WATCH IT! inks royalty funding deal with Grenville
Grenville Strategic Royalty Corp has agreed to provide $1 million to WATCH IT! Inc in exchange for a gross sales royalty. The deal includes an option for Grenville to advance an additional $1 million. Based in Calgary, WATCH IT! is a retailer and franchisor of brand name watches, sunglasses, accessories, and watch repair services. It operates over 30 corporate and franchise boutique stores across Canada. To date, Grenville has completed about $26.2 million in royalty financings in North America.
27 February 2015•7 mins read
