Riv Capital And Cansortium Shareholders Approve Merger: Combined Weed Company Will Operate In Four Major US States
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2024
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Source: Benzinga
Merger Approval: RIV Capital Inc. and Cansortium Inc. shareholders have overwhelmingly approved a merger, which will create a combined company operating in Florida, New York, Texas, and Pennsylvania with multiple cultivation and retail facilities.
Next Steps and Market Impact: The merger is expected to close in Q4 2024, pending final court approval, and aims to leverage the strengths of both companies to enhance growth and profitability in the cannabis market.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
