CNPOF - RIV Capital Reports YoY Increase In Q1 Revenue Gross Profit Ahead Of Merger With Cansortium To Create Four-State Cannabis Company | Benzinga
Cannabis-focused acquisition and investment firm RIV Capital Inc. (CSE:RIV) (OTC:CNPOF) released its financial results on Thursday for the first quarter ended March 31, 2024.
Mike Totzke, the company's COO and interim CEO, called the first quarter "pivotal" referring to the official launch of the company's recreational cannabis operations in New York. The company opened its first adult-use dispensary in White Plains.
"Following years of hard work, we are incredibly proud of our entire team for their dedication, which enabled us to take this transformative step forward," Totzke said. "The growth we have seen at our newly launched White Plains dispensary is well in line with our expectations and customer feedback has been fantastic.”
The first quarter earnings announcement comes on the heels of the announced merger of ...