Canopy Rivers Inc. CNPOF Archives - Page 2 of 7

MondaySep 14, 2020 10:05 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Receipt of Statement of Claim Relating to PharmHouse JV

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today announced its receipt of a statement of claim filed by 2615975 Ontario Inc., the company's joint venture (“JV”) partner in PharmHouse Inc., concerning certain disputes relating to PharmHouse. According to the update, the claim makes a number of allegations against the company, Canopy Growth Corporation and TerrAscend Corp. and TerrAscend Canada Inc. (together, "TerrAscend"), including claims relating to bad faith, fraud, civil conspiracy, breach of the duty of honesty and good faith in contractual relations and breach of fiduciary duty, and claims relating to PharmHouse's offtake agreements with Canopy Growth and TerrAscend. The…

TuesdayAug 18, 2020 10:40 am

QualityStocksNewsBreaks – ISW Holdings, Inc. (ISWH) Announces Q2 2020 Results, Eyes Continued Development in Promising Sectors

ISW Holdings (OTC: ISWH), a global brand management holdings company, today reported operational performance data for the three months and six months ended June 30, 2020. According to the update, revenues for the three months ended June 30 totaled $248,675 (for the six months ended June 30, $485,593), representing year-over-year growth of 79% (and 244%) versus comparable periods in 2019. “We demonstrated the continued viability of our home healthcare business during a tumultuous quarter beset by tremendous challenges across the country due to the pandemic health crisis,” Alonzo Pierce, president and chairman of ISW Holdings, stated in the news release.…

TuesdayAug 18, 2020 9:47 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Date for Annual General and Special Meeting

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today announced that it will hold its annual general and special meeting of shareholders of the company 10 a.m. EDT on September 24, 2020. The meeting will be held at the company’s offices; however, due to health concerns relating to the novel coronavirus and to comply with government and public health directives, Canopy Rivers is urging all shareholders to vote by proxy in advance of the meeting and is discouraging physical attendance. The meeting will be limited to registered shareholders and duly appointed proxyholders only. Shareholders who wish to access and ask questions at…

FridayAug 14, 2020 11:52 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Q1 2021 Financial Results

Canopy Rivers (TSX: RIV) (OTC: CNPOF), today released its unaudited condensed interim consolidated financial statements and management's discussion and analysis ("MD&A") for the three months ended June 30, 2020 ("Q1 2021"). "This quarter, we made a strategic investment in Dynaleo, a cannabis gummies manufacturer that we believe is well-positioned to help Canada's licensed producers and brands catch up to consumer demand for the gummy product format," Narbé Alexandrian, president and CEO of Canopy Rivers, stated in the news release. "We also continued to work closely with our portfolio companies to help resolve some of the unique macroeconomic challenges that emerged…

MondayAug 10, 2020 1:54 pm

QualityStocksNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) Cornerstone Investor Featured in BNN Bloomberg Article

Canopy Rivers’ (TSX: RIV) (OTC: CNPOF) cornerstone investor, Canopy Growth Corporation (TSE: WEED) (NYSE: CGC), was featured in a BNN Bloomberg article by David George-Cosh titled, “Strong medical sales help Canopy Growth beat Q1 estimates.” Among other highlights, the article discusses Canopy Growth Corp.’s recently reported fiscal first-quarter financial results. The article reads, “Canopy, the world's largest cannabis company by market valuation, said that its medical cannabis business outperformed in its three-month period ending June 30, while also seeing revenue gains from its German pharmaceutical subsidiary and its topical cream products.” To view the full article, visit http://ibn.fm/cKGb6 About Canopy…

FridayJul 10, 2020 10:54 am

QualityStocksNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) Portfolio Companies Respond to Shifting Consumer Demands

Three of Canopy Rivers’ (TSX: RIV) (OTC: CNPOF) portfolio companies have made recent announcements as they aim to introduce new or expanded choices for cannabis consumers and medical patients in Canada and the U.S. "We continue to be impressed with the ability of our portfolio companies to respond to shifting consumer demands in the cannabis space while executing on their long-term strategies," Narbé Alexandrian, president and CEO of Canopy Rivers, said in the news release. "We still see greenfield in the Canadian brand market, and we are excited to see both Agripharm and Dynaleo taking steps to introduce Canadians to…

TuesdayJun 23, 2020 10:05 am

QualityStocksNewsBreaks – Canopy Rivers Inc.’s (TSX: RIV) (OTC: CNPOF) Most Recent Addition to Portfolio of Disruptive Cannabis Companies Receives Health Canada License

Canopy Rivers (TSX: RIV) (OTC: CNPOF) on Monday announced that the most recent addition to its portfolio of disruptive cannabis companies, Dynaleo Inc., has received its Standard Processing License from Health Canada. According to the update, this follows the completion and commissioning of Dynaleo's 27,000 square foot purpose-built facility and is a key milestone as it aims to ramp up production of white label gummies for the Canadian recreational market. "We are thrilled with the momentum at Dynaleo," Narbé Alexandrian, president and CEO of Canopy Rivers, stated in the news release. "Data shows that the total addressable market for edibles,…

MondayJun 15, 2020 10:52 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Strategic Board Appointment of Canopy Growth CFO Mike Lee

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced appointment of Canopy Growth Corporation ("Canopy Growth") (TSX: WEED), (NYSE: CGC) Chief Financial Officer Mike Lee to its Board of Directors (the "Board"). According to the update, the Company expects that Lee's experience at Canopy Growth, Constellation Brands, Inc. and other leading consumer packaged goods and beverage companies will help strengthen its strategic execution as it continues to focus on developing a leading global cannabis portfolio. "Mike's addition to our Board is another sign of our strong and growing relationship with Canopy Growth and Constellation…

ThursdayJun 04, 2020 9:47 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Financial Highlights, Corporate Milestones for Q4 and FY 2020

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, on Wednesday released its audited consolidated financial statements for the fiscal year ended March 31, 2020 ("FY 2020") and management's discussion and analysis ("MD&A") for the three and twelve months ended March 31, 2020. "The global economic uncertainty brought on by COVID-19 capped off a volatile and challenging year for the cannabis sector. Despite these challenges, I am pleased with what our team achieved last year. However, we were not immune to this volatility, and following a strategic and operational review of our business, we recently announced…

ThursdayMay 28, 2020 11:07 am

QualityStocksNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Implements Changes as Part of Strategic and Operational Review of Business

Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced a series of operational changes designed to optimize its organizational structure, streamline operations, and preserve and maximize cash-on-hand. According to the update, the company, as part of its strategic and operational review of the business, is implementing changes including a material reduction in the company's operating cash outflows; a focus on generating positive cash flow; and a focus on maximizing returns on existing assets. In addition, the company today reaffirmed its intention, under its previously announced normal course issuer bid (the “NCIB”), to repurchase subordinated…

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