Canopy Rivers Inc. RIV Archives

TuesdayMay 28, 2019 10:59 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces Health Canada Fully-Licensed Status of Portfolio Company; Hosting Analyst and Investor Day

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced that its portfolio company and subsidiary of Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), Les Serres Vert Cannabis Inc. ("Vert Mirabel"), has received its final cultivation license from Health Canada. According to the update, all Vert Mirabel operating space of 700,000 square feet is now licensed for cannabis production. “We are thrilled that the operational infrastructure at Vert Mirabel is now fully online with over 500,000 sq. ft. already in production,” Canopy Rivers COO Olivier Dufourmantelle said in the news release. “Vert Mirabel is a key asset for Canopy Rivers as it…

ThursdayMay 23, 2019 9:39 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Names New Chief Executive Officer; Hosting Analyst and Investor Day May 28

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) has appointed former OMERS venture capitalist and Canopy Rivers President, Mr. Narbé Alexandrian, to Chief Executive Officer of the company, effective immediately. Canopy Rivers’ former CEO, Bruce Linton, will continue to serve as Chairman of the Canopy Rivers Board of Directors. “I would like to thank Bruce, the Board of Directors, and the entire team at Canopy Rivers for the privilege and opportunity to build upon the impressive portfolio and platform that has been developed to date,” Canopy Rivers president and CEO Narbé Alexandrian stated in the news release. “With the global cannabis economy…

TuesdayMay 21, 2019 1:21 pm

QualityStocksNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) Agripharm Corp. Awarded Outdoor Cultivation License

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced that its portfolio company, Agripharm Corp., has received its outdoor cultivation license from Health Canada. According to the update, Agripharm will use award-winning genetics to grow its first outdoor crop this summer at its Creemore, Ontario location. “We are pleased to see Agripharm diversify its operations and increase its growing capacity with the grant of this outdoor cultivation license,” Canopy Rivers COO Oliver Dufourmantelle said in the news release. “Agripharm's outdoor production is ahead of the curve with support from Green House Brands, which provides decades of experience in choosing, and successfully…

WednesdayMay 15, 2019 11:37 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Makes Strategic and First AgTech Investment in BioLumic

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced a strategic investment in BioLumic Ltd., creators of a sustainable ultraviolet (“UV”) crop yield enhancement system. Canopy Rivers' investment of $1.5 million marked its first investment in agri-technologies, specifically focused on the promising fields of plant physiology and UV photobiology. “Canopy Rivers' mission is to build and support a thriving global cannabis economy, and we are dedicated to identifying and investing in strategic technology players throughout the legal cannabis value chain,” Canopy Rivers Director, Business Development Mary Dimou said in the news release. “Led by an exceptional management team, BioLumic's groundbreaking, proprietary…

ThursdayMay 09, 2019 11:41 am

QualityStocksNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) PharmHouse Enters Significant Supply, Offtake Agreement with Canopy Growth Corp. (TSX: WEED) (NYSE: CGC)

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced that its 49 percent-owned portfolio company, PharmHouse Inc., has entered into a second offtake agreement with Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) for the purchase of cannabis from its 1.3 million square foot greenhouse facility upon licensing. According to the update, the agreement commits an additional 20 percent of PharmHouse's flowering space, in addition to the 10 percent originally committed in May 2018, to Canopy Growth for the next three years. The agreement provides for the delivery to Canopy Growth a minimum of 25,000 kg and maximum of 45,000 kg of…

FridayMay 03, 2019 10:12 am

QualityStocksNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) Portfolio Company Receives EU GMP Certification, Enters Comprehensive Distribution Agreement

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced that its portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) has been issued a Good Manufacturing Practice ("GMP") certificate in accordance with the rules governing medicinal products in the European Union ("EU") for its Mississauga, Ontario, Canada facility. According to the update, TerrAscend has also entered into a comprehensive sales and distribution agreement with German pharmaceutical wholesaler iuvo Therapeutics GmbH ("iuvo"). “We applaud TerrAscend for achieving one of the highest and most rigorous levels of quality certification in the world,” Canopy Rivers President Narbe Alexandrian said in the news release. “TerrAscend is…

TuesdayApr 16, 2019 11:12 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Invests in High Beauty

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) this morning announced the completion of an investment in High Beauty, the creator of the cannabis beauty brand high. According to the update, the company has subscribed for $2.5 million of shares representing 18.4% of High Beauty on a fully diluted basis, including additional warrant coverage. “We have been actively pursuing opportunities in the health and beauty industry, guided by a growing consumer trend of brand new, innovative and functional beauty products. Enter high,” Canopy Rivers president Narbe Alexandrian stated in the news release. “Led by Melissa Jochim, a repeat entrepreneur, preeminent formulator and…

MondayApr 01, 2019 9:40 am

QualityStocksNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) Portfolio Company Receives Second Site License from Health Canada

Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this morning announced that its portfolio company, James E. Wagner Cultivation Corporation (“JWC”) (TSX.V: JWCA) (OTCQX: JWCAF), has received a cultivation license from Health Canada for its Kitchener-based commercial-scale production facility (“JWC2”). Per the update, reception of this license will result in the launch of the initial phase of JWC2, a 345,000-square-foot production and distribution complex through which JWC intends to roll out more than 130 individual production rooms utilizing its proprietary GrowthSTORM Dual Droplet cultivation platform and methodologies. “While optimizing production methodologies at their already licenced pilot facility, JWC has concurrently built…

MondayMar 25, 2019 10:06 am

QualityStocksNewsBreaks – Canopy Rivers Inc.’s (TSX.V: RIV) (OTC: CNPOF) Spot Therapeutics Receives Health Canada Cultivation License, Triggering Long-Term Cash Flow

Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today announced receipt of a Health Canada cultivation license for Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and its portfolio company, Spot Therapeutics Inc., for its Fredericton-based production and distribution facility. Per the update, the newly licensed facility will operate under the flagship Tweed banner, and the cultivation license initiates a long-term (25-year) cash flow stream anticipated to be approximately $2.85 million per year with commencement expected to begin in September 2019. “The long-term income stream from Spot, combined with our existing royalty portfolio, will further stabilize Canopy Rivers’ operating cash flow profile and…

MondayMar 18, 2019 9:42 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) Announces New Joint Venture with LeafLink Inc.

Cannabis-focused investment and operating platform Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF), alongside LeafLink Inc., this morning announced the establishment of LeafLink Services International ULC, a new venture focused on licensing and leveraging LeafLink’s dominant business-to-business marketplace and supply chain technology platform for deployment through regulated international cannabis markets. “We have been very impressed with LeafLink’s deep market penetration and their understanding of cannabis companies’ needs and behaviors,” Narbé Alexandrian, president of Canopy Rivers, stated in the news release. “The number of brands and products within our new cannabis economy has been explosive, making it difficult for retailers to deal…

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