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RIV Capital Inc. (CNPOF)

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1.0510-0.0290 (-2.69%)
At close: 03:57PM EST
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  • B
    Ben
    dear Narbe just liquidate and give us the cash , it'll be much better than the price today .

    or buy some instead of selling.

    or just say something so we know you are ok and still go to work daily .
  • M
    Mick
    Narbe has done 2 things correct. 1) sold canopy 🙏 2) has us in cash 🙏🙏
  • M
    Mick
    ScottsMiracle-Gro Expands Hawthorne Gardening Portfolio with Acquisitions of Luxx Lighting and True Liberty BagsScotts Miracle-Gro Company (The)Tue, January 4, 2022, 4:45 AMIn this article:SMG-2.25%Company reaffirms full-year guidance for adjusted EPS; lowers sales outlook for HawthorneMARYSVILLE, Ohio, Jan. 04, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world?s leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced it has acquired Luxx Lighting in a transaction that significantly strengthens The Hawthorne Gardening Company?s industry-leading lighting portfolio. The Company also said it has acquired True Liberty Bags, the industry?s leading provider of liners and storage solutions to dry and cure plant products.?These strategic acquisitions reinforce our commitment to provide commercial cannabis cultivators in state-authorized markets with a complete set of solutions driven by insight and innovation,? said Chris Hagedorn, division president of Hawthorne. ?While the cannabis market continues to see near-term challenges from an over-production in recent months, we see the current reality as an opportunity to further distance ourselves from the competition and strengthen our business for long-term success.?The True Liberty transaction gives us our first offering in this niche market, however, the acquisition of Luxx bolsters a lighting portfolio that is now several times larger and more diverse than our nearest competitor. Luxx has deep roots in the cannabis industry with lights that were designed, tested and refined in collaboration with the team at Jungle Boys, a company run by a group of some of the best cannabis cultivators in the world. We look forward to an ongoing relationship with Jungle Boys to support the sales and marketing efforts of the Luxx brand.?Luxx joins a product lineup that also includes the Gavita and Sun System brands and provides the opportunity for significant cost synergies and process improvements across the portfolio that will be disclosed in greater detail in the weeks ahead, Hagedorn said.ScottsMiracle-Gro acquired the assets of Luxx for $215 million. Hawthorne, which previously did not distribute Luxx, will expand the marketing and distribution of the brand in emerging markets, including the East Coast. The acquisition, which closed December 30, 2021, adds approximately $100 million in sales and $20 million in operating income to Hawthorne on an annualized basis. While approximately $75 million of revenue from Luxx is expected in the remainder of fiscal 2022, the transaction is expected to be neutral to earnings for the year due to the impact of purchase accounting and one-time deal costs.True Liberty, which was acquired for $10 million, introduced storage solutions directly to the hydroponic market, developing a full offering of liners and storage solutions to dry and cure plant products. Hawthorne has been the primary U.S. provider of True Liberty brands, which expands Hawthorne?s harvest portfolio.These deals follow the August 2021 acquisitions of HydroLogic Purification Systems, which moved Hawthorne into the water reclamation and purification category, and Rhizoflora, whose industry-leading Terpinator and Purpinator brands expanded Hawthorne?s nutrient offering.Separately, ScottsMiracle-Gro said it is maintaining its full-year company-wide outlook for adjusted earnings per share despite a greater-than-expected decline in Hawthorne sales for the fiscal first quarter, which ended January 1. First quarter sales in Hawthorne are expected to decline approximately 40 percent caused by a slowdown in the cannabis market as well as supply chain disruptions that have delayed the sale of certain product lines.?We are optimistic the supply chain disruptions we?ve experienced will be corrected by the end of January and we?ll be able to meet the continued demand we?re seeing for our industry-leading signature products,? said Cory Miller, chief financial officer. ?We?re also encouraged by the year-over-year increase we?ve been experiencing in pre-orders for growing media products for delivery to commercial growers in the second and third quarters. However, the decline we?ve seen in the first quarter, against a 71 percent growth comparison a year ago, is greater than we had anticipated. Based on our current view of the market, we are lowering our full-year sales guidance for Hawthorne to a range of 0 to minus 10 percent on a year-over-year basis, including the expected benefit from Luxx. This range assumes a return to growth during the second half of the year.?The Company said its U.S. Consumer segment continues to perform well with #$%$ growth in both dollars and units in every major product category and continued support in all retail channels.
  • L
    Lotfi
    I am started to become very frustrated honestly with not just RIV but the entire sector: a lot of stocks are trading below or at P/B Ratio …. When is the sector going to come back ? maybe 2022 will be a wash...
  • B
    Bill
    Scott’s and Hawthorne not allowing Riv to invest in anything Federally illegal has basically put Riv out of the marijuana business. So what business are we in?
  • B
    Bill
    Sumbo, I’m not happy with the performance of either of the two stocks. But when looking at performance of management you see why I made my choice. I just wish RIV would give shareholders some insight to their business plan. Doesn’t really matter I guess I’ll be holding both long term
  • H
    H3I$3NB3RG
    No news since November of last year. Narbe is just sitting on your money lol
  • B
    Bill
    Hey Sumbo,
    You sound like an astute investor.
    If you invested 11,000. Today in AUSA close to historical low. Every penny it goes up is a $1,000 gain. I’m at 200,000 shares now am I crazy?
  • W
    William
    It’s unlikely that pot legalization will occur in 2022 in the U.S. due to all the issues that require consideration in such a large bill (taxes, interstate commerce, and what rules the Food and Drug Administration will create). This complexity makes it likely that 2022 won't be the year of large-scale reform. Many CEOs in the industry agree. Whether it even happens during President Biden's term is questionable.

    The good news is that even if marijuana legalization is years away, investors can still position themselves for major returns today. Investing ahead of legalization is still smart.
  • L
    Luke
    Shareholders would benefit if this company just liquidated and gave us the book share value per share.
  • B
    Ben
    can we all agree on a few things at least.... 1) it's been frustrating to invest in a company that's been on a downhill for sometime and there us absolutely no effort from management to serve the share holders (no news , no insider buying , nothing)
    2) management's has proven unable to lead us to prosperity, their strategy seem to be joining a bigger fish to act as their arm at best ... not something any of us envisioned when canopy broke up with us.
    3) Narbe is gotta go , he is unprofessional (on social media) and by no means a child prodigy that perhaps some thought when he became the CEO. we need a visionary at this turbulent times. Narbe js way over his head. remember OMERS is highlight of his career (if I remember correctly) , but it's interesting to note that OMERS js not a publicly traded company and it doesn't play by the same rules .....

    Do you think it's time to vote him out ?
  • H
    H3I$3NB3RG
    Wonder when the rug pull will be?
  • B
    Bill
    Sumbo I replied to your question about firing on all cylinders
  • J
    Jeff
    My worst performer. Just radio silence and a steady drop regardless or market movement
  • W
    William
    Added
  • H
    H3I$3NB3RG
    When will RIV actually put out news? No news since November.
  • -
    -G
    Hey RIV people. Been a while since I last checked in here. I haven't been as up to date on this as I used to be, however I do recall management saying they would tell us where they are going to deploy capital in the US before the end of 2021. Is that still on the table or have they retracted that guidance?
  • B
    Ben
    on a Green day across the board this stock is traded below cash at hand .... not a good feeling ... investors seem to become dangerously frustrated 😠
  • D
    Don
    With the safe banking not going though Congress companies will need cash.
    This should put us in a great position for investment.
  • H
    H3I$3NB3RG
    According to crunchbase: The Hawthorne Collective has made 2 investments. Their most recent investment was on Aug 16, 2021, when Dewey Scientific raised $3.2M.
    The Hawthorne Collective has had 1 exit, which was RIV Capital.