Canopy Rivers recently announced that it has amended the terms of its best efforts private placement of subscription receipts in connection with the proposed business combination transaction involving AIM2 Ventures Inc. (“AIM2”). The business transaction is intended to result in a reverse take-over of AIM2 by Canopy Rivers. Per the revised terms of the offering, the company offered to issue and sell subscription receipts at a price of $3.50 each for total gross proceeds of up to $104,125,000. The securities have not been and will not be offered or sold within the United States.
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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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