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RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

TORONTO, Nov. 29, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), a firm dedicated to developing a leading multi-state platform with a strong portfolio of cannabis

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024

Fri, 29 Nov 2024 08:00:00 -0500

Company reports record quarterly revenue of $4.9 million

Adjusted EBITDA¹ loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets

Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida

Cansortium Business Combination anticipated to close in the coming weeks

Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

Tue, 26 Nov 2024 16:30:00 -0500

TAMPA, Fla., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium” or the “Company”), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, announced today that it has closed on a new senior secured credit agreement (the “Credit Agreement”) of up to $96,500,000 with Chicago Atlantic Admin, LLC (“Chicago Atlantic”), as administrative agent for certain lenders. The Credit Agreement bears a cash interest rate of 12.00% per annum and paid-in-kind (PIK) interest of 1.00% per annum, and is due to mature on November 26, 2028.

The Credit Agreement refinances

Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

Tue, 26 Nov 2024 16:30:00 -0500

The Credit Agreement refinances

Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

Tue, 26 Nov 2024 16:30:00 -0500

The Credit Agreement refinances

Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

Tue, 26 Nov 2024 16:30:00 -0500

The Credit Agreement refinances

Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

Tue, 26 Nov 2024 16:30:00 -0500

The Credit Agreement refinances

Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

Tue, 26 Nov 2024 16:30:00 -0500

The Credit Agreement refinances

Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

Tue, 26 Nov 2024 16:30:00 -0500

The Credit Agreement refinances

Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

Tue, 26 Nov 2024 16:30:00 -0500

The Credit Agreement refinances

Cansortium Inc. Completes New Senior Secured Credit Agreement Ahead of Planned Business Combination Closing with RIV Capital

Tue, 26 Nov 2024 16:30:00 -0500

The Credit Agreement refinances