Core Viewpoint - CVW Sustainable Royalties Inc. has entered into a gross revenue royalty agreement and strategic partnership with Relocalize Inc. to support sustainable ice production, providing an initial investment of $4.0 million for a 25% royalty on gross revenues from the first two commercial facilities [1][3] Company Overview - CVW Sustainable Royalties focuses on investing in innovative technologies that provide returns linked to commodities while promoting sustainability [10] - The company aims to build a diversified royalty platform with compelling underlying royalties, targeting a pipeline of approximately $900 million in potential royalty opportunities [3][10] Partnership Details - The Royalty Agreement includes a 25% gross revenue royalty on Relocalize's Plant City facility for an initial investment of $2.5 million, with an additional $1.5 million investment contingent on operational milestones for a second facility in Montreal [4][5] - CVW Royalties will also receive a 1.25% royalty on the next eight commercial facilities beyond the Plant City and Second Facility, with an additional 0.75% royalty for the second investment [6] Relocalize's Business Model - Relocalize has developed a modular ice manufacturing platform that decentralizes production and reduces the environmental impact of traditional ice supply chains [2] - The company aims to scale its operations across North America, with its first commercial unit being commissioned for The Winn-Dixie Company in Florida [2] Strategic Goals - The partnership is expected to accelerate Relocalize's commercialization efforts and support its growth objectives for 2027 and 2028 [3][5] - CVW Royalties has the option to invest up to $22.5 million in 13 additional Relocalize facilities, enhancing its royalty interests [7][8]