Tag : Shift

CCT Impact

Canopy Rivers to Monetize Certain Portfolio Assets for Total Transaction Value of Approximately $297 Million and Eliminate Dual Class Share Structure Pursuant to Agreement with Canopy Growth, Allowing Canopy Rivers to Shift Strategic Focus to Explore New Cannabis Markets Following Closing

Canopy Rivers Inc. (“Rivers” or the “Company“) (TSX: RIV) (OTC: CNPOF) today announced that it has entered into a definitive agreement (the “Arrangement Agreement“) with Canopy Growth Corporation (“Canopy Growth“) (TSX: WEED) (NASDAQ: CGC) pursuant to which, among other things, Rivers will transfer three portfolio assets to Canopy Growth in exchange for $115......
Cash Crop 150

Legal Cannabis’ Spread Around the Globe Highlights Shift in Opinion

Earlier last year, New York state decriminalized the recreational use of cannabis. Instead of jail time, offenders are now punished with a fine. And while cannabis is only legal for medicinal purposes in the state of New York, many companies have established operations in anticipation of recreational legalization. In New York City, there are......