TORONTO, Oct. 21, 2019 /CNW/ - Canopy Rivers Inc.
("Canopy Rivers" or the "Company") (TSX: RIV, OTC:
CNPOF), a venture capital firm specializing in cannabis, will
report its second quarter fiscal year 2020 financial results before
markets open on Thursday, November 14,
2019. The Company's unaudited condensed interim consolidated
financial statements and management's discussion and analysis of
financial results for the six months ended September 30, 2019 will be available on the
Company's profile on the System for Electronic Document Analysis
and Retrieval ("SEDAR") at www.sedar.com and on the
Company's website at
www.canopyrivers.com/investors/financials-and-public-filings.
Certain preliminary financial information pertaining to the
Company may also be found in the financial results released by
Canopy Growth Corporation (TSX: WEED, NYSE: CGC), which are
currently scheduled to be released on November 14, 2019. All financial information with
respect to the quarter pertaining to the Company in the financial
results of Canopy Growth Corporation are preliminary and are
unaudited and subject to change and adjustment as the Company
prepares its consolidated financial statements for the six months
ended September 30, 2019.
Accordingly, investors are cautioned not to place undue reliance on
the preliminary financial information. The preliminary financial
results constitute "forward-looking information" within the meaning
of applicable Canadian securities laws and are subject to a number
of risks and uncertainties. Actual results may differ materially.
See "Forward-looking
Statements".
Following the release of its second quarter fiscal year 2020
financial results, Canopy Rivers will host a conference call and
audio webcast with Narbe Alexandrian, President and CEO and
Eddie Lucarelli, CFO at 10:00 AM Eastern Time on November 14, 2019.
Webcast Information
A live audio webcast will be
available at:
https://event.on24.com/wcc/r/2114597/A2BD47FA291CA7E2389E0AF0D5A10450
Calling Information
North America Toll Free Dial-In Number:
Conference ID: (+1) 888 390 0546
Replay Information
A replay of the call will be
accessible by telephone until 11:59 PM
Eastern Time on February 14,
2019.
Toll Free Dial-in Number: (+1) 888 390 0541
Replay Password: 448969 #
About Canopy Rivers Inc.
Canopy Rivers is a venture capital firm specializing in
cannabis. Its unique investment and operating platform is
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 the Company with
respect to future business activities and operating performance. To
the extent any forward-looking information referred to in this news
release constitutes "financial outlooks" within the meaning of
applicable Canadian securities laws, such information is
preliminary financial results for the six months ended September 30, 2019 and the reader is cautioned
that this information may not be appropriate for any other purpose
and the reader should not place undue reliance on such financial
outlooks. 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 timing
and availability of the financial results of the Company and Canopy
Growth Corporation and the Company's earnings call.
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 the
Company 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 the Company. Financial
outlooks, as with forward-looking information generally, are,
without limitation, based on assumptions and subject to various
risks as set out herein. The Company's actual financial position
and results of operations may differ materially from current
expectations. Among the key factors that could cause
actual results to differ materially from those projected in the
forward-looking information are the following: the
preliminary financial results are subject to the completion of the
Company's financial closing procedures and have not been audited or
reviewed by the Company's independent registered public accounting
firm; changes in the timing and availability of financial results
and the Company's earnings call; regulatory and licensing risks;
changes in general economic, business and political conditions,
including changes in the financial markets; potential conflicts of
interest; the Canadian regulatory landscape and enforcement related
to cannabis, including political risks and risks relating to
regulatory change; changes in applicable 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 the Company 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. The
Company 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.