Canopy Rivers Inc. (TSX.V: RIV) (OTC: CNPOF) this
morning announced that its portfolio company, TerrAscend Corp. (CSE: TER)
(OTCQX: TRSSF), has entered a definitive agreement to acquire Ilera Healthcare,
a vertically-integrated cannabis cultivator, processor, and dispensary operator
in Pennsylvania. Per the update, TerrAscend’s acquisition of Ilera’s
state-of-the-art, fully integrated seed-to-sale operations adds to its growing
global footprint, which currently spans multiple U.S. states, Canada and the
European Union. “TerrAscend’s rapid expansion in the U.S. has been driven by
strategic, accretive acquisitions of quality operators with strong track
records of success,” Canopy Rivers President and CEO Narbe Alexandrian said in
the news release. “We view the Ilera acquisition as another important step by
TerrAscend as it grows its revenue-generating operations, expands its U.S.
footprint in new states, and continues to scale its global business
operations.”
To view the full press release, visit http://ibn.fm/qwnPj
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.
NOTE TO INVESTORS: The latest news and updates
relating to CNPOF are available in the company’s newsroom at http://ibn.fm/CNPOF
About MissionIRNewsBreaks
MissionIRNewsBreaks provide
a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by
our Team of professional journalists that keep a constant eye on the markets,
these posts are designed to inform you on the latest happenings of our clients
and other publicly traded companies on our radar. From earnings, acquisitions
and agreements to conference attendance and clinical study results, our news
breaks keep you up-to-date with the day’s top movers. MissionIR is primarily
focused on strategic communications. We have executed countless communications
programs to address the needs of companies ranging from start-ups to
established industry leaders, gaining valuable experience and the expertise
necessary to determine the most effective strategy for any given situation.
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
