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Grenville Strategic Royalty Corp.
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Founded in 2013, Grenville Strategic Royalty Corp. operated as a specialty finance company, offering an alternative source of capital to growing businesses. Its business model was centered on providing funds in exchange for a royalty, typically a small percentage of the recipient company's top-line revenue over a set period. This allowed businesses to secure growth financing without equity dilution or the restrictive covenants of traditional debt. In December 2017, the company rebranded to Flow Capital Corp. (TSXV: FW) to better reflect its business. Subsequently, in July 2018, the company was acquired by Alaris Royalty Corp. (now Alaris Equity Partners Income Trust).
Canada
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Financial