Rivers Shareholders Approve Plan of Arrangement with Canopy Growth
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Rivers or the
Company ) (TSX: RIV) (OTC: CNPOF) is pleased to announce that its shareholders voted today to approve the previously announced plan of arrangement (the
Arrangement ) involving Canopy Growth Corporation (
Canopy Growth ) (TSX: WEED) (NASDAQ: CGC).
Approximately 99.87% of the votes cast by Rivers shareholders were voted in favour of the Arrangement, including approximately 99.85% of the votes cast by Rivers shareholders other than Canopy Growth, whose votes were required to be excluded pursuant to Multilateral Instrument 61-101 –
Protection of Minority Security Holders in Special Transactions. Approval was required from at least (i) two-thirds of the votes cast by the holders of Subordinated Voting Shares (
Jushi Holdings Inc. (CSE:JUSH) (OTCQB:JUSHF) priced its overnight marketed offering of a total of 6.5 million subordinate voting shares at a price of CA$10 per share, for total gross proceeds of CA$65 million (US$51 million).
NBA legend
Isiah Thomas has invested $3 million into hemp and cannabis ingredient producer
One World Pharma Inc. (OTCQB:OWPC). The former Detroit Pistons player-turned-entrepreneur, who was named CEO of One World Pharma last June, invested through his holding company, Isiah International. The funds will allow One World Phara to build a THC and CBD extraction facility in Colombia and subsidize future growth.
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Inside the Market’s roundup of some of today’s key analyst actions
Brookfield Infrastructure Partners LP (BIP.UN-T, BIP-N) Inter Pipeline Ltd. (IPL-T), according to Citi analyst Ryan Levine.
On Wednesday after the bell, Brookfield revealed it has offered $16.50 per share for the remaining stake in Inter Pipeline that it does not already own, a 23.13-per-cent premium Wednesday’s close and valuing the Calgary-based company’s equity at $7.08-billion.
TerrAscend Investment Helps Canopy Rivers Reach $82.2M In Income For Q3
Canopy Rivers Inc.disclosed Wednesday its total comprehensive income amounted to $82.2 million in the third quarter of this fiscal year, versus a loss of $40 million in the same period of last year.
The company attributes the growth to an $11.4 million increase in the value of its TerrAscend Canada Inc. (CSE:TER) (OTCQX:TRSSF) investment.
The Toronto-based venture capital firm invested some $10 million in Terrascend in October. Canopy acquired 13,243 units of TerrAscend as a part of the first tranche of the offering. Our portfolio companies continue to gain momentum, and we are further encouraged by the potential for regulatory reform in the U.S. given recent progress at the state level, and the new administration s position on cannabis reform, Canopy Rivers CEO Narbé Alexandrian said.
Canopy Growth Reports Third Quarter Fiscal 2021 Financial Results
Improved commercial and operational execution drives record net revenue of $153 million, up 23% vs Q3 2020
Q3 2021 Canadian recreational market share increased by 30bps vs Q2 2021 based on our proprietary market share tracker Provides medium-term financial targets, including expectations to achieve profitability during the second half of FY 2022, while continuing to invest behind consumer insights, R&D and the U.S. market
With renewed sense of optimism, Canopy further advanced the U.S. growth strategy ahead of potential cannabis reform
SMITHS FALLS, Ontario, Feb. 9, 2021 /PRNewswire/ Canopy Growth Corporation ( Canopy Growth or the Company ) (TSX: WEED) (NASDAQ: CGC) today announces its financial results for the third quarter fiscal 2021 ended December 31, 2020. All financial information in this press release is reported in millions of Canadian dollars, unless otherwise indicated.