Press Release: RIV Capital and Cansortium Receive New York State Cannabis Control Board Approval for Change of Control

Dow Jones

2024-10-11

Should one or more of the foregoing risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Cansortium and RIV Capital have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The forward-looking information and statements included in this news release are made as of the date of this news release and Cansortium and RIV Capital do not undertake any obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities laws.

View original content to download multimedia:https://www.prnewswire.com/news-releases/riv-capital-and-cansortium-receive-new-york-state-cannabis-control-board-approval-for-change-of-control-302273298.html

SOURCE RIV Capital Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2024/10/c9577.html

/CONTACT:

For further information: Investor Relations Contact for Cansortium Inc.: investors@cansortiuminc.com; Media Contact: FLUENT@Trailblaze.co; Investor Relations contact for RIV Capital: ir@rivcapital.com; Media contact for RIV Capital: media@rivcapital.com; Officer contact for RIV Capital: Matt Mundy, 416-583-5945

Copyright CNW Group 2024

(END) Dow Jones Newswires

October 10, 2024 15:01 ET (19:01 GMT)

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Although Cansortium and RIV Capital have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The forward-looking information and statements included in this news release are made as of the date of this news release and Cansortium and RIV Capital do not undertake any obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities laws. \n</p>\n<p>\n     View original content to download multimedia:https://www.prnewswire.com/news-releases/riv-capital-and-cansortium-receive-new-york-state-cannabis-control-board-approval-for-change-of-control-302273298.html \n</p>\n<p>\n     SOURCE RIV Capital Inc. \n</p>\n<p>\n     View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2024/10/c9577.html \n</p>\n<p>\n       /CONTACT: \n</p>\n<p>\n  For further information: Investor Relations Contact for Cansortium Inc.: investors@cansortiuminc.com; Media Contact: FLUENT@Trailblaze.co; Investor Relations contact for RIV Capital: ir@rivcapital.com; Media contact for RIV Capital: media@rivcapital.com; Officer contact for RIV Capital: Matt Mundy, 416-583-5945 \n</p>\n<pre>\nCopyright CNW Group 2024 \n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 10, 2024 15:01 ET (19:01 GMT)\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: RIV Capital and Cansortium Receive New York State Cannabis Control Board Approval for Change of Control</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Release: RIV Capital and Cansortium Receive New York State Cannabis Control Board Approval for Change of Control\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-10-11 02:25</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Should one or more of the foregoing risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Cansortium and RIV Capital have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The forward-looking information and statements included in this news release are made as of the date of this news release and Cansortium and RIV Capital do not undertake any obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities laws. \n</p>\n<p>\n     View original content to download multimedia:https://www.prnewswire.com/news-releases/riv-capital-and-cansortium-receive-new-york-state-cannabis-control-board-approval-for-change-of-control-302273298.html \n</p>\n<p>\n     SOURCE RIV Capital Inc. \n</p>\n<p>\n     View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2024/10/c9577.html \n</p>\n<p>\n       /CONTACT: \n</p>\n<p>\n  For further information: Investor Relations Contact for Cansortium Inc.: investors@cansortiuminc.com; Media Contact: FLUENT@Trailblaze.co; Investor Relations contact for RIV Capital: ir@rivcapital.com; Media contact for RIV Capital: media@rivcapital.com; Officer contact for RIV Capital: Matt Mundy, 416-583-5945 \n</p>\n<pre>\nCopyright CNW Group 2024 \n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 10, 2024 15:01 ET (19:01 GMT)\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIV","symbol_name":"River north Opportunities Fund Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2474200017","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474200017","pubTimestamp":1728584700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Transaction expected to close in the fourth quarter of 2024. TORONTO, Oct. 10, 2024 /CNW/ - RIV Capital Inc.   , an acquisition and investment firm with a focus on building a leading multistate platform, and Cansortium Inc.   , a vertically integrated, multi-state cannabis company operating under the FLUENT brand,  today announced that they have received New York Cannabis Control Board  approval for their previously announced business combination .\"We are thrilled to have received regulatory approval in New York to move forward with our business combination transaction, bringing us closer to completing this important step for both of our companies in the fourth quarter of 2024,\" said Robert Beasley, Chief Executive Officer of Cansortium. \"The respective teams have worked diligently and collaboratively since announcing the transaction to facilitate a smooth transition following the closing, and I remain confident that the full integration of our two companies will bring tremendous value","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RIV":"River north Opportunities Fund Inc","STT":"道富银行","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","CNTMF":"FLUENT CORP","TM":"丰田汽车","BK4585":"ETF&股票定投概念","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4555":"新能源车","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","03160":"华夏日股对冲","BK4007":"制药","BK4135":"资产管理与托管银行","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4099":"汽车制造商","BK4588":"碎股","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC"},"translate_title":"新闻稿：RIV Capital和Cansortium获得纽约州大麻控制委员会对控制权变更的批准","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03160":0.6,"CNTMF":1,"RIV":1,"STT":1,"TM":1},"content_text":"Should one or more of the foregoing risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Cansortium and RIV Capital have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The forward-looking information and statements included in this news release are made as of the date of this news release and Cansortium and RIV Capital do not undertake any obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities laws. \n\n\n     View original content to download multimedia:https://www.prnewswire.com/news-releases/riv-capital-and-cansortium-receive-new-york-state-cannabis-control-board-approval-for-change-of-control-302273298.html \n\n\n     SOURCE RIV Capital Inc. \n\n\n     View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2024/10/c9577.html \n\n\n       /CONTACT: \n\n\n  For further information: Investor Relations Contact for Cansortium Inc.: investors@cansortiuminc.com; Media Contact: FLUENT@Trailblaze.co; Investor Relations contact for RIV Capital: ir@rivcapital.com; Media contact for RIV Capital: media@rivcapital.com; Officer contact for RIV Capital: Matt Mundy, 416-583-5945 \n\n\nCopyright CNW Group 2024 \n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 10, 2024 15:01 ET (19:01 GMT)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}