RE:RE:US Legislation of some sort likely coming soonRIV is ready to Goooooooooooo.............
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Strong Liquidity, Robust Balance Sheet, and Appointment of Mike Totzke as Chief Operating Officer Competitively Position RIV Capital for Operationalizing Strategy in U.S. Market
RIV Capital released its financial results for the fourth quarter and fiscal year ended March 31, 2022.
“We spent the second half of the 2022 fiscal year preparing for our entry into the U.S. cannabis market, ending the year with a transformative agreement to acquire ownership and control of New York-based Etain,” said Mark Sims, President and CEO of RIV Capital.
“We are excited to launch our U.S. strategy in the Empire State, which represents one of the largest legal cannabis market opportunities in the U.S. as it approaches the implementation of adult-use sales.
A cultural epicenter, New York is very attractive due to its attractive regulatory framework, strong tourism industry and extremely high population density.
With the potential to become the second-largest cannabis market in the U.S., second only to California, we believe the state will be vital to the success of our U.S. platform in the long term.”