Company Overview

Company name: River Collective
Description: Distributor of medical marijuana intended for medical or recreational use. The company’s marijuana provide cure for mental and physical stress, such as high or stoned feeling, a general change in perception, euphoria and an increase in appetite, enabling patients to avail prescribed and urgent treatment.
Year founded: 2015
Parent company: CannaRoyalty
Industry: Healthcare | Group: Pharmaceuticals and Biotechnology | Code:
City: West Sacramento
State: California
Country: United States
Region: Americas

Financial Highlights

Start up capital raised (USD Million):
Business status: Generating Revenue
Ownership: Acquired/Merged (Operating Subsidiary)
Revenue (USD Million): 25.40
Gross profit (USD Million):
Net income (USD Million)
Enterprise value:
Earnings before interest, tax, depreciation and amortization (EBITDA):
Fiscal period: FY 2017
Financing Status: The company was acquired by CannaRoyalty (CSE: CRZ) for $20.65 million on June 30, 2018. The consideration will consist of 5,000,000 common shares valued at $15.782 million and up to 3,650,000 shares $4.868 million in profit-related payments. The shares were valued at closing stock price of $2.95. The acquisition will position the acquirer as a leader in the world’s largest regulated cannabis distribution system, in California.
Number of active investors:
Profile last updated: 19-Sep-2018
Last known valuation: 20.65
Last known valuation date: 30-Jun-2018