Welcome to our dedicated page for Riv Capital news (Ticker: CNPOF), a resource for investors and traders seeking the latest updates and insights on Riv Capital stock.
RIV Capital Inc. (CNPOF) is a strategic investor building a vertically integrated cannabis platform across key U.S. markets. This page aggregates official updates and analysis-worthy developments for stakeholders tracking the company's expansion in regulated cannabis sectors.
Access real-time updates on operational milestones, including retail expansions, cultivation advancements, and regulatory compliance achievements. Our curated news feed covers earnings reports, partnership announcements (e.g., Nabis distribution network), and market entry strategies in states like New York and Florida.
Key focus areas include adult-use dispensary launches, brand portfolio growth through acquisitions like Etain, and strategic collaborations shaping the cannabis supply chain. Investors will find essential updates on financial performance indicators and operational scalability measures.
Bookmark this page for streamlined access to verified information about RIV Capital's progress in establishing premium cannabis brands and navigating complex regulatory environments. Check regularly for insights into wholesale distribution developments and emerging market opportunities.
RIV Capital announced significant executive changes, appointing Mike Totzke as interim CEO following Mark Sims's departure. The company is forming a Strategic Growth Committee to explore growth strategies, including potential M&A. For FQ3 2023, RIV reported $2.0 million in revenue, with $1.9 million net after excise taxes. Gross profit stood at $0.8 million, while net loss was $9.9 million, showing a rise in operational expenses to $4.8 million. The company holds a solid cash position of $125.6 million. Key initiatives in New York include infrastructure improvements and a revamped wholesale program to enhance growth opportunities.
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