Canopy Rivers Inc - Class A V.AIMVP

Canopy Rivers - preeminent investment firm in cannabis

[Kevelle]

“We believe that Canopy Rivers has rapidly developed a strong position in the dynamic and fast-growing global cannabis industry,” said Bruce Linton, Chairman and Chief Executive Officer of Canopy Rivers. “By bringing focus and clarity to every investment decision and working alongside global market leader Canopy Growth, Canopy Rivers is responding to the greatest need in the cannabis industry – smart capital.”  

Q3 and Year to Date Fiscal 2019 Financial Highlights:

	Select Summary of Quarterly Results (CAD, in thousands)
	Period ended	31-Dec-18		31-Mar-18
	Cash	46,929		46,299
	Total assets	298,839		209,139
	Total liabilities	6,475		16,909
	Total shareholders' equity	292,364		192,230

“With more than $55 million of capital deployed during the quarter, Canopy Rivers continues to position itself as a preeminent investment firm in the cannabis industry,” said Eddie Lucarelli, Chief Financial Officer of Canopy Rivers. “As we continue to see meaningful developments at our portfolio companies, the closing of our bought deal financing and strategic investment from Canopy Growth will add additional strength to our balance sheet. With a strong pipeline of investment opportunities and regulatory reform continuing around the world, Canopy Rivers is optimally positioned to continue to prudently deploy capital to the global cannabis sector.”