Canopy Growth Corp (NYSE: CGC) reported Monday it s giving up on its interest in Canopy Rivers Inc. (TSX: RIV) (PINK: CNPOF).
The Toronto-based cannabis-focused venture capital firm opted to transfer three of its portfolio assets to Canopy Growth.
Rivers will obtain $115 million in cash and 3.. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Canopy Growth cuts ties with investment company Canopy Rivers
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Canopy Growth signs deal valued at $297-million to give up stake in Canopy Rivers
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Winnipeg Free Press By: The Canadian Press
SMITHS FALLS, Ont. - Canopy Growth Corp. has signed a deal valued at $297 million that will see it give up its ownership in Canopy Rivers Inc., which it established as a venture capital firm to invest in the cannabis sector.
A worker processes medical marijuana at Canopy Growth Corporation s Tweed facility in Smiths Falls, Ont., on Monday, Feb. 12, 2018. THE CANADIAN PRESS/Sean Kilpatrick
SMITHS FALLS, Ont. - Canopy Growth Corp. has signed a deal valued at $297 million that will see it give up its ownership in Canopy Rivers Inc., which it established as a venture capital firm to invest in the cannabis sector.