RIV Capital Inc (RIV)

[mx10001]

Hello out there. (echo: hello, hello, hello)

Not a single post in a month as CNPOF takes off.

[mx10001]

I used to use TDA. Now I just buy my MJ stocks at the 99 Cents store. :)

[MustBeTheTruth]

2-Time NBA Champ Kevin Durant Becomes Latest Celebrity Athlete to Enter the Blooming Cannabis Industry
https://www.thecannabisinvestor.ca/2-time-nba-champ-kevin-durant-becomes-latest-celebrity-athlete-to-enter-the-blooming-cannabis-industry/

[mx10001]

Not new, but don't see this posted and last comment here was 2 weeks ago.

Kevin Durant And Rich Kleiman Join A Cannabis Company
Javier Hasse

DETROIT, MICHIGAN -
NBA star Kevin Durant and Rich Kleiman’s VC firm, Thirty Five Ventures, is joining Canopy Rivers’ strategic advisory board, marking its second cannabis-related venture, following its investment in Dutchie earlier this year.

As per the deal with Canopy Rivers, Thirty Five will collaborate with the investment company affiliated to Canopy Growth as it continues its global expansion and further develops its portfolio. The publicly traded investment firm will also seek to co-invest with Thirty Five in marijuana-related companies. The idea is to leverage Durant, Kleiman and his team’s “experience in brand development, marketing, and the sports and entertainment industry,” a Canopy Rivers spokesperson said.


Rich Kleiman explained his main reason for picking Canopy Rivers as a partner was the company’s “data-backed approach to map out forward-looking opportunities in the industry.” He noted they look forward to working with “some of the most disruptive founders in the space.”

“We’ve recognized that Canopy Rivers has taken a data-backed approach to map out forward-looking opportunities in the industry.”

On Canopy Rivers’ end, it’s all about being focused, Narbé Alexandrian, president and CEO of Canopy Rivers, said in an exclusive conversation. While “many companies are focusing on being everything to everyone,” Canopy Rivers has been collecting data on consumer behavior, and has concluded that cannabis is becoming an industry of niche segments, including sleep, recovery, sports, and wellness.

See Also: Alkaline Water To Expand CBD Offering With AQUAhydrate Acquisition, Deal With Mark Wahlberg And Sean ‘Diddy’ Combs

“We wanted to partner with a company that shares this vision for the cannabis sector and that’s how we landed on Thirty Five Ventures,” Alexandrian explicated. “Their experience in venture capital, particularly investing in specialized companies that are the best at one or two things, knowledge of sports and entertainment, and success in CPG investments were all big factors. We believe that by working together we can achieve more.”

“On top of their venture capital success, Kevin Durant’s career in professional sports, and Rich Kleiman’s expertise in the sector, are absolutely things we hope our portfolio benefits from.”

The Thirty Five team joins Canadian Council of Innovators’ John Ruffolo, who also founded OMERS Ventures; Imperial Brands’ former co-head of M&A Meg Lovell; Campbell Canada’s former president Philip Donne; and Breakthru Beverage Canada’s regional president Julian Burzynski, on Canopy Rivers’ board. Thirty Five will not have one specific representative on Canopy Rivers’ board, but will rather leverage its team’s collective experience – the team includes investors, marketing and PR professionals, and sports and entertainment experts.

Not intending a pun of any kind – here’s why I mostly disapprove of puns in cannabis stories, I asked Alexandrian how his company planned to leverage the extremely high profile of celebrity baller Kevin Durant.

“We’re excited to leverage that experience as we work towards raising the potential of the global cannabis industry,” he said. “On top of their venture capital success, Kevin Durant’s career in professional sports, and Rich Kleiman’s expertise in the sector, are absolutely things we hope our portfolio benefits from. When we look at consumer brands, we see that high performance athletics as one area that is full of opportunity, and we look forward to the expertise the Thirty Five team brings in that regard.”

[price_and_volume]

"trying to form a bottom"

Obviously US politics gave us a push this week...

https://seekingalpha.com/article/4308454-chronically-corrective-cannabis-stocks-trying-form-bottom-video

[jaxdawson63]

Yes, things are starting to roll just like we all predicted, but we still have a wee bit to go before I have a full moon smile on my face. The senate will be the gauntlet and a few but not all of the rhinos are behind this, so time will tell. I still like the fact that progress is being made but at a snails pace. :) in saying this, I still believe we could be presently surprised.

Go RIV!!! It’s time to stoke the fire, anyone for s’mores? Because it’s getting cold! in there them woods. Lol

JAX

[OSOROJO]

https://cannabis-investment-group.com/2019/11/20/terrascend-announces-strong-revenue-growth-and-margin-improvement-for-the-third-quarter-of-2019/

[OSOROJO]

House panel passes bill to decriminalize pot
Nov. 20, 2019 1:05 PM ETCanopy Growth Corporation (CGC)By: Douglas W. House, SA News Editor
The House Judiciary Committee, controlled by Democrats, has voted 24-10 in favor of a bill to decriminalize marijuana on the federal level. Several Republicans on the committee backed the bill as well, dubbed the Marijuana Opportunity Reinvestment and Expungement ((MORE)) Act.
The legislation, if enacted, will also expunge prior marijuana convictions, encourage resentencing hearings for people still under supervision and establish a 5% sales tax on marijuana products aimed at funding grant programs to provide job training, legal aid and other services to people ensnared in the War on Drugs.
The MORE Act has more than 50 co-sponsors in the House.
The going will undoubtedly be slower in the GOP-controlled Senate. Democratic Senators Kamala Harris ((CA)), Cory Booker ((NJ)) and Elizabeth Warren ((MA)) are supporters.

[price_and_volume]

IBD: article on MJ stocks:

Marijuana Stocks Are Tumbling — Are Any Good Buys Right Now?

TL;DR -

1. Cannabis, CBD & Hemp stocks are worth watching
2. MJ Stocks are in freefall, making 52wk or all time lows; none are currently 'basing'
3. If buy setups occur, get onboard, but BE QUICK TO CUT LOSSES
4. "Bottom Line: MJ stocks are not a good buy currently"

Does any of the above matter to folks here, or in other MJ stocks? Beats me, but the article is worth a quick look IMO.

We watched MJ stocks one year ago looking for buy signals, which we DID get. But the monster-reversal downward has been tough on those who HODL without much thought or action when fortune turns.

CNOPF remains my go-to, and one signal I wait for is RSI(30) below 30. We're getting there... at which point it gets interesting again.

GLTA!

[Alwaysbmikki]

Thank you sir! I am not selling any of this or my other MJ/CBD stocks. This is a gift but only for long term investors. Best wishes

[jaxdawson63]

Yes I predicted.89 cents, I see this going to .70 or .60 which is where I’ll be looking to take another bite of shares out of the market only because of the ACB article. It’ll redefine it’s self and lay dormant and hibernate until signs of profits in the Q1 of 2020. This is a great buy everyone, be sure to not miss the boat. Rolling down the RIV Baby! This is where it’ll separate the kids from the grownups.
Happy hunting all!

JAX

[Alwaysbmikki]

This my last holding that I need to average down. Blue lite sale across the board for me. I know one thing if this sector ever turns around , I will be a Bill Gates LMAO GLTA longs

[mx10001]

Nice recovery this afternoon. Doubled my holdings earlier on the insane drop.

[jaxdawson63]

Thanks Happy! :)

JAX

[Alwaysbmikki]

SALUTE

[happyglass]

Doesn’t that equate to low overhead and “good business”? They do not make anything. They loan money to weed companies. They are in a very good position right now, the industry is hungry for cash and rivers, according to Mr Alexandrian has 80 million dollars to deploy. This is a way for me as a retail investor to have access to private companies. There was an excellent live interview with him on Midas letter just last week. I am unable to post right now but I will put a link up when I am able and if the techno gods are kind :)

[TREND1]

Number of Employees 16

[happyglass]

Drake joining the Canopy cannasphere may be just what we need right now

[price_and_volume]

WSJ: "Pot Industry is Scrambling for Cash"

https://www.wsj.com/articles/the-pot-industry-is-scrambling-for-cash-11572868803

[happyglass]

Excellent info! Thank you!

[Alwaysbmikki]

Infographic: Cannabis Venture Capital Highlights from July-October 2019. A lot has happened in cannabis since July 2019. That’s why the team at Canopy Rivers decided to dive deep into data powered by Pitchbook to examine some big trends at the intersection of venture capital and cannabis. With the Cannabis Venture Capital Infographic, we hope to provide more clarity on private capital financing as the industry evolves.
So, what are the highlights?

https://www.canopyrivers.com/deep-end/cannabis-venture-capital-infographic-july-october-2019?mc_cid=1501546c0e&mc_eid=f611940000

[jaxdawson63]

Bring it!!! CCR, it’s Revival Time!!!!
Lol
JAX

[Alwaysbmikki]

IDK, but this is pretty sweet: Canopy Rivers has invested $10 million in Radicle. Canopy Rivers currently owns 24% of Radicle on a fully diluted basis and also receives a long-term royalty cash flow stream from Radicle with a minimum annual payment of $900,000 over a 20-year term. More information on Canopy Rivers' investment in Radicle can be found in Canopy Rivers' management's discussion and analysis of financial results, dated August 26, 2019.

GLTA longs

[happyglass]

I wonder how many insider shares there are and the timing of them being for sale is?

[Alwaysbmikki]

Market like this news from yesterday !
TORONTO, Oct. 24, 2019 /CNW/ - Canopy Rivers Inc. ("Canopy Rivers") (TSX: RIV, OTC: CNPOF), a venture capital firm specializing in cannabis, today announced that its portfolio company Radicle Medical Marijuana Inc. ("Radicle") has received approval for oil sales from Health Canada. This additional licence allows for the development and sale of new cannabis products, including cannabis oil and concentrates. This opens the door for Radicle's medical patients to access other product forms in the company's craft cannabis selection.

[Etailer]

Hi Tico,

I would not consider myself well versed in Canopy Rivers and just bought shares since it was so cheap to me at the time. It's dropped 25% since then. I'm still holding for the long term.

[Wo]

Canopy Rivers to Report Second Quarter Fiscal Year 2020 Financial Results and Host Earnings Call

https://www.prnewswire.com/news-releases/canopy-rivers-to-report-second-quarter-fiscal-year-2020-financial-results-and-host-earnings-call-300942112.html

TORONTO, Oct. 21, 2019 /PRNewswire/ - Canopy Rivers Inc. ("Canopy Rivers" or the "Company") (TSX: RIV, OTC: CNPOF), a venture capital firm specializing in cannabis, will report its second quarter fiscal year 2020 financial results before markets open on Thursday, November 14, 2019. The Company's unaudited condensed interim consolidated financial statements and management's discussion and analysis of financial results for the six months ended September 30, 2019 will be available on the Company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on the Company's website at www.canopyrivers.com/investors/financials-and-public-filings.

Certain preliminary financial information pertaining to the Company may also be found in the financial results released by Canopy Growth Corporation (TSX: WEED,NYSE: CGC), which are currently scheduled to be released on November 14, 2019. All financial information with respect to the quarter pertaining to the Company in the financial results of Canopy Growth Corporation are preliminary and are unaudited and subject to change and adjustment as the Company prepares its consolidated financial statements for the six months ended September 30, 2019. Accordingly, investors are cautioned not to place undue reliance on the preliminary financial information. The preliminary financial results constitute "forward-looking information" within the meaning of applicable Canadian securities laws and are subject to a number of risks and uncertainties. Actual results may differ materially. See "Forward-looking Statements".

Following the release of its second quarter fiscal year 2020 financial results, Canopy Rivers will host a conference call and audio webcast with Narbe Alexandrian, President and CEO and Eddie Lucarelli, CFO at 10:00 AM Eastern Time on November 14, 2019.

Webcast Information
A live audio webcast will be available at:
https://event.on24.com/wcc/r/2114597/A2BD47FA291CA7E2389E0AF0D5A10450

Calling Information
North America Toll Free Dial-In Number:
Conference ID: ([phone]

Replay Information
A replay of the call will be accessible by telephone until 11:59 PM Eastern Time on February 14, 2020.
Toll Free Dial-in Number: ([phone]
Replay Password: 448969 #

[jaxdawson63]

Wait for it ;)

JAX

[Alwaysbmikki]

Run baby run! eom

[price_and_volume]

MJ downcycle painful. Here's more FUD:

From WSJ - "The party is over for cannabis companies."

link to free article

[TacoTico]

Etailer, I've been following a couple of your picks. Where do you see this one long term pps?

[happyglass]

The more I hear from Mr Alexandrian the more comfortable I am holding this stock

[OSOROJO]

http://www.bnnbloomberg.ca/canopy-rivers-eyeing-biosynthesis-investment-1.1325576

[Alwaysbmikki]

I am with you I am in for the long term, buying the big dips and checking once a week. GLTA longs

[OSOROJO]

https://apple.news/AriDLvPqNTQy-yNyXLndMEw

[jaxdawson63]

I agree guy’s, this is such an excellent and amazing buying op! I’m waiting a little it more and then I’ll pull the trig :)

JAX

[happyglass]

I have reorganized my holdings to include small cheap companies who’s announcements include “have” and “are” rather than “should” or “will” the time for execution is at hand and Im not interested in folks who are applying for licenses and facilities. I want companies that have licenses and direction and are just waiting for the market to catch up. I could be very wrong but I am betting not.

[happyglass]

Me too :) I still love Rivers but there are many with very good potential. Patience is needed in the entire space but it will be worth it! IMO too ;)

[Alwaysbmikki]

I averaged down what I could, even bought a new company . The good news in this market sickness is you can buy anything MJ for blue light prices! Get them while you can because I don't think this sale will last forever! IMHO n I know jack!

[happyglass]

Upturn soon?
https://theseedinvestor.com/marijuana-investing/with-marijuana-stocks-at-low-tide-the-bankers-swoop-in

[Wo]

Canopy Rivers Inc. Opens the Market

https://www.newswire.ca/news-releases/canopy-rivers-inc-opens-the-market-805457162.html

NEWS PROVIDED BY
TMX Group Limited
Sep 24, 2019, 10:57 ET


TORONTO, Sept. 24, 2019 /CNW/ - Narbe Alexandrian, President & Chief Executive Officer, Canopy Rivers Inc. (RIV), joined Rob Peterman, Vice-President, Global Business Development, Toronto Stock Exchange & TSX Venture Exchange, to open the market. Canopy Rivers is an investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers Inc. graduated and commenced trading on Toronto Stock Exchange on September 9, 2019.

[price_and_volume]

Is Vaping causing cannabis-related stocks to suffer?

Many of us are looking at MJ charts wondering if the selloff and potential double-bottoms are offering a LONG re-entry point.

The question is, is VAPING just FUD? Or is it having a REAL IMPACT? I don't know, but ran across this article today. Possibly it's 'old-news' to many of you who follow MJ stocks daily. I mainly look at charts so haven't been too interested for many months for obvious reasons...

How Vaping Relates to Cannabis

"US Centers for Disease Control and Prevention activated its Emergency Operations Center to discover the source of the vaping-related deaths. CDC Director Robert Redfield noted, “CDC has made it a priority to find out what is causing this outbreak of e-cigarette or vaping-related injuries and deaths.”

At a federal level, there is a possibility that the Trump administration might consider banning vaping altogether."

** NOT BASHING! ** I like MJ long-term, but imo 'the space' got way over-popular & over-crowded late in the game, and I've been patiently waiting for those late-losers to exit before the next legs higher.

[happyglass]

So how does rivers innovations get sold to a private company and how do the shareholders of rivers track the benefit/loss of the deal? Particularly when, as soon as the deal closes Bruce starts with Wolverine/ Gauge?
https://ca.finance.yahoo.com/news/wolverine-partners-corp-change-name-113000975.html

[jaxdawson63]

Yep :)

JAX

[jaxdawson63]

Nice charting slick$

JAX

[nowwhat2]

Nice try Narbe Alexandrian, president and CEO !....



He-he- Nice try Narbe-man !





Meanstwhile let's view SENTIMENT !


$ 15 = WEED $36.....A rising tide should lift most (many) boats




$ 15 = WEED $36.....






$ 15 = [color=red]WEED $36.....[/color

[happyglass]

I agree. Those who dwell on nothing but profit will be disappointed long term. How can you evaluate the outcome using the end metric.

[Alwaysbmikki]

Narbe Alexandrian, president and CEO of Canopy Rivers (TSX:RIV,OTC Pink:CNPOF), thinks the market is a little too focused on profits right now, even though the marijuana play is at an early stage.
https://investingnews.com/daily/cannabis-investing/canopy-rivers-ceo-market-prematurely-looking-profitability/?utm_campaign=cityfalcon&utm_medium=cityfalcon&utm_source=cityfalcon

[happyglass]

The insets do give perspective for sure! I do truly appreciate your insights it is an interesting time.

[nowwhat2]

Well ? We've / they've succeeded (or have kind of I guess)....

I Hub has now made "the transition" !.....Thanks !





Then we could return to compiling charts like this :



I feel it's important to be able to do that


Too bad we can't use this https://investorshub.advfn.com/Canopy-Rivers-Inc-CNPOF-36453/ to compose something similar !



Hey I Hub could you restore that CNPOF ?


Because THEN I/we could combine I Hubs charts with say - THIS (just as we/I did in that chart up above)





LoL - I know - That'd be asking a LOT......but hey, y'a never know !