RIV Capital successfully acquires Cansortium Inc. in a strategic business combination
Acquiring Company
RIV Capital
Acquired Company
Cansortium
Toronto
TampaFinanceAgriculture and FarmingCannabisDescription
RIV Capital Inc., an acquisition and investment firm, has announced the approval of the proposed business combination with Cansortium Inc., a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand. The shareholder approval paves the way for the integration of the two companies, positioning RIV Capital as a significant player in the evolving U.S. cannabis market.
Quick answer
RIV Capital is acquiring Cansortium, announced August 27, 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.
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- RIV Capital to acquire Cansortium Inc. for strengthening multistate cannabis platform (October 10, 2024)
- RIV Capital Inc. to complete merger with Cansortium Inc. to build a leading multistate cannabis platform (August 19, 2024)
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- Maruichi Sansho forms aquaculture business division after acquiring Dainichi (October 8, 2024)
- Dark Horse Cannabis completes acquisition of Green Light Dispensary in West Helena, Arkansas (October 7, 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 27, 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 27, 2024. RIV Capital Inc., an acquisition and investment firm, has announced the approval of the proposed business combination with Cansortium Inc., a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand. 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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