CSE:RIV - Post Discussion
Post by
prone on Jun 15, 2023 12:41pm
Great financials - great growth potential...
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RIV Capital reports fourth quarter and fiscal year 2023 financial results
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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