RIV Capital Inc.

We're pleased to announce that RIV shareholders have voted in favor to approve the previously announced proposed business combination with Cansortium Inc. Approximately 98.8% of the votes eligible to be cast at the RIV Meeting were voted in favor of the Arrangement Resolution: https://lnkd.in/gPs5EWgH We also reported our financial results for the quarter ended June 30, 2024. View our results, and catch up on news: https://lnkd.in/gjzPFGcu

Today we announced an operational update highlighting our recent achievements ahead of our business combination with Cansortium Inc. Details: https://lnkd.in/eT853peN

Proud to celebrate the opening of our third co-located adult use cannabis retail store located in Kingston, New York. This medical store has been serving the greater Kingston community for over 8 years. The recently renovated dispensary features a robust portfolio of new products across all categories, a flower bud bar, electronic point of sale displays and tablets containing the full product menu for quick and efficient purchases. Special thanks to the Ulster County Regional Chamber of Commerce, Suzy Reavy Town of Ulster Town Clerk, Jess Davis and the balance of the team for joining and supporting in today’s ribbon cutting. Our Kingston store is conveniently located right off the New York State Thruway and nestled within the pristine Catskill Mountain area. Kingston is home to a booming artistic scene and near the historic Woodstock and Bethel Woods area. Thanks to our team and some of our many new brands including but not limited to Dank, ayrloom, MFNY, Kiva, Jaunty, Nanticoke, Revert. 

Today we announced a distribution partnership agreement with NABIS, a leading wholesale platform in the cannabis industry. Nabis's technology and expertise will facilitate distribution of RIV's branded products to licensed retailers across New York state. Details: https://lnkd.in/gnQJj6CK

Proud to celebrate the opening of our second co-located Etain adult use dispensary located on East 58th street in the heart of one of Manhattan’s most dynamic neighborhoods, between 2nd and 3rd Avenue. Expect the same premium experience you've come to expect from our medical dispensaries, with the expanded and specially curated menu selection of 200+ adult use items as well as a newly upgraded retail store with many new features. Special thanks to our team and some of our many new brands including Dank, ayrloom, MFNY, KIVA, Jaunty, Nanticoke, Revert. Thank you to Rob Byrnes from the East Midtown (eastmidtown.org) for joining our CRO, David E Vautrin and the team for today’s ribbon cutting.

Today we announced that we have received New York Cannabis Control Board approval for our previously announced business combination with Cansortium Inc. Details: https://lnkd.in/eV3iWk-u

Today we announced that Etain has commenced co-located adult-use sales at its existing medical dispensary located in Kingston, NY, our third adult-use dispensary in the state! https://lnkd.in/gez8hRR4

I’m honored to be appointed by the Board of Directors as Interim CEO of RIV Capital Inc. https://lnkd.in/e89d5uKW Over the past several months as the CRO, we have been driving revenue growth, strengthening our retail operations and expanding our wholesale business across the state while also optimizing the business. I feel great about the current trajectory and could not be more excited about the opportunities ahead. Drawing from my experience with The Travel Agency: A Cannabis Store in New York and my time at CannaRoyalty in California, I see tremendous parallels that position us for success. As Operating Partner, I was deeply involved in the concept and launch of The Travel Agency at Union Square, Fifth Avenue and later Brooklyn, where I drew on my California cannabis experience and national relationships cultivated through my successful west coast journey with CannaRoyalty. I joined CannaRoyalty at its inception, and as the company’s first employee and executive, we built an incredible team, established infrastructure, scaled manufacturing, acquired cultivation and rebranded to Origin House. Our relentless execution enabled us to develop the largest distribution network in California, serving over 500 retail locations. After leveraging the tremendous momentum, and establishing ourselves as an early-stage MSO, we were acquired by  Cresco Labs. As a native New Yorker, I couldn’t imagine a more perfect opportunity to apply my multifaceted experience to yet another burgeoning cannabis market. Furthermore, I’m thrilled to work directly with the talented team at Cansortium Inc. and its exceptional executive leadership as we move towards the anticipated merger under the FLUENT Cannabis brand. Together, we will operate 42 locations across Florida, Texas, Pennsylvania and New York, positioning us for an exciting future.

Today, we announced the appointment of David E Vautrin as our interim Chief Executive Officer. Details: https://lnkd.in/etyzQF8t

Etain has officially opened its second adult-use location in New York, located in the heart of midtown Manhattan! To celebrate the launch, a grand opening event will take place on October 16. More details: https://lnkd.in/gQcfi8GK