RIV Capital (TSE:RIV) has released an update.
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Cansortium and RIV Capital have announced a strategic business combination, expected to bolster their market presence across four key U.S. states and significantly strengthen their financial position by leveraging a combined pro forma cash balance and eliminating $175 million of debt. The deal will position the merged entity to capitalize on growth opportunities and operational efficiencies, with shareholders set to benefit from a diversified portfolio and a more robust balance sheet.
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