TORONTO, Sept. 11, 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 the formation of
its Strategic Advisory Board, a group of respected business leaders
that will provide guidance to Canopy Rivers' executive team as it
continues to build and strengthen the Company's global portfolio of
leading cannabis companies.
"We have assembled a group of outstanding individuals with
exceptional track records as leaders in their respective
industries," said Narbe Alexandrian, President and CEO of Canopy
Rivers. "The Strategic Advisory Board will play an important role
in providing guidance and insight to Canopy Rivers as we pursue our
global growth strategy. Together, we look forward to building
the cannabis industry of tomorrow, today."
Inaugural members of Canopy Rivers' Strategic Advisory Board
include:
John Ruffolo – Mr. Ruffolo
is the Co-founder and Vice Chair of the Council of Canadian
Innovators. Mr. Ruffolo founded OMERS Ventures and also formed
Platform Investments, OMERS' innovation arm, where he led
investments in Purpose Financial, PointNorth Capital, District
Ventures, OneEleven and ArcTern Ventures. He sits on several
boards, including Ether Capital, Ontario Centres of Excellence, and
the Royal Ontario Museum.
Meg Lovell – Ms. Lovell
served as Co-Head of M&A and as Corporate and Commercial
Counsel at Imperial Brands PLC, a global consumer goods company
with a portfolio of next-generation and tobacco products. During
her time at Imperial Brands, Ms. Lovell led a number of strategic
transactions with a particular focus on Imperial Brands'
next-generation product portfolio, in addition to advising on an
extensive range of matters across the organization. Prior to
joining Imperial Brands, Ms. Lovell was an Associate at Slaughter
and May, a leading multinational law firm.
Philip Donne – Mr. Donne
is a board advisor for several companies including Greenhouse
Juice, Longo's, Nature's Path Foods, and Valens. He is the
former President of Campbell Canada, the former President and CEO
of Kellogg Canada, and the former President of Cossette's
Toronto office and Co-President of
the agency's Montreal Office. An award-winning marketing
strategist, Mr. Donne received the Gold Medal Award from the
Association of Canadian Advertisers and a Golden Pencil Award for his contributions to the
Canadian food industry.
Canopy Rivers would also like to announce that Daniel Pearlstein, EVP, Strategy, is no longer
with the Company. The Company would like to thank Mr. Pearlstein
for his contributions to the Company and wishes him well with his
future endeavors.
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 role of the Company's Strategic Advisory
Board; the Company's future plans and global growth strategy; 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 role of
the Strategic Advisory Board or the Company's plans and growth
strategy; the ability of the Company and the Strategic Advisory
Board to collaborate; 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.