Dynamic plant-based food and beverage company Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) today
announced a strategic investment in BioLumic Ltd., creators of a sustainable
ultraviolet (“UV”) crop yield enhancement system. Canopy Rivers’ investment of
$1.5 million marked its first investment in agri-technologies, specifically
focused on the promising fields of plant physiology and UV photobiology.
“Canopy Rivers’ mission is to build and support a thriving global cannabis
economy, and we are dedicated to identifying and investing in strategic
technology players throughout the legal cannabis value chain,” Canopy Rivers
Director, Business Development Mary Dimou said in the news release. “Led by an
exceptional management team, BioLumic’s groundbreaking, proprietary UV
technology has the potential to significantly improve cannabis growth, vigor
and yield – promising an environmentally friendly, GM-free cannabis crop
through the power of light.”
To view the full press release, visit http://ibn.fm/UWHIo
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.
NOTE TO INVESTORS: The latest news and updates
relating to CNPOF are available in the company’s newsroom at http://ibn.fm/CNPOF
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