Although the marijuana industry has ups and downs across the board, there are companies that are reporting extremely positive earnings in recent quarters. Such was the case with RIV Capital, which after releasing its unaudited condensed consolidated interim financial statements for the three and nine months ended December 31, 2021, showed quite remarkable growth.
“We have narrowed our pipeline of potential US cannabis acquisition targets and are more excited than ever by the immense opportunity ahead of us in the US,” said Narbé Alexandrian, President and CEO of RIV Capital.
He added, “We are working toward announcing the next step of our US acquisition and investment strategy prior to the end of this fiscal year and believe the plan we have in place will contribute to the long-term value for our shareholders.”
Early last year, the company embarked on a strategic shift in order to gain a strong presence in the US marijuana market. In order to accomplish this goal, RIV realized that it needed to differentiate itself in a real and tangible way if it really wanted to become a leader.
In August, the company announced a joint venture with The Scotts Miracle-Gro Company, a global leader in branded consumer lawn and garden care products. Since then, it has seen a strengthening of RIV Capital’s approach to its transition to the US.