Canopy Rivers (TSX: RIV) (OTC: CNPOF) portfolio
company BioLumic Ltd. has received New Zealand Ministry of Health approval to
apply its proprietary ultraviolet (“UV”) light technology to medical cannabis.
According to the update, BioLumic’s approach has been successful in increasing
yields in certain crops, such as strawberries, by up to 60%. This approval
marks the first time the company’s UV light technology will be used on
cannabis, which BioLumic hopes will show increased yields and help producers
meet the rising demand for medical cannabis and cannabis-derived products. “The
partnership between BioLumic and JWC is another sign of strong collaboration in
the Canopy Rivers ecosystem,” Canopy Rivers President and CEO Narbé Alexandrian
said in the news release. “We expect that BioLumic’s expertise in non-cannabis
agriculture technology will help cannabis cultivators like JWC produce
high-yield, sustainable strains that meet consumer demands and patient needs.”
To view the full press release, visit http://ibn.fm/FVNPt
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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