Canopy Rivers (TSXV: RIV) recently announced that it has
retained Hybrid Financial Ltd., a marketing and retail distribution services
company, to provide certain investor relations (“IR”) services for an initial
term of six months. Canopy Rivers will pay Hybrid a monthly fee of CAD $14,000,
and has granted Hybrid options to purchase up to 120,000 shares of the company
at a price of $3.50 per share. Starting three months after the grant, the
options shall vest in quarterly increments and will expire within 12 months of
the grant, except for the final tranche, which expires three months following
those options vesting. This agreement and the related options are subject to
the approval of the TSX Venture Exchange. “We are confident that Hybrid will
help us increase market awareness and further engage with the investment
community,” Daniel Pearlstein, EVP, Strategy of Canopy Rivers stated in the
news release.
To view the full press release, visit http://ibn.fm/AI9Bc
About Canopy Rivers Inc.
Canopy Rivers is a unique investment and operating platform
structured to pursue investment opportunities in the emerging global cannabis
sector. Canopy Rivers works collaboratively with Canopy Growth Corporation
(TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial
and/or operating support. Canopy Rivers has developed an investment ecosystem
of complementary cannabis operating companies that represent various segments
of the value chain across the emerging cannabis sector. As the portfolio
continues to develop, constituents will be provided with opportunities to work
with Canopy Growth and collaborate among themselves, which Canopy Rivers
believes will maximize value for its shareholders and foster an environment of
innovation, synergy and value creation for the entire ecosystem. For more
information, visit the company’s website at www.CanopyRivers.com.
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