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Canopy Rivers Inc (CVE:RIV) Restructures TerrAscend Corp (CNSX:TER) Investment

2,311 views · Published 24 October 2018 · 14:09 · Indexed 6 November 2026

Channel: Midas Letter · 2018 · News & Politics

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Canopy Rivers Inc (CVE:RIV) is the venture capital investment platform of Canopy Growth Corp (TSE:WEED) (NYSE:CGC) (FRA:11L1) and is building a network of complementary cannabis companies that can work together for mutual benefit. EVP of Strategy Daniel Pearlstein observes that the emergence of ancillary cannabis companies with the advent of legalization is a potential value catalyst for the space. Pearlstein believes that the leadership role Canada has developed in the cannabis space is embodied in Canopy Rivers, as the company seeks international investment opportunities. Earlier this month, the company announced a restructuring of its investment in TerrAscend Corp (CNSX:TER) (OTCMKTS:TRSSF) (FRA:TED). Canopy Rivers recently re-aligned the leadership group of LiveWell Canada (CVE:LVWL) (OTCMKTS:LXLLF)to optimize its capacity to produce cannabis derivative products.

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