RIV Capital Inc. to complete merger with Cansortium Inc. to build a leading multistate cannabis platform
Acquiring Company
RIV Capital
Acquired Company
Cansortium
Toronto
TampaFinanceAgriculture and FarmingCannabisDescription
RIV Capital Inc. and Cansortium Inc. provide an update on the integration activities underway, preparing for the completion of the business combination. The merger aims to position the combined company as a leader in the exciting growth markets in the U.S., with a focus on driving growth and profitability by leveraging core strengths.
Quick answer
RIV Capital is acquiring Cansortium, announced August 19, 2024. RIV Capital is based in Toronto, Ontario, Canada.
- How much did RIV Capital pay for Cansortium?
- The deal value was not disclosed.
- What does RIV Capital do?
- RIV Capital is an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of cannabis brands in key strategic U.S. markets.
- Where are RIV Capital and Cansortium based?
- RIV Capital is based in Toronto, Ontario, Canada. Cansortium is based in Tampa, Florida, United States.
Source: Fundz verified event record.
Other recent acquisitions in Finance and Agriculture and Farming
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- Verano completes acquisition of Arizona and Virginia Subsidiaries of The Cannabist Company, Becomes Exclusive Cannabis Operator for HSA 5 in Eastern Virginia and Strengthens Arizona Footprint (August 22, 2024)
- RIV Capital successfully acquires Cansortium Inc. in a strategic business combination (August 27, 2024)
- 121 Finance Pvt. Ltd. acquires AcceptMyInvoice.com to strengthen Trade Credit (October 3, 2024)
- General Atlantic completes acquisition of Actis to expand its sustainable infrastructure business (October 2, 2024)
- Once Again acquires California-Based Big Tree Organic Farms to expand product offerings (October 1, 2024)
- Beacon Pointe Advisors completes acquisition of Bridge Advisory and Charleston Investment Advisors, Further Expanding Presence in Southern California and South Carolina (October 1, 2024)
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Frequently asked
Who acquired Cansortium?
Cansortium was acquired by RIV Capital, based in Toronto. The deal was reported on August 19, 2024. RIV Capital is an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of cannabis brands in key strategic U.S. markets. RIV Capital is privately held and operates in Finance.
When did RIV Capital acquire Cansortium?
RIV Capital's acquisition of Cansortium was reported on August 19, 2024. RIV Capital Inc. and Cansortium Inc. provide an update on the integration activities underway, preparing for the completion of the business combination. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Cansortium do?
Cansortium Inc. is a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand. It is privately held, operating in Agriculture and Farming, and is based in Tampa.
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