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Canopy Rivers announces grant of options

TORONTO, June 13, 2019 /CNW/ - Canopy Rivers Inc. ("Canopy Rivers" or the "Company") (TSXV:RIV.V - News) (OTC:CNPOF - News) has granted incentive stock options under the Company's stock option plan to certain officers to purchase a total of 1,263,000 subordinate voting shares at a price of $3.87 per subordinate voting share. The options are exercisable for a period of five years, subject to the policies of the TSX Venture Exchange.

About Canopy Rivers:

Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem.

 

Cision

View original content:http://www.prnewswire.com/news-releases/canopy-rivers-announces-grant-of-options-300866936.html

SOURCE Canopy Rivers Inc.


View original content: http://www.newswire.ca/en/releases/archive/June2019/13/c4714.html