Interiormark inks royalty funding deal with Grenville
Grenville Strategic Royalty Corp has agreed to provide US$1.75 million to Interiormark LLC in exchange for a gross sales royalty. The transaction includes an option for Grenville to advance an additional US$1.25 million to the company. Interiormark is a U.S. online furniture retailer with a focus on the home theatre seating market. Grenville, which is based in Toronto, has to date completed about $28.9 million in royalty financings in Canada and the United States.
24 March 2015•7 mins read
