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RIV Capital Inc CNPOF


Primary Symbol: C.RIV

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

Post by Chef999on Feb 05, 2019 9:07am
233 Views
Post# 29319496

Financing

FinancingOn Jan 30 I posted on this board of a possible financing in the works,no responses. My understanding was that the original investors who helped make Canopy what it is today were  the first individual investors approached. A little extra bonus for those who have already gotten rich on Canopy. At the time the stock was 5.22 having made a nice run up from low 4.00 range. Subsequently the stock was run up over 6.00. Trading the stock through the run my fills were coming in block by block (read 100 shares at a time) indicating the plethora of small, possible first time, investors. That run made the 4.80 offer and issue price more palatable. Unfortunately it also sets a fair value and dilutes existing shareholders equity. Understanding that long term growth requires short term pain I maintain that the pain and risk should be distributed to all investors not merely the existing retail holders. Having said all that I have faith in RIV and will re enter here. Mr Linton has certainly looked after those who brought him to the dance and now we go back to business until next time. For those who remained through the ride you will make money here despite this all too familiar strategy. Eyes wide open. 
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