Canopy
Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in
cannabis, and Kindred Partners Inc., a specialty cannabis brokerage and
services company, today announced a strategic alliance to provide mutual
benefits to both parties, as well as to Canopy Rivers’ portfolio companies.
Kindred is a wholly owned subsidiary of Breakthru Beverage Group and leverages
deep experience of its sister company, Breakthru Beverage Canada, in working
with Canadian provincial control boards, public and private regulated cannabis
businesses, licensed producers and retailers to broker regulated cannabis
products for the adult-use market. “As we head into cannabis 2.0 and the
Canadian cannabis market continues to develop in a highly regulated
environment, we expect that distribution will be one of the key tenets of
success for brands,” Canopy Rivers president and CEO Narbé Alexandrian said in
the news release. “Our strategic alliance with Kindred presents a valuable
opportunity for our portfolio companies to access the expertise and
distribution channels necessary to enable their branded products to thrive.
We’re excited to work with Kindred, alongside our portfolio, to unlock the
industry’s long-term potential.”
To view the full press release, visit http://ibn.fm/yDQrh
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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