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Oct. 30, 2020, 2:50 p.m. EDT

CannabisNewsBreaks - Canopy Rivers Inc. (CA: RIV)(US: CNPOF) Announces PharmHouse Commencement of SISP

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/zigman2/quotes/214109402/delayed CA:RIV -8.80% /zigman2/quotes/201002551/delayed CNPOF -5.86%

Oct 30, 2020 (NetworkNewsWire via COMTEX) -- Canopy Rivers , a venture capital firm specializing in cannabis, on Thursday announced that PharmHouse Inc., its 49%-owned joint venture, has received approval from the Ontario Superior Court of Justice to commence its Sale and Investor Solicitation Process ("SISP"). According to the update, the SISP is intended to solicit interest in, and opportunities for, a sale of or investment in all or part of PharmHouse's assets or business. This may include a restructuring, recapitalization or other form of reorganization. PharmHouse has engaged BMO Capital Markets ("BMO") to lead the SISP with oversight from Ernst and Young Inc. ("E&Y"), the monitor in PharmHouse's Companies' Creditors Arrangement Act ("CCAA") proceedings.

To view the full press release, visit: https://cnw.fm/2oj1X

About Canopy Rivers Inc.

Canopy Rivers is a venture capital firm specializing in cannabis with a portfolio of 18 companies across various segments of the cannabis value chain. The company believes that bringing together people, capital and ideas raises the potential of the entire cannabis industry. By leveraging industry insights, in-house expertise and thesis-driven approach to investing, Canopy Rivers aims to provide shareholders exposure to specialized and disruptive cannabis companies. Canopy Rivers' mission is to invest in innovators across the cannabis value chain, help them grow, and ultimately create value by guiding these companies towards a monetization event. Together with its portfolio, the company is helping build the cannabis industry of tomorrow, today. For more information, visit www.CanopyRivers.com .

NOTE TO INVESTORS: The latest news and updates relating to CNPOF are available in the company's newsroom at http://cnw.fm/CNPOF

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

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COMTEX_373696919/2557/2020-10-30T14:49:50

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/zigman2/quotes/214109402/delayed
CA : Canada: Toronto
$ 2.59
-0.25 -8.80%
Volume: 658,441
March 8, 2021 10:40p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$544.11 million
Rev. per Employee
N/A
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/zigman2/quotes/201002551/delayed
US : U.S.: OTC
$ 2.09
-0.13 -5.86%
Volume: 375,731
March 8, 2021 3:59p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$428.87 million
Rev. per Employee
N/A
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