RIV Capital to acquire Cansortium Inc. for strengthening multistate cannabis platform
Acquiring Company
RIV Capital
Acquired Company
Cansortium
Toronto
TampaFinanceAgriculture and FarmingCannabisDescription
RIV Capital Inc. and Cansortium Inc. have received New York State Cannabis Control Board approval for their business combination. The transaction, expected to close in the fourth quarter of 2024, aims to strengthen RIV Capital's position as a leading multistate platform with a strong portfolio of cannabis brands in key strategic U.S. markets.
Quick answer
RIV Capital is acquiring Cansortium, announced October 10, 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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- The Marygold Companies acquires 7.95% ownership stake in Midland Capital Holdings Corporation (October 24, 2024)
- RIV Capital successfully acquires Cansortium Inc. in a strategic business combination (August 27, 2024)
- Celcoin completes acquisition of CobranSaaS to enhance credit solution (November 19, 2024)
- Agrify Corporation to acquire Señorita Brand of THC Beverages to lead in the fast-growing market (November 12, 2024)
- MidFirst Bank completes acquisition of Amerant Bank Houston locations (November 8, 2024)
- Danone SA's bid to acquire Lifeway Foods (NASDAQ: LWAY) supported by Edward and Ludmila Smolyansky (November 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 October 10, 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 October 10, 2024. RIV Capital Inc. and Cansortium Inc. have received New York State Cannabis Control Board approval for their 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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