two divisions: an investment operation providing revenue-linked capital to emerging growth businesses, and an institutional advisory sales platform providing pension funds, charities and endowment clients with access to leading institutional money managers from around the world. Learn more at www.flowcap.com.

For further information, please contact:

Flow Capital Corp.

Robb McLarty
Chief Executive Officer (Acting)
robb@flowcap.com

Phone: (416) 777-0383

1 Adelaide Street East, Suite 3002,

Toronto, Ontario M5C 2V9

June 21, 2018

Flow Capital Announces Binding Agreement to Sell Agnity Global Royalty to Universal mCloud

Flow Capital Announces Binding Agreement to Sell Agnity Global Royalty to Universal mCloud

TORONTO, June 21, 2018 – Flow Capital Corp. (“Flow Capital” and “Flow”) today announced that it has signed a binding agreement to sell its Royalty Agreement with Agnity Global (“Agnity”), an industry leader in LTE/4G/5G mobile IoT applications, to Universal mCloud Corp (TSX-V: MCLD) (OTCQB: MCLDF) (“mCloud”).

Pursuant to the sale, mCloud will pay Flow Capital $2M USD in cash and 1.5M in mCloud shares at close, and another 3.5M shares if certain milestones are met.

“We are excited to be shareholders in mCloud, given the company’s proven team and track record, and the global market opportunity that it is attacking. We’re also very pleased to be participating in Agnity’s continued growth through mCloud. This deal is an example of Flow Capital’s strategy of leveraging our upside exposure to benefit from the success of our portfolio companies,” said Robb McLarty, Acting Chief Executive Officer of Flow Capital.

For mCloud, this transaction extends the company’s capacity to reach all parts of North America, Asia, and Europe and solidifies its position as the eminent provider of IoT asset management solutions for smart buildings, wind, and power utility providers.

“mCloud’s AssetCare platform is now connected to over 15,000 assets around the world and Agnity’s mobile capabilities are already being applied to our AI and Analytics offerings in the field, empowering field workers to achieve successful outcomes,” said Russel McMeekin, mCloud President and CEO. “This transaction will allow mCloud to offer enhanced IoT capabilities to our customers, such as blockchain-based mobile security, while simultaneously doubling our high-margin recurring revenue base and positioning mCloud for profitability in the near term.”

The Binding Agreement is subject to customary regulatory approval and a break up fee.

About Flow Capital Corp.

Based in Toronto, Flow Capital Corp. is a diversified alternative asset investor and advisor, operating two divisions: an investment operation providing revenue-linked capital to emerging growth businesses, and an institutional advisory sales platform providing pension funds, charities and endowment clients with access to leading institutional money managers from around the world. Learn more at www.flowcap.com.

About Universal mCloud Corp.

Universal mCloud Corp. is headquartered in Vancouver, BC with technology and operations centers in San Francisco, CA and Bristol, PA. mCloud is an IoT connected asset care cloud solution company utilizing connected IoT devices, leading deep energy analytics, secure mobile and 3D technologies that rally all asset stakeholders around an Asset-Circle-of-Care™, providing complete real-time and historical data coupled with guidance and advice based on deep analytics and diagnostics resulting in optimal performance and care of critical equipment. It’s all about the asset. The powerful and secure AssetCare™ environment is accessible everywhere, 24/7 through standard mobile devices, ruggedized headsets, and web browsers. For more information, visit www.mCloudCorp.com.

For further information, please contact:

Flow Capital Corp.

Robb McLarty
Chief Executive Officer (Acting)
robb@flowcap.com

Phone: (416) 777-0383

1 Adelaide Street East, Suite 3002,

Toronto, Ontario M5C 2V9

 

Universal mCloud Corp.

Madelin Daviau

NATIONAL | Equicom

T: 416-848-9833

mdaviau@national.ca

 

Russ McMeekin

Chief Executive Officer

Universal mCloud Corp.

T: 415-635-3500

June 18, 2018

Flow Capital Congratulates Boardwalktech on its TSXV listing

Flow Capital Congratulates Boardwalktech on its TSXV listing

TORONTO, June 18, 2018 – Flow Capital Corp. (“Flow Capital” and “Flow”) wishes to congratulate Boardwalktech Software Corp. (“Boardwalktech”) on its successful TSX Venture Exchange (“TSXV”) listing.  Boardwalktech, one of Flow Capital’s portfolio companies, commenced trading on the TSXV on June 11, 2018 under the ticker symbol BWLK.

“Our relationship with Boardwalktech is representative of the value proposition that we offer our portfolio companies and syndicate partners.  In addition to investing capital, we invest our time and our expertise in order to help build portfolio company value,” stated Robb McLarty, Acting Chief Executive Officer of Flow.  “We will continue to execute on opportunities like Boardwalktech, from both the United States and Canada, in order to continue to fulfill our mission of building shareholder value.”

About Flow Capital

Based in Toronto, Flow Capital Corp. is a diversified alternative asset investor and advisor, operating two divisions: an investment operation providing revenue-linked capital to emerging growth businesses, and an institutional advisory sales platform providing pension funds, charities and endowment clients with access to leading institutional money managers from around the world.

For further information, please contact:

Flow Capital Corp.

Robb McLarty
Chief Executive Officer (Acting)
robb@flowcap.com

Phone: (416) 777-0383

1 Adelaide Street East, Suite 3002,

Toronto, Ontario M5C 2V9

April 26, 2018

Grenville Strategic Royalty Announces $1,000,000 Royalty Agreement with Stability Healthcare Inc.

Grenville Strategic Royalty Announces $1,000,000 Royalty Agreement with Stability Healthcare Inc.

TORONTO, Ontario, April 26, 2018 – Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville” or the “Company”) today announced that it has signed a royalty purchase agreement with Stability Healthcare Inc. (“Stability”) to provide US $1,000,000 in growth capital. Similar to Grenville’s other royalty agreements, the financial terms include an indefinite term, monthly payments, and a buyout provision.

Based in Los Angeles, California, Stability uses an online platform to match the supply of travel nurses with healthcare facilities that are in need of temporary nurses, significantly reducing placement times. The company has changed the way that the industry has historically operated by creating transparency in selecting travel assignments by releasing as much information upfront to nurses including compensation, travel expenses and placement facility details. For the past three years, Stability has been ranked on the Inc. 500 fastest growing private companies list.

“We are excited to partner with Stability Healthcare. The company’s online and mobile platform is aligned with two major trends in the healthcare industry: digital transformation and the generational shift of the workforce from Boomers to Millennials” said Grenville’s Acting CEO Robb McLarty. “Our revenue-linked growth capital will help to fuel Stability’s continued expansion, while mitigating the dilution of its existing shareholders.”

About Stability Healthcare Inc.
Stability is a technology driven travel nurse placement agency. Through its wholly-owned digital marketing platform, Stability has developed software and a business process to deliver the first “Create Your Pay Package” portal for travel nurses. The online portal specifically targets the largest audience of travel nurses directly where they spend 90% of their time (mobile). The process puts the feeling of trust, power and control back into the travel nurse’s hands during the job selection and pay customization process.

About Grenville
Based in Toronto, Grenville Strategic Royalty Corp. makes growth-oriented investments in established businesses with revenues of up to $50 million. Grenville generates revenues from royalty payments, buyouts from contracts and equity returns. The 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.:
Donnacha Rahill
Chief Financial Officer
Tel: (416) 777-0383

April 4, 2018

Grenville Strategic Royalty Announces $1,000,000 Royalty Agreement with DionyMed Holdings Inc.

Grenville Strategic Royalty Announces $1,000,000 Royalty Agreement with DionyMed Holdings Inc.

TORONTO, Ontario, April 2, 2018 – Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville” or the “Company”) today announced it has signed a royalty purchase agreement with DionyMed Holdings Inc. (“DionyMed”) to provide $1,000,000 CDN in growth capital to DionyMed. Similar to Grenville’s other royalty agreements, the financial terms include an indefinite term, monthly payments, and a buyout provision. In addition, DionyMed has issued to Grenville warrants to purchase up to 100,000 common shares of DionyMed at a strike price of $1.50 CDN per share for a period of 5 years following the issuance date of the warrants. Grenville will have the right to receive additional common share purchase warrants of DionyMed with each additional investment made by Grenville, up to a maximum of 100,000 additional warrants.

Based in Ontario, DionyMed is a holding company and the sole shareholder of Herban Industries, Inc., a California based group operating as a licensed cannabis manufacturer and distributor across the newly regulated State. An early mover in the industry, DionyMed, through its operating entities, sources cannabis distillate, flower, edibles and other related products from licensed suppliers for delivery through it’s truck fleet, to the 300+ licensed dispensaries throughout California.

“We are delighted to invest in this extraordinary team, including serial entrepreneur Edward Fields, and cannabis industry veteran Peter Kampian, the former CFO of Mettrum Health” said Grenville CEO Steve Parry. “We believe DionyMed, through its professional approach to distribution is poised to establish a lead position in the largest established North American market for cannabis products.”

Peter Kampian is a director of Grenville and is also an officer of DionyMed. As such, the transaction constitutes a related party transaction under Canadian Multilateral Instrument 61-101 (“MI 61-101”), but is otherwise exempt from the formal valuation and minority approval requirements of MI 61-101.

About DionyMed Holdings, Inc.

Founded in 2017 by Edward Fields, a Silicon Valley technology executive, DionyMed entered the Cannabis industry as the California regulatory environment shifted in support of the distributor as a critical component of the supply chain. DionyMed recruited Peter Kampian, former CFO of Mettrum Health to the CFO role complementing the existing leadership team and positioning the company to be a leader in the new formed space.

About Grenville

Based 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

January 22, 2018

Grenville Strategic Royalty Announces Equity Investment Increase to 13% in Cannabis Business – Inner Spirit

Grenville Strategic Royalty Announces Equity Investment Increase to 13% in Cannabis Business – Inner Spirit

– Grenville’s $1 million investment in WatchIt! converted to 10 million shares of Inner Spirit –

TORONTO, Ontario, January 22, 2018 – Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville” or the “Company”) today announced it has reached an agreement with Inner Spirit Holding Ltd., to convert Grenville’s $1 million royalty agreement in Watch It! Consolidated Ltd. (“Watch It!”) to 10 million shares in Inner Spirit Holding Ltd. (“Inner Spirit”) at a price of 10 cents per share. Watch It! is a wholly-owned subsidiary of Inner Spirit and is current in all royalty payment due to Grenville under the royalty agreement. With the conversion, Grenville now holds 14,455,000 shares or approximately 13 percent of the total issued and outstanding common shares of Inner Spirit. The conversion provides Grenville exposure to Inner Spirit’s recreational cannabis business and its retail growth strategy.

Inner Spirit is the parent company of Spirit Leaf Inc. (“Spirit Leaf”) which aims to be a market leader in the franchising of retail cannabis dispensaries in jurisdictions in Canada where private distribution is legalized. Spirit Leaf has entered into 95 franchise agreements for proposed retail locations in Canada.

 “This transaction demonstrates another lever in our toolbox to optimize returns, by blending royalties with the upside of equity returns. Inner Spirit has constructed an impressive retail footprint in preparation for the launch of the recreational cannabis market in Canada,” said Steve Parry, Chief Executive Officer of Grenville. “In select cases where we believe the equity gains can dramatically outperform the royalty returns, like the situation that arose with the integration of Spirit Leaf and Watch It!, a conversion to equity in a broader based business like Inner Spirt makes sense for our shareholders. We look forward to continuing to support Inner Spirit management as they execute their growth strategy.”

 “The transaction demonstrates the flexibility of Grenville’s model to support entrepreneurs through the different phases of their growth. We are very excited about our next phase of growth at Inner Spirit as we prepare for the launch of the Canadian recreation cannabis market this year,” said Darren Bondar, Chief Executive Officer of Inner Spirit. “With 95 executed retail agreements and the recent strategic supply relationship announced earlier this month, we are well positioned to be a leading Canadian retail provider of cannabis in markets where private distribution is legal. We look forward to drawing on Grenville’s experience and expertise as we execute our growth strategy.”

About Grenville

Based 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, buyouts from contracts and equity returns. 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.

 About Inner Spirit

Inner Spirit is a specialty retailer and franchise company that is applying its management’s significant franchise experience and model to the recreational cannabis market. The first and only Canadian cannabis focused company to be granted Canadian Franchise Association membership to date, Inner Spirit intends to establish a chain of recreational cannabis dispensaries under its Spiritleaf brand, with the vision of becoming the leading private recreational cannabis retail dispensary chain in Canada. Spiritleaf aims to be the most knowledgeable and trusted source of recreational cannabis, offering a premium consumer experience with high-quality product brands.

 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

 

 

January 3, 2018

Grenville Strategic Royalty Announces Investment in Solar Brokers

Grenville Strategic Royalty Announces Investment in Solar Brokers

TORONTO, Ontario, January 2, 2018 – Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville”) today announced that it has signed an agreement to provide growth capital to Solar Brokers Canada Corp. (“Solar Brokers”) and its affiliate Green Lion Eco Group Corp. (“Green Lion”).

Solar Brokers, based in Toronto, Ontario, is one of Canada’s largest solar sales organizations. Solar Brokers has brokered the sale of over 30 megawatts of solar to homeowners in Ontario since 2012, selling through online and premium retail channel partners. Solar Brokers is redefining how Canadian consumers adopt residential solar. Green Lion is a project management and quality assurance firm that ensures that every Solar Brokers project is built to industry-leading standards.

Grenville CEO Steve Parry commented: “Our team has a profitable track record of investing in consumer-facing energy sales companies, with over USD $100M of exit value yielded from investments made prior to the inception of Grenville.  We can identify the winning teams and business models.  Grenville is thrilled to have the opportunity to fuel Solar Brokers’ continued expansion with our capital and relationships.”

Solar Brokers CEO J.C. Awwad commented: “Grenville’s unique investment model is a good alternative to equity investment, and is very attractive to fast-growth entrepreneurial companies like ours. This initial investment capital will be used for more rapid expansion across Canada in the first quarter of 2018. We look forward to a mutually beneficial partnership.”

Grenville’s initial investment into Solar Brokers, in the amount of CAD $1,075,000, is through an expandable capital facility. Similar to Grenville’s other royalty agreements, the financial terms include an indefinite term, monthly payments, and a buyout provision.

About Solar Brokers

Solar Brokers is one of the largest solar providers in Canada and the first residential solar brokerage in the country. Since its founding in 2012, the company has experienced revenue growth of over 8900%. To date the company has brokered over 30 megawatts of residential solar in Ontario. Based in Toronto, Solar Brokers and its affiliate companies oversee a staff of over 100 industry-leading professionals. Through its proprietary tools, including state-of-the art project and customer relationship management software, and lead-generating interactive kiosks, Solar Brokers is redefining how consumers adopt residential solar.

About Grenville

Based 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

December 15, 2017

Grenville Strategic Royalty Provides Additional Detail on Boardwalktech Transaction

Grenville Strategic Royalty Provides Additional Detail on Boardwalktech Transaction

TORONTO, Dec. 15, 2017 (GLOBE NEWSWIRE) — Further to the release earlier today, Grenville Strategic Royalty Corp. (TSXV:GRC) (“Grenville” or the “Company”) provides additional commentary that the investment in Boardwalktech, Inc. (“Boardwalktech”) was made with similar financial terms to our other royalty agreements with monthly payments and a buyout provision. The transaction was led by SQN Venture Partners (“SQN”), and Grenville was a participant in the transaction following SQN as lead investor.

About Grenville
Based 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 Announces Investment in Boardwalktech, Pioneer in Enterprise Blockchain

Grenville Strategic Royalty Announces Investment in Boardwalktech, Pioneer in Enterprise Blockchain

TORONTO, Ontario, December 15, 2017 – Grenville Strategic Royalty Corp. (TSXV: GRC) (“Grenville” or the “Company”) today announced that it has signed an agreement, alongside SQN Venture Partners (“SQN”), to provide growth capital to Boardwalktech, Inc. (“Boardwalktech”).

Based in Cupertino, California, Boardwalktech has developed a patented digital ledger technology that allows for multi-party collaboration and verification on a trusted, shared, secure, and private information cloud. Their data management platform allows rapid blockchain application development on any platform or user interface, supporting both on/off-chain “smart contract” business logic and blockchain data. The Boardwalktech Application Engine (BAE) Platform acts as the data management engine enabling enterprises to build enterprise-quality applications.

Grenville CEO Steve Parry commented: “Our Boardwalktech investment demonstrates the value of Grenville’s business model for evaluating and participating in emerging exponential markets like blockchain. Boardwalktech is a pioneer in digital ledger technology, with patents, Fortune 100 customers and significant revenues based on delivering applications that enable the blockchain environment to generate tangible return on investment to customers in mission-critical applications.  Our royalty product is an excellent match for the rapid revenue growth that these companies experience.  We have an established pipeline of new deals in the blockchain space and are devoting additional resources to sourcing more.  We hope that Boardwalktech will be the first of many in this space.”

Boardwalktech CEO Andrew Duncan commented: “We are very pleased to include Grenville as a financial partner alongside of SQN. These two firms have provided our founding investors the ability to delay significant dilution of ownership while we developed our customer base. Now, with the explosion of interest in the blockchain environment, we are in an ideal place to realize significant shareholder value.”

As part of the growth capital facility, Grenville invested US $425,000.

About Boardwalktech, Inc.

Based in Cupertino, California, Boardwalktech has developed a patented digital ledger technology that allows for multi-party collaboration and verification on a trusted, shared, secure, and private information cloud. Their data management platform allows rapid blockchain application development on any platform or user interface, supporting both on/off-chain “smart contract” business logic and blockchain data. Founded in 2005, Boardwalktech is primarily employee-owned.

About Grenville

Based 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