Riv Capital Acquires Non-Reg Portion Of Etain, NY's Only Women-Owned & Operated Cannabis Company

RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) has completed the initial closing of a previously announced transaction involving Etain, LLC and Etain IP LLC, owners and operators of licensed cannabis cultivation and retail dispensaries in New York.

RIV Capital is acquiring the non-regulated portion of Etain, LLC and Etain IP for approximately $198 million through a combination of cash and newly issued Class A common shares of RIV Capital. 

An additional amount of approximately $49 million through a combination of cash and common shares will be paid subject to, among other things, receipt of all required regulatory approvals, including from the New York Cannabis Control Board and the New York …

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