RIV Capital, Inc. (CSE:RIV) (OTC:CNPOF) will acquire ownership and control of Etain LLC and Etain IP LLC, owners and operators of legally licensed cannabis cultivation and retail dispensaries in New York state for $247 million in cash and stock.
Under the agreement, RIV Capital will acquire ownership and control of the Etain companies for around $247 million, payable through a combination of cash and newly issued Class A common shares of RIV Capital, subject to, among other things, receipt of all required regulatory approvals, including from the New York Cannabis Control Board and the New York State Office of Cannabis Management.
