Canopy Rivers announced in a recent news release that it has filed an early warning report in connection with the closing of the qualifying transaction of James E. Wagner Cultivation (“JWC”), formerly AIM1 Ventures, under National Instrument 62-103. Per the transaction, the company received 12,513,041 common shares of JWC and 2,347,826 warrants to purchase common share of JWC. Canopy Rivers did not hold any common shares or convertible securities of JWC prior to this transaction. Certain common shares held by Canopy Rivers are subject to regulatory escrow provisions. At the time of the company’s news release, Canopy Rivers reported that it does not intend to take any further action, although the company is permitted to acquire additional securities, dispose of some or all the securities or continue to hold the common shares, warrants or other securities of JWC.
To view the full press release, visit http://cnw.fm/Edn0J
About Canopy Rivers
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support and affiliation with the Canopy Growth group of companies. The result is an ecosystem of complementary and best-in-class cannabis operating companies that is representative of all the various niches in this newly developing cannabis economy. As the portfolio continues to develop, constituents benefit from opportunities to join forces with Canopy Growth and collaborate among themselves, resulting in an ideal environment for innovation, synergy and value creation for Canopy Rivers, Canopy Growth and the entire ecosystem of portfolio companies. For more information, visit the company’s website at www.CanopyRivers.com.
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