RIV | Jotup

ScottsMiracle-Gro Poised to Advance Cannabis Strategy in New York, Florida and other states

Retrieved on:

星期四, 五月 30, 2024

RIV, Scotts Miracle-Gro Company, SMG, Growth, OTC, Scotts LawnService, Drug

“The combination of these two companies is a transformative step in the strategy we initiated in 2021 when we first invested in RIV Capital,” said Jim Hagedorn, chairman, CEO and president of ScottsMiracle-Gro.

Key Points:

“The combination of these two companies is a transformative step in the strategy we initiated in 2021 when we first invested in RIV Capital,” said Jim Hagedorn, chairman, CEO and president of ScottsMiracle-Gro.
“Despite delays with adult-use implementation in New York, RIV Capital has become a legitimate player in the state’s medical and recreational cannabis market.
Cansortium, meanwhile, is a proven operator with licenses in Florida, Texas, Pennsylvania and Alabama.
Through its subsidiary, The Hawthorne Collective, ScottsMiracle-Gro previously invested $175 million in unsecured convertible notes in RIV Capital.

Cansortium and RIV Capital Announce Business Combination

Retrieved on:

星期四, 五月 30, 2024

TAMPA, Fla., May 30, 2024 (GLOBE NEWSWIRE) -- Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium”), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, and RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) (“RIV Capital”), a vertically integrated cannabis company operating the EtainTM brand in New York, are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Cansortium will acquire all of the issued and outstanding Class A common shares (the “RIV Capital Shares”) of RIV Capital in exchange for Cansortium Shares (as defined below) (the “Transaction”).

Key Points:

Under the terms of the Arrangement Agreement, RIV Capital shareholders (the “RIV Capital Shareholders”) will receive 1.245 of a common share of Cansortium (the “Cansortium Shares”) in exchange for each RIV Capital Share held.
The Transaction has been unanimously approved by the boards of directors of Cansortium (the “Cansortium Board”) and RIV Capital (the “RIV Capital Board”).
The RIV Capital Board has unanimously determined, after receiving financial and legal advice along with the Independent Fairness Opinion (as defined below) and following the receipt and review of a unanimous recommendation of the RIV Capital Strategic Growth Committee, that the Transaction is in the best interests of RIV Capital and is fair to the RIV Capital Shareholders and the RIV Capital Board recommends that the RIV Capital Shareholders vote in favor of the Transaction.
In connection with the Transaction, RIV Capital US Corporation (“RIV Capital US”), a wholly-owned subsidiary of RIV Capital, has agreed to advance to Cansortium an interest-bearing bridge loan up to an aggregate principal amount of US$8,975,000 (the “Bridge Loan”).

RiverNorth Opportunities Fund, Inc. Announces Change in Fiscal Year End

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星期一, 五月 20, 2024

Other Professional Services, Asset Management, Professional Services, Finance, RIV

RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) is pleased to announce that on May 14-15, 2024, the Board of Directors of the Fund (the “Board”) approved a change to the fiscal year end (“FYE”) of the Fund, as set forth in the table below.

Key Points:

RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the “Fund”) is pleased to announce that on May 14-15, 2024, the Board of Directors of the Fund (the “Board”) approved a change to the fiscal year end (“FYE”) of the Fund, as set forth in the table below.

RIV Capital Applauds Reports that DEA Plans to Reschedule Cannabis

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星期三, 五月 1, 2024

Schedule, OTC, RIV, SGC, Research, Disclosure, Federation, Cannabis, Tax, Acquisition, Controlled Substances Act, CSA, Drug

TORONTO, May 1, 2024 /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 multi-state platform with one of the strongest portfolios of brands in key strategic U.S. markets, today applauds reports that the U.S. Drug Enforcement Agency proposes to reschedule cannabis under the Controlled Substance Act (the "CSA") from Schedule I to a Schedule III substance.

Key Points:

TORONTO, May 1, 2024 /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 multi-state platform with one of the strongest portfolios of brands in key strategic U.S. markets, today applauds reports that the U.S. Drug Enforcement Agency proposes to reschedule cannabis under the Controlled Substance Act (the "CSA") from Schedule I to a Schedule III substance.
A rescheduling of cannabis under the CSA is expected to lead to the removal of 280E taxes, provide additional tailwinds to support further federal reform, expand institutional access to invest in the cannabis sector, and accelerate opportunities for research into the medical benefits of cannabis.
"We are thrilled to see the Biden administration continuing to follow through on their commitment to support cannabis reform.
At this time, RIV Capital has not entered into a binding agreement and there can be no assurance that any transaction or other arrangement will result from the strategic review process.

RIV Capital Reports Financial Results for the Fiscal Quarter and Nine-Month Transition Period Ended December 31, 2023

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星期一, 四月 29, 2024

Fiscal year, Table, CFO, OCM, CCB, Safety, THC, Health, City, OTC, Tobacco, RIV, SGC, Patient, Acquisition, National instrument, Organization, Growth

On December 8, 2023, Etain received approval from the New York Cannabis Control Board (the "CCB") for transition to an adult-use operator.

Key Points:

On December 8, 2023, Etain received approval from the New York Cannabis Control Board (the "CCB") for transition to an adult-use operator.
Financial Results for the Fiscal Quarter and Nine-Month Transition Period Ended December 31, 2023
The following is a summary of the Company's financial results for three months and nine-month transition period ended December 31, 2023, the three months ended December 31, 2022, and fiscal year ended March 31, 2023.
Accordingly, the Company is reporting "fiscal year end" results for the nine-month transition period from April 1, 2023, to December 31, 2023, and, as a result, the comparative figures for the prior fiscal year ended March 31, 2023, are not directly comparable.
Furthermore, the comparative operating results reported by the Company for the year ended March 31, 2023, include the operating results for Etain from April 22, 2022, to March 31, 2023.

RIV Capital Sets Date for Financial Results for the Fiscal Quarter and Nine-Month Transition Year Ended December 31, 2023

Retrieved on:

星期一, 四月 22, 2024

Acquisition, OTC, Bank statement, RIV, Cryptocurrency

TORONTO, April 22, 2024 /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 months and nine-month transition period ended December 31, 2023, after markets close on Monday, April 29, 2024.

Key Points:

TORONTO, April 22, 2024 /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 months and nine-month transition period ended December 31, 2023, after markets close on Monday, April 29, 2024.
As previously announced, due to a change in the Company's fiscal year end from March 31st to December 31st, the Company's most recent fiscal year was comprised of three quarters for a total of nine months, which began on April 1, 2023, and ended December 31, 2023.
The Company's audited consolidated financial statements and management's discussion and analysis for the three months and nine-month transition period ended December 31, 2023, 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 financial results for the three months and nine-month transition period ended December 31, 2023, an audio-only recording of RIV Capital's conference call will be available on the Company's website at www.rivcapital.com/investors .

Identity & Access Forum Spring Market Snapshot: Mobile Driver’s Licenses, Biometrics and Access Management Innovation

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星期二, 四月 9, 2024

The future of identity and authentication is digital and mobile driver’s licenses are the next step in identity credentialing.

Key Points:

The future of identity and authentication is digital and mobile driver’s licenses are the next step in identity credentialing.
Eric Jorgensen, director of the Arizona Department of Transportation’s Motor Vehicle Division, shared this sentiment while delivering the Identity and Access Forum Meeting’s keynote address.
The Identity and Access Forum’s primary focus is to provide a platform for solving cross-industry challenges and promoting innovation.
By joining the Secure Technology Alliance, members will have access to activities within the U.S. Payments Forum and the Identity and Access Forum and additional Alliance working committees.

RiverNorth Closed-End Funds Declare Monthly Distributions

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星期一, 四月 1, 2024

Banking, Professional Services, Finance, RFM, Annual report, RMM, Policy, NAV, RSF, Overalls, RIV, OPP, Fund, Calendar, RMI, Security (finance)

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.

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

Retrieved on:

星期三, 二月 14, 2024

Acquisition, Marketing, Medicine, Flower, OTC, Plant, House, Patient, RIV, VIP, Claw Money, Environment, Interior design

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:

星期二, 一月 2, 2024

Other Professional Services, Asset Management, Professional Services, Finance, NAV, Policy, Fund, RFM, Annual report, RMI, RMM, RIV, RSF, OPP, Calendar, Overalls, Security (finance)

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.