TORONTO, Sept. 9, 2019 /CNW/ - Canopy Rivers Inc.
("Canopy Rivers" or the "Company") (TSX: RIV) (OTC:
CNPOF), a venture capital firm specializing in cannabis, is pleased
to announce that, as of the opening of the markets today, its class
A subordinated voting shares will begin trading on the Toronto
Stock Exchange (the "TSX") under the ticker symbol
"RIV". This milestone was achieved within less than one year
of Canopy Rivers' initial go-public transaction. No further action
is required by existing shareholders.
"We are proud to join a class of issuers that includes many
reputable domestic and international companies," said Narbe
Alexandrian, President and CEO of Canopy Rivers. "We believe that
graduating to the TSX will improve awareness about Canopy Rivers
and enhance liquidity for our shareholders and other market
participants."
On September 24, 2019, Canopy
Rivers will participate in the TSX market open ceremony.
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 identifies strategic
counterparties seeking financial and/or operating support. Canopy
Rivers has developed an investment ecosystem of complementary
cannabis operating companies that represent various segments of the
value chain across the emerging cannabis sector. As the portfolio
continues to develop, constituents will be provided with
opportunities to work with Canopy Growth Corporation
(TSX: WEED, NYSE: CGC) and collaborate among themselves, which
Canopy Rivers believes will maximize value for its shareholders and
foster an environment of innovation, synergy and value creation for
the entire ecosystem.
Forward-Looking Statements
This news release contains statements which constitute
"forward-looking information" within the meaning of applicable
securities laws, including statements regarding the plans,
intentions, beliefs and current expectations of Canopy Rivers with
respect to future business activities and operating performance.
Forward-looking information is often identified by the words "may",
"would", "could", "should", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" or similar expressions and includes
information regarding: the trading of the Company's class A
subordinated voting shares on the TSX; the benefits of graduating
to the TSX; and expectations for other economic, business, and/or
competitive factors.
Investors are cautioned that forward-looking information is
not based on historical fact but instead reflects management's
expectations, estimates or projections concerning future results or
events based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are
made. Although Canopy Rivers believes that the expectations
reflected in such forward-looking information are reasonable, such
information involves risks and uncertainties, and undue reliance
should not be placed on such information, as unknown or
unpredictable factors could have material adverse effects on future
results, performance or achievements of Canopy Rivers. Among the
key factors that could cause actual results to differ materially
from those projected in the forward-looking information are the
following: regulatory and licensing risks; changes in the timing
and process for listing on the TSX; the actual impact of the
Company's TSX listing; changes in general economic, business and
political conditions, including changes in the financial markets;
the global regulatory landscape and enforcement related to
cannabis, including political risks and risks relating to
regulatory change; risks relating to anti-money laundering laws;
compliance with extensive government regulation; public opinion and
perception of the cannabis industry; and the risk factors set out
in Canopy Rivers' annual information form dated July 15, 2019,
filed with the Canadian securities regulators and available on
Canopy Rivers' profile on SEDAR at www.sedar.com.
Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
information prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated,
believed, estimated or expected. Although Canopy Rivers has
attempted to identify important risks, uncertainties and factors
that could cause actual results to differ materially, there may be
others that cause results not to be as anticipated, estimated or
intended. Canopy Rivers does not intend, and does not assume any
obligation, to update this forward-looking information except as
otherwise required by applicable law.
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SOURCE Canopy Rivers Inc.