In a pivotal first quarter, RIV Capital Inc., a cannabis-focused acquisition and investment firm, has released its financial results, showing significant growth ahead of its proposed merger with Cansortium Inc. The company, which launched its recreational cannabis operations in New York, reported net revenues of $2.1 million and a gross profit of $613,000, marking substantial increases from the previous year’s period. The merger is expected to create a four-state cannabis operation covering 25% of the U.S. population with extensive cultivation and retail facilities. The announcement comes as RIV Capital preps for the 19th Benzinga Cannabis Capital Conference in Chicago.

Cannabis, Investment,United States, Canada