Canopy
Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in
cannabis, on Tuesday announced that its portfolio company James E. Wagner
Cultivation Corp. (TSXV: JWCA) (OTCQX: JWCAF) (“JWC”) received a Health Canada
license amendment permitting cannabis production in four new flowering rooms at
its flagship facility in Kitchener, Ontario. The additional flowering rooms are
part of an ongoing program to expand JWC’s existing production capacity. Once
fully operational, the expansion will double the facility’s current licensed
production capacity from 22,000 square feet to approximately 44,500 square
feet. “We believe that this license amendment demonstrates Health Canada’s
recognition of JWC, the quality of its operations, and its disciplined approach
to expansion,” Canopy Rivers chief operating officer Olivier Dufourmantelle
stated in the news release. “Through its supply agreement with TerrAscend, JWC
has an active role in the Canopy Rivers ecosystem. We’ve seen that companies
that work together, thrive together, and we think this Health Canada approval
will enable JWC to increase production and further collaborate within the
Canopy Rivers ecosystem.”
To view the full press release, visit http://ibn.fm/QBOKp
About Canopy Rivers Inc.
Canopy Rivers is a venture capital firm specializing in
cannabis. Its unique investment and operating platform is structured to pursue
investment opportunities in the emerging global cannabis sector. Canopy Rivers
identifies 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
Corporation (TSX: WEED, NYSE: CGC) 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
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