Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) this morning
announced the entry of its portfolio companies, James E. Wagner Cultivation
Corporation (“JWC”) (TSXV: JWCA) (OTCQX: JWCAF) and TerrAscend Corp. (CSE: TER)
(OTCQX: TRSSF), into a purchase and supply agreement, demonstrating
collaboration and synergy that is seen throughout the Canopy Rivers ecosystem.
Under the agreement, JWC will supply cannabis flower and oils to TerrAscend,
which will then be made available for purchase on TerrAscend’s online medical
sales platform, Solace Health. The platform will provide JWC with exposure to
thousands of registered medical patients across Canada. “The collaboration
between JWC and TerrAscend is evidence of the Canopy Rivers ecosystem at work,”
Canopy Rivers Chief Operating Officer Olivier Dufourmantelle said in the news
release. “Portfolio companies that work together, thrive together. We are
constantly striving to broker opportunities for synergy and collaboration
within our portfolio.”
To view the full press release, visit http://ibn.fm/Ac7F8
About Canopy Rivers Inc.
Canopy Rivers is a unique investment and operating platform
structured to pursue investment opportunities in the emerging global cannabis
sector. Canopy Rivers identifies 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 Corporation (TSX: WEED) (NYSE: CGC) 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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