Canopy Rivers undervalued, worth a careful look! How much is Canopy Rivers undervalued?
River’s management indicated they are... “With our strong cash position, launching the NCIB gives us the flexibility to purchase back our stock....we continue to have a robust deal pipeline and maintain our focus on making investments that we believe will generate value for our shareholders...
The NCIB allows the Company to purchase up to 10,409,961 subordinated voting shares (the "Subordinated Voting Shares") of the Company (representing 10% of the Company's current public float.