NetworkNewsBreaks – Canopy Rivers Inc. (TSX: RIV
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Posted On: 10/02/2019 3:56:28 PM
NetworkNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Announces Additional $10M Investment in TerrAscend Canada Inc.
Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced completion of a US$10 million investment in TerrAscend Canada Inc., a subsidiary of its portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF). According to the update, the investment includes the purchase of 13,243 units, with each consisting of one unsecured convertible debenture of TerrAscend Canada with a principal amount of C$1,000 and 25.2 common share purchase warrants of TerrAscend exercisable until October 2, 2024. TerrAscend is the first and only cannabis company with sales in Canada, the U.S. and Europe with an international portfolio that includes a robust research and development platform, domestic and international cultivation, processing, distribution facilities, and medical and adult-use branded cannabis products. “We think TerrAscend is uniquely positioned to meet the evolving consumer demands in the three largest cannabis markets worldwide,” Canopy Rivers President and CEO Narbe Alexandrian said in the news release. “We strongly believe in TerrAscend’s ability to execute on its global strategy, market a diversified brand portfolio, and build on its recent acquisitions, and this additional investment is an affirmation of that belief.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced completion of a US$10 million investment in TerrAscend Canada Inc., a subsidiary of its portfolio company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF). According to the update, the investment includes the purchase of 13,243 units, with each consisting of one unsecured convertible debenture of TerrAscend Canada with a principal amount of C$1,000 and 25.2 common share purchase warrants of TerrAscend exercisable until October 2, 2024. TerrAscend is the first and only cannabis company with sales in Canada, the U.S. and Europe with an international portfolio that includes a robust research and development platform, domestic and international cultivation, processing, distribution facilities, and medical and adult-use branded cannabis products. “We think TerrAscend is uniquely positioned to meet the evolving consumer demands in the three largest cannabis markets worldwide,” Canopy Rivers President and CEO Narbe Alexandrian said in the news release. “We strongly believe in TerrAscend’s ability to execute on its global strategy, market a diversified brand portfolio, and build on its recent acquisitions, and this additional investment is an affirmation of that belief.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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