ScottsMiracle-Gro Helps RIV Capital 'Grow Great Things' With $150M Strategic Investment

RIV Capital Inc. (CSE: RIV) (OTCPK: CNPOF) announced Wednesday it has finalized the purchase by The Hawthorne Collective, Inc. a cannabis-focused subsidiary of ScottsMiracle-Gro (NYSE: SMG) of an unsecured convertible note from RIV Capital for $150 million.

Pursuant to the Investment, RIV Capital received a capital injection of $150 million, to be used for general corporate and other lawful purposes, that will help accelerate the launch and expansion of its U.S. cannabis operating and brand platform. The Investment also establishes RIV Capital as The Hawthorne Collective’s preferred vehicle for investments not currently under the purview of The Hawthorne Gardening Company …

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