OTCPK:CNPOF - Post by User
Comment by
proneon Feb 13, 2021 1:40pm
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Post# 32562138
RE:RIV - is Better than BIG Players
RE:RIV - is Better than BIG Players Factor this in....
---->In December 2021, Canopy Rivers entered into a definitive agreement to sell its interests in TerrAscend and TerrAscend Canada, Vert Mirabel, and Tweed Tree Lot to Canopy Growth Corp. (WEED.TO)
---->for $115.0 million in cash, up to 3.75 million shares in Canopy Growth and the cancellation of Canopy Growth's multiple voting shares and subordinated voting shares of Canopy Rivers.
After the deal's anticipated closing by the end of February, Canopy Rivers expects
---->to generate about $310 million in net cash and liquid securities on a pro forma basis.