Canopy Rivers Corporation and AIM2 Ventures Inc. (TSXV:
AIMB.P) (“AIM2”) recently announced that the shareholders of the respective
companies have voted in favor of all matters concerning the companies’ business
combination that will result in in a reverse take-over (“RTO”) of AIM2 by
Canopy Rivers. The transaction will also constitute AIM2’s qualifying
transaction. AIM2 shareholders also agreed to all matters at the meeting
including increasing the size of the AIM2 board, the election of all proposed
board members, the name change to Canopy Rivers Inc., the consolidation of its
existing common shares on a 26.565 for 1 basis, the adoption of a new stock
option plan, and the implementation of a dual class voting structure, including
the creation of a new class of subordinated voting shares and a new class of
multiple voting shares. The approved name change, consolidation, and
implementation of the new voting structure are expected to be implemented
directly before the closing of the transaction. Subject to final approval of
the TSXV, the close of the transaction is anticipated on or about September 17,
2018.
To view the full press release, visit http://ibn.fm/JVnpw
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 works collaboratively with Canopy Growth (TSX: WEED,
NYSE: CGC) to identify 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 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. For more
information, visit the company’s website at www.CanopyRivers.com.
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