TORONTO – Canopy Rivers Inc. (“Canopy Rivers“) (TSX: RIV, OTC: CNPOF), a venture capital firm specializing in cannabis, portfolio companies have made a series of recent announcements as they aim to seize opportunities in the Canadian retail market. Canopy Rivers also published a new investor presentation following the release of its third quarter financial results. More details on these developments are included below:
- Canopy Rivers published a new investor presentation following its third quarter financial results released on February 14, 2020. The new presentation provides an update to the company’s investment strategy, which breaks down the cannabis sector into ten verticals. It also expands upon Canopy Rivers’ diversified global platform and portfolio, global industry insights and deal flow, thesis-driven approach to investing, and roadmap to value creation.
- Headset, Inc. (“Headset“) launched its Insights product in British Columbia. This product gives brands and retailers an avenue through which they can gain a better understanding of the British Columbia market. Headset Insights was originally made available for the Alberta market in 2019. Earlier this month, Headset also hosted a Cannabis Data Night in Toronto. Attended by over 300 members of the city’s cannabis industry, Cannabis Data Night featured presentations from Canopy Rivers, Cova Software, and Headset around brands, sales data and consumer behaviour.
- YSS Corp.’s (“YSS“) (TSXV: YSS, WKN: A2PMAX) 17th operating retail location opened in Grande Prairie, Alberta earlier this month. YSS now has operating stores servicing customers across Alberta and in Saskatchewan, including locations in Calgary (6), Edmonton, Red Deer, Vermilion, Stony Plain, Vegreville, Spruce Grove, Lloydminster, High River, Okotoks, Grande Prairie and Swift Current. YSS continues to advance its plans to expand into Ontario by leveraging the experience and knowledge it has gained through its growth in Alberta and Saskatchewan.
- James E. Wagner Cultivation Corporation (“JWC“) (TSXV: JWCA, OTCQX: JWCAF) entered into a master cannabis supply agreement with the Ontario Cannabis Store (“OCS“), marking the first time JWC’s products will sell in the recreational market. The agreement provides the framework for JWC to make its aeroponically grown cannabis products available for purchase through the OCS online store and in nearly 30 private retail stores across Ontario.
About Canopy Rivers
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 portfolio.