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Cansortium Inc. Completes Acquisition of RIV Capital Inc.
Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium”) and RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) (“RIV Capital”) announced the completion of their previously announced arrangement, whereby Cansortium has acquired all of the issued and outstanding Class A common shares of RIV Capital in exchange for common shares of Cansortium. The acquisition was effected by way of a court approved plan of arrangement under the Business Corporations Act (Ontario).
Cansortium is a vertically-integrated cannabis company with licenses and operations in Florida, Pennsylvania and Texas. Cansortium operates under the FLUENT™ brand and is dedicated to being one of the highest quality cannabis companies for the communities it serves. RIV Capital is a vertically integrated cannabis company operating the Etain™ brand in New York.
Wildeboer Dellelce LLP acted for Cansortium with a team that included Jeff Hergott, James Brown, Melissa Smith, Julian Lupo and Marcus Moore (corporate/securities/mergers and acquisitions), Chris Partridge, Rachel Manno and Krystle Formhals (debt) and Mariam Al-Shikarchy (tax).
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