RIV Capital Inc. CNPOF Archives

MondayMay 17, 2021 12:29 pm

QualityStocksNewsBreaks – RIV Capital Inc. (TSX: RIV) (OTC: CNPOF) Announces PharmHouse GreenHouse Facility Sale

RIV Capital (TSX: RIV) (OTC: CNPOF), an investment and acquisition company specializing in cannabis, announced that through its sale and investment solicitation process, PharmHouse Inc. completed the sale of its greenhouse facility. The transaction was based on its asset purchase agreement with a company related to Sensei Ag Holdings Inc. PharmHouse noted that it plans to use the proceeds from the sale to reduce its debt. Following the closing of the PharmHouse sale, RIV Capital made a cash payment of an estimated $7.5 million to lenders. The announcement noted that any remaining cash left after fulfillment of the debt obligation will…

FridayMar 12, 2021 9:47 am

QualityStocksNewsBreaks – RIV Capital Inc. (TSX: RIV) (OTC: CNPOF) Announces Court Approval of PharmHouse Asset Purchase Agreement, $25M Voluntary Payment

RIV Capital (TSX: RIV) (OTC: CNPOF), (formerly Canopy Rivers Inc.), today announced that the asset purchase agreement proposed by PharmHouse Inc. has been approved by the Ontario Superior Court. The agreement outlines PharmHouse’s intent to sell various operating assets, including its facility and certain equipment located at the facility. As part of the announcement, RIV Capital also noted that it will make a voluntary $25 million payment to the lenders of PharmHouse’s nonrevolving syndicated Credit Facility, thereby reducing the company’s estimated liability in respect to the PharmHouse Credit facility by that same amount. RIV Capital noted that it is making…

TuesdayFeb 23, 2021 12:27 pm

QualityStocksNewsBreaks – RIV Capital Inc. (formerly Canopy Rivers Inc.) (TSX: RIV) (OTC: CNPOF) Closes Plan of Arrangement to Pave Way for U.S. Market Entry

RIV Capital (formerly Canopy Rivers) (TSX: RIV) (OTC: CNPOF) has completed the previously announced plan of arrangement involving Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC). Under the arrangement, RIV Capital, through its wholly-owned subsidiary, RIV Capital Corporation (formerly Canopy Rivers Corporation), transferred its interests in TerrAscend Corp., TerrAscend Canada Inc., Les Serres Vert Cannabis Inc. ("Vert Mirabel") (other than the shares transferred to Serres Bertrand), and The Tweed Tree Lot Inc. (collectively, the "transferred assets") to Canopy Growth. The assets were transferred in exchange for approximately $115 million in cash, 3,647,902 common shares of Canopy Growth (having a value of…

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Tag: RIV Capital Inc. CNPOF

QualityStocksNewsBreaks – RIV Capital Inc. (TSX: RIV) (OTC: CNPOF) Announces PharmHouse GreenHouse Facility Sale

QualityStocksNewsBreaks – RIV Capital Inc. (TSX: RIV) (OTC: CNPOF) Announces Court Approval of PharmHouse Asset Purchase Agreement, $25M Voluntary Payment

QualityStocksNewsBreaks – RIV Capital Inc. (formerly Canopy Rivers Inc.) (TSX: RIV) (OTC: CNPOF) Closes Plan of Arrangement to Pave Way for U.S. Market Entry

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