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RIV Capital Inc. (CNPOF)

Other OTC - Other OTC Delayed Price. Currency in USD
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1.3100+0.0400 (+3.15%)
At close: 3:57PM EDT
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  • R
    Rocky
    Slow climb back to respectable levels looks to have started, last November we day at .90 before blowing up to $3.60… next run let’s get over $4!!
  • B
    Ben
    Canopy announced buying Wana brand (edible) .... all other MJ companies are also making moves .... we are stagnating, without news , without any prospect.....

    the argument of "oh the sector is out if favor therefore a bad time to announce a news" is a tired one and starting to sound like an excuse .

    I feel as though Narbe has my money hostage ... no volume ... no movement of stock price.... no news.... absolutely incompetent management that sold out the company to keep their job for a bit longer..... and many diluted pumpers that still take comfort in the company's "potential" like I once did.
  • S
    Sumbo
    RIV Capital is scheduled to hold its annual general and special meeting this Thursday, September 30th at 10am. Maybe someone will ask the management about the company’s investment portfolio in the USA. On my second thought, it will probably best to hold off the announcement until the end of this year since it’s unlikely will make much difference in the stock prices because of the current stock market conditions. It will probably more favorable for the cannabis stocks toward the end of the year because there’s a good chance that the senate will be voting on the Safe Banking Act around November. Just my thought.
  • K
    K
    Thought I'd share the latest research note about RIV from CIBC.

    "Our RIV Capital NAV reflects the recent Hawthorne transaction, which added US$150MM in cash and 103MM shares. Other investments are estimated at book values. Our NAV is comprised of net cash of ~$1.69/share and other investments (the largest of which are Zeakal, GreenHouse Juice, NOYA and Headset) at approximately $0.20/share. We apply a P/NAV multiple of 1.2x to our $1.89 NAV, down from 1.3x previously to reflect weaker sentiment in the space and a smaller investor base, now that RIV trades on the CSE instead of the TSX. Our price target is $2.25 (from $2.50 previously) and RIV is rated Outperformer. We believe an upcoming U.S. acquisition would serve as a materially positive catalyst for the stock.

    Our upside scenario of $4 assumes RIV could execute a transaction with greater multiple arbitrage than we expect and we assume a P/NAV of 2x.

    Our downside scenario of $1.15 assumes a P/NAV of 0.6x, which contemplates a severe decline across the sector."
  • J
    JasonTheOne
    What’s the Canadian ticker for this? My Riv.TO has been frozen at 1.50 forever
  • T
    Tom
    $CURLF conversation
    $CURLF, $GTBIF, $TCNNF, $CRLBF, $AYRWF, $CCWHF, $TRSSF, $CNPOF, $JUSHF

    Senators, show me your doing something to advance cannabis legislation .. without actually advancing cannabis legislation.
  • J
    JayW
    On my trading platform got news that CIBC sees RIV Capital and Hexo as only Outperforms - we are way undervalued and when we get some news and overall sentiment changes we should see a quick ride back to where we were earlier 2021
  • R
    Rocky
    Sediment is slowly turning back to positivity for the sector, watch out. This will move fast!
  • L
    Lotfi
    I hope the next bull run will start soon !
  • N
    NH
    New interview with Narbe. Great insights on past, present and future of RIV.

    https://seekingalpha.com/article/4455262-riv-capital-ceo-narbe-alexandrian-us-market-holy-grail-of-cannabis-video
  • J
    Jacob
    i hope narbe does an investment soon... its been a long wait the last 6 months... maybe he can invest in slang worldwide or something soon... cash balance is nice if he can make a good deal
  • R
    Rocky
    Finally some volume!
  • N
    NH
    Looks like Narbe made a $200K purchase yesterday....

    https://ceo.ca/api/sedi/?symbol=riv&amount=&transaction=&insider=
    SEDI filings for
    SEDI filings for
    ceo.ca
  • W
    William
    Extremely slow 2 weeks here. That’s part of it I guess … have a good weekend gang!
  • B
    Ben
    volume.... news.... insider trading ... CEO ... all disastrous

    stop thinking we are doing good as we aren't burning to zero like the rest... we are below zero ! trading below cash at hand ! for weeks now .

    I just hope they legalize, euphoria hits this goes to 3 and I cash out of this junk !
  • S
    Seleucus
    $SLGWF conversation
    Jacob, do you think its time to get back into River Capital? $CNPOF...I'm asking because I think their mkt cap is below their cash/investments again.
  • V
    Voice of Reason
    So what is the next significant catalyst for this company. Is it US Congressional action? More states "legalizing?"
  • W
    William
    I sold some shares a little too early today, see what happens tomorrow, hopefully I can make up for it.

    - Sold 1852 @ $1.42
    - Sold 500 @ $1.45
  • B
    Ben
    amazon is now lobbying for legalization! that should push the law makers a bit more !!