CannaRoyalty Corp. d/b/a Origin House OHORHOF reported second-quarter revenue of CA$21.4 million, compared to CA$3.5 million in the same quarter of 2018.
The gross margin counting biological assets gains was CA $4.4 million. The company reported a net loss of CA$34.9 million, compared to a net income of CA$9.3 million in the prior-year period.
Its operating expenses reached CA$23.5 million while loss from operations was CA$19 million, compared to CA$6.3 million and CA$5.5 million in the second quarter of 2018.
Click here for more information about the upcoming Benzinga Cannabis Capital Conference Oct. 22-23 in Chicago.
“I am very proud of the entire Origin House team for generating another quarter of record revenue growth, leveraging the California brand support and distribution platform we built over the past several years, to deliver results for shareholders," Marc Lustig, Chairman and CEO of Origin House said in a statement.
Origin House is a cannabis brands and distribution company that offers its services in the U.S. and Canada, working on becoming a superior global house of cannabis brands.
The stock traded higher by 2% around $5.45 per share on Wednesday.
Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving—don’t get left behind!
Curious about what’s next for the industry and how to stay ahead in today’s competitive market?
Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.
Secure your spot now before prices go up—this is where the biggest deals and connections happen!
