Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) this morning
announced an investment and strategic collaboration with ZeaKal, Inc., a
California-based plant science innovator with proprietary technologies that
sustainably increase photosynthesis, improve plant yield and enhance
nutritional profiles for a variety of agricultural crops. Canopy Rivers’
investment marks another significant corporate milestone for ZeaKal, following
February’s announcement of its R&D collaboration with the agricultural
science division of DowDuPont. “Our investment in ZeaKal, the fifth consecutive
international transaction for Canopy Rivers, builds on our thesis of selecting
globally scalable and innovative processes, products, and technologies from
complementary industries, and applying them to the cannabis and hemp economy,”
Canopy Rivers Director of Business Development Mary Dimou said in the news
release. “Plant sciences is a mostly overlooked but absolutely critical segment
of the cannabis and hemp value chain, and we are seeking to address this gap
with this investment. ZeaKal’s technology has already realized success across a
number of crops during field trials, and these are crops that have been
commercialized for decades. The application of this innovative technology
throughout the Canopy Rivers portfolio and the cannabis and hemp industry at
large could be a game changer.”
To view the full press release, visit http://ibn.fm/XxQIV
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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