Cannabis-focused investment and operating firm Canopy Rivers Inc. (TSX.V: RIV) this morning announced its investment in Greenhouse Juice Company, a dynamic plant-based food and beverage company. Per the update, Canopy Rivers has committed $9 million in a convertible debt financing package that includes secured and unsecured debt, warrant coverage and board representation rights. Greenhouse is expected to leverage proceeds from this financing to supplement its national expansion and initiatives for the development of natural health and wellness beverages infused with cannabidiol. “As a plant-based health and wellness brand, Greenhouse is excited to continue our mission by expanding across Canada and extending into CBD-based beverages,” Anthony Green, CEO of Greenhouse, stated in the news release. “We’re very excited to partner with Canopy Rivers, a global player in cannabis innovation, to introduce our brand to a growing audience and unlock the wellness potential of CBD-based beverages.”
To view the full press release, visit http://ibn.fm/MNEaN
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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