Canopy
Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in
cannabis, today provided details surrounding its investment in connection with
a financing announced October 2, 2019. According to the update, Canopy Rivers
has acquired ownership and control over (i) $13,243,000 principal amount of
unsecured convertible debentures of TerrAscend Canada Inc. (the “Debentures”);
and (ii) 333,723 common share purchase warrants of TerrAscend (the “Warrants”).
The Debentures’ principal amount is convertible into fully paid and
non-assessable common shares or exchangeable shares of TerrAscend at the
holder’s option, or upon the occurrence of certain events, at a conversion
price of $5.95 per share. The Debentures mature on October 2, 2024 and bear a
per-annum interest rate of 6%.
To view the full press release, visit http://ibn.fm/8ZfmB
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 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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