RIV

RIV Capital and Etain Open First New York Adult-Use Dispensary in White Plains

Retrieved on: 
Wednesday, February 14, 2024

White Plains is one of the fastest-growing residential areas in the state and is well-positioned to service the greater metropolitan area.

Key Points: 
  • White Plains is one of the fastest-growing residential areas in the state and is well-positioned to service the greater metropolitan area.
  • This location marks a significant milestone in optimizing Etain's retail portfolio to meet demand as the legal market expands in the State of New York.
  • We are ecstatic to introduce the Etain brand, featuring our exceptional cannabis products and fellow standout brands, to the White Plains community."
  • The White Plains dispensary's open floor plan will welcome visitors blending integrative wellness offerings, personal consultations, and premium products to create an inviting space for medical patients and adult-use consumers.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Tuesday, January 2, 2024

Each Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually.

Key Points: 
  • Each Fund maintains a level distribution policy with the intention of providing monthly distributions to shareholders at a constant and fixed (but not guaranteed) rate that is reset annually.
  • Each Fund’s ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed income markets.
  • Holders of each Fund’s common stock will receive the distribution under one of two options:
    2.
  • A return of capital does not necessarily reflect a Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease a Fund’s total assets and, therefore, could have the effect of increasing a Fund’s expense ratio.

Etain Obtains Approval to Commence Sales to New York's Adult-Use Market

Retrieved on: 
Friday, December 8, 2023

The Company will now be able to provide its assortment of products, including high-quality flower, pre-rolls, vapes, and edibles, to the adult-use market as well as maintain its medical operations.

Key Points: 
  • The Company will now be able to provide its assortment of products, including high-quality flower, pre-rolls, vapes, and edibles, to the adult-use market as well as maintain its medical operations.
  • "This is a transformational moment not only for RIV and Etain but for the New York market at large," said Mike Totzke, COO and interim CEO of RIV Capital.
  • "The excitement surrounding this expansion of the New York adult-use cannabis market is palpable.
  • In preparation for adult-use operations, the Company is in the process of completing several significant upgrades to its footprint across New York.

RIV Capital Reports Financial Results for the Fiscal Quarter Ended September 30, 2023

Retrieved on: 
Wednesday, November 29, 2023

All financial information in this press release is reported in U.S. dollars unless otherwise indicated.

Key Points: 
  • All financial information in this press release is reported in U.S. dollars unless otherwise indicated.
  • "We were thrilled to advance this latest step in the process and remain eager to launch adult-use sales in the state.
  • To prepare for our entry, we have significantly bolstered our New York footprint with our Chestertown facility expansion successfully coming online in the quarter."
  • Financial Results for the Fiscal Quarter Ended September 30, 2023
    The following is a summary of the Company's financial results for three and six months ended September 30, 2023, and 2022.

RIV Capital Sets Date for Financial Results for the Fiscal Quarter Ended September 30, 2023

Retrieved on: 
Wednesday, November 15, 2023

TORONTO, Nov. 15, 2023 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, will report its financial results for the three and six months ended September 30, 2023 before markets open on Wednesday, November 29, 2023.

Key Points: 
  • TORONTO, Nov. 15, 2023 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, will report its financial results for the three and six months ended September 30, 2023 before markets open on Wednesday, November 29, 2023.
  • As previously announced, due to a change in the Company's fiscal year end from March 31st to December 31st, the Company's current fiscal year is comprised of three quarters for a total of nine months, which began on April 1, 2023, and will end on December 31, 2023.
  • Further details regarding the change in fiscal year end, including the length and ending dates of the Company's financial reporting periods, are available in the Company's Notice of Change in Year End prepared in accordance with Section 4.8 of National Instrument 48-102 and filed on the Company's SEDAR+ profile at www.sedarplus.ca .
  • Following the release of its financial results for the three and six months ended September 30, 2023, an audio-only recording of RIV Capital's conference call will be available on the Company's website at www.rivcapital.com/investors .

RIV Capital Completes Expansion of New York Cultivation and Production Operations

Retrieved on: 
Tuesday, November 7, 2023

The recently completed enhancements at the Chestertown Facility include:

Key Points: 
  • The recently completed enhancements at the Chestertown Facility include:
    Overall facility footprint expanded to more than 75,000 sq.
  • The implementation of advanced equipment and automation technologies, which significantly improves the Company's production rate of high-quality flower and extracts.
  • "The completion of our Chestertown facility is a major milestone in our New York growth story as we near our anticipated and long-awaited entry into the adult-use cannabis market," said Mike Totzke, Interim CEO of RIV Capital.
  • Production is well underway with products from the expanded operations available at the Company's four medical retail locations as well as third-party medical retail locations across the state.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, October 2, 2023

Effective December 7, 2022, the Fund changed its name to RiverNorth Capital and Income Fund, Inc.

Key Points: 
  • Effective December 7, 2022, the Fund changed its name to RiverNorth Capital and Income Fund, Inc.
    RMI, RMM, RFM, RFMZ, RMMZ, RIV, RSF and OPP are closed-end funds.
  • Holders of each Fund’s common stock will receive the distribution under one of two options:
    Receive additional full and fractional shares of the respective Fund’s common stock, or
    Elect to receive cash for the distribution.
  • The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes.
  • A return of capital does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease the Fund’s total assets and, therefore, could have the effect of increasing the Fund’s expense ratio.

RIV Capital Announces Results of Annual General and Special Meeting of Shareholders

Retrieved on: 
Thursday, September 28, 2023

TORONTO, Sept. 28, 2023 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, announced the voting results of its Annual General and Special Meeting of shareholders (the "Meeting") held today.

Key Points: 
  • TORONTO, Sept. 28, 2023 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, announced the voting results of its Annual General and Special Meeting of shareholders (the "Meeting") held today.
  • Shareholders voted in favour of the four items of business before the Meeting, those being the election of all seven of the director nominees listed in the Company's management information circular, the re-appointment of MNP LLP as the Company's auditors, the re-approval of the Company's share unit plan for non-employee directors, and the re-approval of the Company's long term incentive plan.

RIV Capital Reports Financial Results for the Three Months Ended June 30th, 2023

Retrieved on: 
Monday, August 28, 2023

All financial information in this press release is reported in U.S. dollars unless otherwise indicated.

Key Points: 
  • All financial information in this press release is reported in U.S. dollars unless otherwise indicated.
  • In Buffalo, we received regulatory approval for the facility and expect to complete construction in the third quarter of 2024."
  • "Our innovation pipeline is growing as we look to introduce several new form factors to patients and consumers in the coming quarters.
  • The following is a summary of the Company's financial results for the three months ended June 30, 2023 and 2022.

RIV Capital Sets Date for Financial Results for the Three Months Ended June 30th, 2023

Retrieved on: 
Tuesday, August 22, 2023

TORONTO, Aug. 22, 2023 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, will report its financial results for the first quarter ended June 30, 2023 after markets close on Monday, August 28, 2023.

Key Points: 
  • TORONTO, Aug. 22, 2023 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, will report its financial results for the first quarter ended June 30, 2023 after markets close on Monday, August 28, 2023.
  • The Company's unaudited condensed interim consolidated financial statements and management's discussion and analysis for the quarter will be available on the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.rivcapital.com/investors .
  • Following the release of its first quarter financial results, an audio-only recording of RIV Capital's conference call will be available on the Company's website at www.rivcapital.com/investors .
  • As a result, the Company's fiscal year ending December 31, 2023 will be comprised of three quarters for a total of nine months, beginning on April 1, 2023.