Cansortium and RIV Capital Announce Business Combination
Cansortium and RIV Capital Announce Business Combination
Today marks a momentous day for Etain and RIV, as we have entered into a definitive agreement with FLUENT, a vertically integrated, multi-state cannabis company with operations in Florida, Pennsylvania, and Texas. We believe that joining forces with FLUENT will enhance our capabilities and ultimately create more opportunities for success. This combination represents a strategic move where the combined company will have operations in four of the most populated states in the country, with 8 cultivation and manufacturing facilities and 42 retail dispensaries, marking a significant milestone in our journey of growth and expansion. Daily operations in New York will continue to be focused on expanding the adult use and medical markets. New York is the first and currently the only adult use market in the combined footprint of the two companies. Our learnings in New York’s adult use market will provide great insights as we prepare for Florida and Pennsylvania anticipated transition into adult use in the near future. We are confident this merger will provide opportunities for both companies to learn from each other, including Etain’s ability to learn from the scale that Fluent has built in Florida. This is an exciting time that will bring growth opportunities for our team, our customers and our patients, and our products. A press release of this announcement with more information can be found HERE