Riv Capital Inc. (TSE:RIV) has released an update.
RIV Capital Inc., an acquisition and investment firm, has reported a net loss of $47.3 million for the quarter, attributed mainly to non-cash impairment charges, while holding a strong cash position of $81.9 million. The company’s subsidiary Etain has launched its first adult-use and medical cannabis dispensary in White Plains, New York, following the approval to transition into adult-use operations, and plans further expansion with two additional dispensaries. These developments align with the company’s strategic growth initiatives and take advantage of the evolving regulatory environment in New York.
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