InvestorNewsBreaks – RIV Capital Inc. (TSX: RIV) (OTC: CNPOF) Releases Q4, FY 2021 Financial Results
Jun 3, 2021
RIV Capital (TSX: RIV) (OTC: CNPOF), an investment and acquisition company specializing in cannabis, has reported its financial results for the fourth quarter and fiscal year 2021. Highlights of the report include comprehensive income of $67.3 million for the fiscal year and a strong balance sheet following successful monetization of the company’s three portfolio assets. In addition, RIV Capital noted that the closing of its milestone transaction with Canopy Growth enables the company to execute a key pivot to the cannabis market in the United States. The results also noted that the company had fully settled its obligations in relationship to the PharmHouse Credit Facility. “Our quarter and fiscal year were highlighted by the closing of our milestone transaction with Canopy Growth, paving the way for RIV Capital to launch into the U.S. market,” said RIV Capital president and CEO Narbé Alexandrian in the press release. “This transaction returned several multiples on invested capital and provided us with the strategic flexibility needed to pivot our business model. With a revitalized balance sheet and our new strategy in place, we have been actively sourcing opportunities in the world’s largest and most exciting cannabis market, and continue to believe that this next chapter will create significant value for our shareholders in the quarters to come.”
To view the full press release, visit https://ibn.fm/bIx2h
About RIV Capital
RIV Capital is an investment and acquisition company specializing in cannabis with a portfolio of 12 companies across various segments of the cannabis value chain. The company believes that bringing together people, capital and ideas raises the potential of the entire cannabis industry. By leveraging its industry insights, in-house expertise and thesis-driven approach to investing, RIV Capital aims to provide shareholders with exposure to specialized and disruptive cannabis companies. For more information about the company, please visit www.RIVCapital.com.
NOTE TO INVESTORS: The latest news and updates relating to CNPOF are available in the company’s newsroom at http://ibn.fm/CNPOF
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.
More News
RSS affiliate calls for ban on Musk’s Starlink, citing ‘significant threat to national security’
Swadeshi Jagaran Manch has raised concerns about Starlink's potential threat to national security in India. The organization argues that the service could bypass local regulations and compromise user data security. Additionally, unauthorized Starlink terminals have been found in India, raising fears about misuse by anti-national elements. A research paper highlights Starlink's role in asserting US geopolitical influence through advanced technology.
RSS affiliate calls for ban on Musk’s Starlink, citing ‘significant threat to national security’
Swadeshi Jagaran Manch has raised concerns about Starlink's potential threat to national security in India. The organization argues that the service could bypass local regulations and compromise user data security. Additionally, unauthorized Starlink terminals have been found in India, raising fears about misuse by anti-national elements. A research paper highlights Starlink's role in asserting US geopolitical influence through advanced technology.
Why CJP's Saurav Das, Ashutosh Ranka have been sent to Tihar jail for 5 days: Cockroach Janta party founders Jantar Mantar arrest case explained
Saurav Das, Ashutosh Ranka Jail Reason: CJP leaders Saurav Das and Ashutosh Ranka have been sent to five days of judicial custody after Delhi Police detained them over their alleged entry into Jantar Mantar, which has been de-notified as a protest site. The action came days after their release on a one-year peace bond. Another CJP functionary, Ajinkya Shinde, has reportedly been released.
US Judge extends order blocking Trump from banning CNN, MS NOW, Politico reporters from White House
A US federal judge has extended an order preventing the Trump administration from banning certain reporters from the White House. US District Judge Timothy Kelly ruled that CNN, MS NOW, and Politico have strong constitutional claims. The judge emphasized that concerns regarding the media's accuracy and fairness are valid. He ordered the restoration of the reporters' press credentials while the case continues.
Makhi Janta Party gains 3.4 lakh followers after Chief Justice of India said 'hammer to kill a fly'; MJP wants to partner with CJP
Makhi Janta Party: A satirical page called Makhi Janta Party has taken its name from Chief Justice of India Surya Kant’s “hammer to kill a fly” remark in Supreme Court. It gains more than 3.4 lakh followers on Instagram within 72 hours, backs protester Neha Bora and says it wants to explore a common stand with Cockroach Janta Party.
Think Tank flags security concerns over Starlink, advocates protectionist approach by India
Elon Musk's Starlink is under debate in India regarding its potential geopolitical influence and technological implications. The Kutniti Foundation's report warns that Starlink could undermine India's technological sovereignty and harm its New Space industry. Starlink is said to bypass local regulations to establish unregulated connections with users. India's Ministry of Communications has denied claims about blocking Starlink's licenses due to vested interests.
Think Tank flags security concerns over Starlink, advocates protectionist approach by India
Elon Musk's Starlink is under debate in India regarding its potential geopolitical influence and technological implications. The Kutniti Foundation's report warns that Starlink could undermine India's technological sovereignty and harm its New Space industry. Starlink is said to bypass local regulations to establish unregulated connections with users. India's Ministry of Communications has denied claims about blocking Starlink's licenses due to vested interests.
Court orders 5-day judicial custody to CJP’s Saurav Das, Ashutosh Ranka
Delhi Police placed three leaders of the Cockroach Janata Party into preventive custody on Wednesday morning. Saurav Das, Ashutosh Ranka, and Ajinkya Shinde were detained after attempting to enter Jantar Mantar. A case was registered against them for trespassing and obstructing public officials, among other charges. CJP leader Ratna Singh claimed the detained leaders were denied access to their lawyers initially.
Court orders 5-day judicial custody to CJP’s Saurav Das, Ashutosh Ranka
Delhi Police placed three leaders of the Cockroach Janata Party into preventive custody on Wednesday morning. Saurav Das, Ashutosh Ranka, and Ajinkya Shinde were detained after attempting to enter Jantar Mantar. A case was registered against them for trespassing and obstructing public officials, among other charges. CJP leader Ratna Singh claimed the detained leaders were denied access to their lawyers initially.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.