TORONTO, June 21, 2017 (GLOBE NEWSWIRE) — 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 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.
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.
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CONTACT: For further information, please contact: Grenville Strategic Royalty Corp.: Steven Parry Chief Executive Officer Tel: (416) 777-0383