Riv Capital Inc. (TSE:RIV) has released an update.
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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.
For further insights into TSE:RIV stock, check out TipRanks’ Stock Analysis page.
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