Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital
firm specializing in cannabis, today announced that its portfolio company
Herbert Works Ltd. has received its Health Canada research and development
(R&D) license to develop branded cannabis-infused beverages. “This
announcement represents a significant milestone for Herbert Works as the
company continues to move quickly toward the development of exceptional and
widely appealing THC-infused beverages,” Canopy Rivers President and CEO Narbe
Alexandrian said in the news release. “It’s a timely achievement, as the next
wave of cannabis legalization in Canada will unlock these new product offerings
in a matter of months. We believe that Herbert Works is in a prime position to
capitalize on the growth opportunities that ‘Cannabis 2.0′ presents for
consumers that are eager to try cannabis in different formats.”
To view the full press release, visit http://ibn.fm/8tQBw
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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