RIV Capital is one of those companies that is positioning itself to soon become a leading cannabis operator. The company’s strategic pivot to the US market is paving the way for it to reap huge profits. Among the most recent updates from this packaged cannabis products company focused on building solid portfolios is its filing of a registration application on SEDAR.
According to the letter and its highlights, the Company forecasts a bright future. Its solid balance sheet and strong liquidity, in addition to a major acquisition, will provide it with entry into one of the most relevant cannabis markets in the US. Etain, one of the five original recipients of New York medical cannabis licenses, will undoubtedly mark an important milestone in the Company’s US-focused strategy.
The Company expects to continue to take advantage of the expansion in the US recreational and medical markets in order to continue to grow. Management assures that the Company is ideally positioned to become one of the most relevant operators both within New York and, eventually, in other key states in the country.
Over the past few months, RIV Capital has completed several notable transactions that have given the Company incredible leadership on the road to long-term success. Its divestiture of Canopy Growth Corporation is a clear example of this, as it effectively recapitalized the Company while divesting multiple illiquid investments. In addition, its strategic partnership with The Scotts Miracle-Gro Company provided substantial cash and an even stronger balance sheet for the Company to execute the Etain acquisition and pivot to the US market.
“With our strategic shift into the U.S. cannabis market and the Etain acquisition, now is an exciting time for RIV Capital – we continue to focus on growth, optimize capital allocation, streamline our portfolio, and build out our platform,” said Mark Sims, Director, President and CEO of the Company. “We also have a visionary and highly experienced leadership team to help drive the Company forward. I would like to thank Ms. Daniere and Mr. Vaynerchuk for their valuable contributions and the strong foundation they laid for RIV Capital’s long-term success.”