CNPOF - RIV Capital to acquire Etain names Mark Sims as CEO

RIV Capital (OTCPK:CNPOF) to acquire ownership and control of Etain LLC and Etain IP LLC, owners and operators of legally licensed cannabis cultivation and retail dispensaries in the state of New York for ~$247M, payable through a combination of cash and newly issued Class A common shares of RIV Capital. Concurrently, it has named Mark Sims as President and CEO of RIV Capital, to lead the company's formal entry into the U.S. market and expansion into licensed adult-use operations in New York to succeed Narbé Alexandrian, who departs RIV Capital to pursue other opportunities. Mr. Sims is a current director of RIV Capital, a role he will retain, and most recently was Senior Vice President of Strategy and M&A for The Scotts Miracle-Gro Company (SMG).

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RIV Capital to acquire Etain, names Mark Sims as CEO