Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital
firm specializing in cannabis, this morning announced that Canopy Rivers
Corporation, a wholly owned subsidiary of the company, subscribed for 2,380,952
units of James E. Wagner Cultivation Corp. (“JWC”) (TSX.V: JWCA) (OTCQX: JWCAF)
at a price of $0.21 each for total consideration of approximately $500,000 in
connection with JWC’s non-brokered private placement financing. Each unit
consists of one common share in the capital of JWC and one-half of one common
share purchase warrant. Each warrant enables Canopy Rivers to purchase one
common share at any time on or before February 6, 2023 at a price of $0.275
each. Upon completion of the offering, Canopy Rivers holds 16,241,819 common
shares and warrants to purchase a total of 2,190,476 common shares,
representing roughly 15% of the issued and outstanding common shares on a
non-diluted basis. A copy of the early warning report will be available under
JWC’s profile on SEDAR at www.Sedar.com.
To view the full press release, visit http://ibn.fm/K8oDy
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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