CannaRoyalty Corp (OTCQX: CNNRF) is one of those companies that have been investing significantly in growth opportunities to expand their production volume and market share. CannaRoyalty share price soared almost 60% in the last twelve months – with the 52-week trading range of $1.15 – $4.58. Its stock currently trades around $3.20, and the total market capitalization stands around $135 million.

The growth in CannaRoyalty shares was attributed to the broader rally in the cannabis stocks along with the contribution from its smart investment strategies.

The investments in growth opportunities allowed it to expand its footprints into the seven key legal North American cannabis markets – with the major penetration in the value-added downstream segments, including distribution, manufacturing, technology, product development, and branding.

The company also announced their intention to buy two leading California cannabis companies that had posted revenue of C$12 million in the latest quarter. The company believes these acquisitions will help it to receive foundational assets to accomplish their expansion plans in California markets.

The CEO said, “Our plan over the next twelve months is to leverage our current asset base, expertise, and portfolio of brands to build a leading downstream cannabis consumer products business and generate revenue growth, with a focus on California.”

CannaRoyalty invested more than $19 million in growth opportunities in the latest quarter, while it is looking to increase its expansion strategy in the days to come with the focus on three key aspects:

• The company seeks to enhance its CR Brands product portfolio along with points of distribution mainly through River distribution channel
• CannaRoyalty management plans to make more acquisitions to strengthen their product portfolio
• Finally, the company looks to improve its commercial production in the Santa Rosa facility.

Its financial numbers are helping to impress investors; the significant growth in revenue suggests the increasing demand for its cannabis products. The company generated revenue of $744,302 in the latest quarter compared to $127,707 in the same period last year. CannaRoyalty generated the gross margin of $128,010 in the latest quarter, compared to gross margin $91,269 in the year-ago period.

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