Tidal Royalty Corp. announced that its portfolio company, Diem Cannabis, has made considerable progress towards expansion of its operations into the state of Massachusetts. Further to Tidal Royalty's news release dated September 4, 2018, Tidal Royalty and Diem Cannabis entered into an agreement whereby Tidal Royalty agreed to provide Diem Cannabis with up to USD 12,500,000 over three years to develop and operate a large scale cultivation and processing facility and up to four dispensaries in Massachusetts. In exchange, Diem Cannabis will pay Tidal Royalty 15% of sales from the financed operations. Since that announcement, Diem Cannabis has secured properties for dispensaries in Worcester and Springfield, a municipal license to operate a dispensary in Worcester, and a property and municipal license for cultivation and production in Orange. Diem Cannabis also purchased New England Patient Network (NEPN), a licensed operator of Registered Marijuana Dispensaries in the state, in December 2018. The acquisition will permit Diem Cannabis to operate medical marijuana treatment centers and is expected to provide priority consideration for Diem Cannabis' expected forthcoming recreational cannabis licensing application.