Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) Spin-Off, Canopy Rivers, Inc. (TSXV: RIV) Skyrockets 150% In Trading Debut

Canopy Rivers, Inc. (TSXV: RIV) skyrocketed 150% on Thursday, September 20, 2018, in the company’s trading debut. The Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) spin-off saw strong volume of 18.33 million shares or dollar volume of C$160.41 million, exchanged hands during Thursday’s trading.

Canopy-rivers-Logo

Canopy-rivers-Logo

Canopy Rivers, Inc. operates as a cannabis investment and operating support provider. The cannabis consulting company continues to have a close relationship with Canopy Growth Corporation. According to the company’s website, “what makes Canopy Rivers truly unique is the Company’s strategic partnership and cornerstone Investment from Canopy Growth Corporation.” Furthermore, Rivers will continue to assist Canopy Growth with being able to “identify strategic counter-parties seeking financial and/or operating support and affiliation with the Canopy Growth group of companies.”

Strong Investment Portfolio Gains Bullish For Canopy Rivers 

Canopy River’s business model allows the company to obtain pieces of early-stage cannabis companies with promising futures. Being that cannabis stocks have largely seen substantial gains in recent months, the marijuana consulting company’s portfolio has seen impressive returns.

Source: CanopyRivers.com

Source: CanopyRivers.com

Among the various top investments held by Canopy Rivers:

  • TerrAscend Corp. (CSE: TER)
  • James E. Wagner Cultivation Corporation (TSXV: JWCA) (OTC Pink: JWCAF)
  • Solo Growth

Canopy Rivers certainly has a very unique story and its very close association with Canopy Growth gives the company a major edge. Noting the strong portfolio and business model in the high-growth legal cannabis industry, Canopy Rivers should benefit from overall growth within the industry.

Disclaimer: The author and Spotlight Growth has no positions in any of the stocks mentioned in this article. Nor does either party currently have any relationship, or any other conflicts of interest, with any of the companies mentioned in this article. This content is meant for informational and entertainment purposes only and should not be meant as a recommendation to buy or sell any securities. Please visit a licensed financial representative to determine what investments are right for you.

The post Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) Spin-Off, Canopy Rivers, Inc. (TSXV: RIV) Skyrockets 150% In Trading Debut appeared first on Spotlight Growth.

Source: SpotLight Growth Canabis
Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) Spin-Off, Canopy Rivers, Inc. (TSXV: RIV) Skyrockets 150% In Trading Debut
SpotLight Growth Canabis

Matt Rego
Matt is the Founder and CEO of Spotlight Growth. Prior to launching Spotlight Growth, Matt worked six years within the investor relations industry, most recently serving as Vice President of Sales and Marketing at Global Discovery Group, Inc. In addition, Matt has been a financial writer and analyst since 2010 and investing in the stock market since 2007. Articles and content have appeared on well-known financial websites, such as: Investopedia, Google Finance, Yahoo Finance, ValueWalk, Minyanville, Seeking Alpha, CBS MoneyWatch, Investment Underground, Emerging Growth, Blasting News, GenYWealth, and more. In addition, Matt has received an honorable mention in Barrons’ and the New York Post. Matt graduated from the University of Minnesota with a Bachelor’s Degree in Finance.

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