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RIV Capital Inc C.RIV

Alternate Symbol(s):  CNPOF

Financial Services Asset Management
RIV Capital Inc. is a Canada-based acquisition and investment company. The Company is focused on the United States (U.S.) cannabis market by acquiring, investing in, and developing operators and brands to create a multistate platform. The Company is a direct parent company of RIV Capital US Corporation and RIV Capital Corporation and exercises financial control over Etain, LLC. Through its strategic relationship with The Hawthorne Collective, Inc. (The Hawthorne Collective), a subsidiary of The ScottsMiracle-Gro Company (ScottsMiracle-Gro), the Company is The Hawthorne Collective's preferred vehicle for cannabis-related investments not under the purview of other ScottsMiracle-Gro subsidiaries. The Company's subsidiaries include 2683922 Ontario Inc., RIV Capital US Corporation, RIV Capital US Holdings LLC, RIV Capital US Real Estate LLC and RIV Capital US Services LLC.


CSE:RIV - Post by User

RIV Capital Inc
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Post by proneon Jun 15, 2023 12:41pm
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Post# 35498321

Great financials - great growth potential...

Great financials - great growth potential...-->

RIV Capital reports fourth quarter and fiscal year 2023 financial results

  • Finance
JUNE 14, 2023

Ends fiscal year with approximately $97.9 million of cash and short-term investments, with more than sufficient liquidity to capitalize on upcoming New York transition and explore opportunities beyond the state

Recently announced New York draft regulations support the market and the Company’s strategic direction; operational ramp-up expected to align with expanding the adult-use market later this year

Substantially completes expansion of leading cannabis cultivation and production facility in New York, tripling cultivation and manufacturing capacity

Buffalo flagship facility metal frame built; commissioning targeted for first half of calendar year 2024

 

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