new financing options in MJ SectorCanopy Rivers CEO Bruce Linton excerpt from Midas Letter interview, ref. the link below. This would be a good potential financing partner for Sunniva. Canopy Rivers IPO is next week.....
'We don’t have overreaching rights to buy criminal operations yet in the US. So you know, we’re not doing that shuffle. What we’re doing is, we’re going where it’s legal, how we can go, and that’s probably why a lot of institutional investors who would never normally participate in either a private investment or a cannabis investment were in our last round, because they understand that we’re staying between the guardrails, and that if and when it becomes lawful anywhere, of course the best will accelerate the fastest, but there’s no sense in getting a head start that could leave you offside with a bunch of entities.
We’re looking for businesses. We want people who actually want to create value and understand shareholders are not there to be victims.In Rivers, we want a lot of investments that show yield and/or upside on total asset equity value, and that kind of works well, because one starts at a 10 or 20 percent participation, and the other finishes at 100 percent control. As we need more capital, you can imagine that there will be quite a lot of capital that might be interested in participating in Rivers because you have those dual outcomes. You have some depth of global coverage and you have a deal flow that is unequaled. So I think that the access to capital won’t be a question; what we’re really looking at is, how do we structure it so it’s not too impactful on the shareholders. So you start to look at things like there’s probably going to be debt instruments that are going to be available, because we’re stepping in first, which means when you’re in a Rivers investment, we’re at the top of the heap. We’re not suborning down on an equity stack; typically, we want to actually have a strong position. Now, sometimes we might have to, but because we’re not just showing up with money. So there’s a way that you can start to put sources of capital together that think make the potential yield for investors in this one better than the dilutive model that we’ve all had to live through over the last five or six years.
https://midasletter.com/2018/09/bruce-linton-introduces-investment-platform-canopy-rivers/