NetworkNewsBreaks – Canopy Rivers Inc. (TSX: RIV
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Posted On: 05/04/2020 4:26:40 PM
NetworkNewsBreaks – Canopy Rivers Inc. (TSX: RIV) (OTC: CNPOF) Invests C$2 Million in Dynaleo, Eyes Significant Opportunity in Cannabis Gummies Market
Canopy Rivers (TSX: RIV) (OTC: CNPOF), a venture capital firm specializing in cannabis, today announced a C$2 million investment in Dynaleo Inc., an Edmonton-based company focused on white-label manufacturing of edible cannabis gummies for the Canadian market. According to the update, the Company anticipates the investment may become a leading industrial scale Canadian gummies manufacturer and believes it is capitalizing on a significant opportunity in what is currently an underserved and underdeveloped segment of the cannabis market. “We believe that Dynaleo is positioned to become a market leader in cannabis edibles manufacturing in Canada,” Canopy Rivers President & CEO Narbé Alexandrian said in the news release. “In the gummies market specifically, we see a significant supply and demand imbalance and a move towards outsourcing products to leading manufacturers. We think Dynaleo’s manufacturing capabilities, combined with its capable management team, position it to help close this supply gap in the short term and become a trusted manufacturer of cannabis edibles in the long term.”
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 a C$2 million investment in Dynaleo Inc., an Edmonton-based company focused on white-label manufacturing of edible cannabis gummies for the Canadian market. According to the update, the Company anticipates the investment may become a leading industrial scale Canadian gummies manufacturer and believes it is capitalizing on a significant opportunity in what is currently an underserved and underdeveloped segment of the cannabis market. “We believe that Dynaleo is positioned to become a market leader in cannabis edibles manufacturing in Canada,” Canopy Rivers President & CEO Narbé Alexandrian said in the news release. “In the gummies market specifically, we see a significant supply and demand imbalance and a move towards outsourcing products to leading manufacturers. We think Dynaleo’s manufacturing capabilities, combined with its capable management team, position it to help close this supply gap in the short term and become a trusted manufacturer of cannabis edibles in the long term.”
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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