May. 7 at 3:52 PM
$CNPOF 🤝
$SMG merger?
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Scotts also has a stake in New York-based RIV Capital Inc. (CSE: RIV) (OTC: CNPOF), which is apparently in the late stages of a merger with another industry player.
Though he couldn’t disclose details yet, Hagedorn said, “a deal is in the works.”
“When completed, this business combination would be a transformative moment in our long-term investment strategy in this space. It would reflect movement toward what we intended with RIV, to invest in and help build a multistate cultivation and retail powerhouse, providing the best cannabis brands. The combined entity would have cultivation and dispenser operations in the most populous states with limited licenses for legalized medical, adult use, or both. As part of this transaction, we anticipate the convertible note that we now have with RIV to convert to exchangeable shares in the combined business.”
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https://www.greenmarketreport.com/potential-riv-capital-merger-gives-scotts-miracle-gro-renewed-optimism/