Canopy Rivers Sells Interest in Italy-Based Canapar
Canopy Rivers" or the " Company") (TSX: RIV) (OTC: CNPOF), through its wholly-owned subsidiary, Canopy Rivers Corporation, has entered into a definitive share purchase agreement (the " Share Purchase Agreement"), effective as of December 30, 2020, with RAMM Pharma Corp. (" RAMM") (CSE: RAMM), pursuant to which the Company has sold its 49% common equity interest in Canapar Corp. (" Canapar") to RAMM for consideration of up to $9.0 million (the " Transaction"). Under the terms of the Share Purchase Agreement, on closing, RAMM delivered a cash payment of $7.0 million to Canopy Rivers to purchas...
Source: prnewswire.com