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Canopy Rivers Inc. (TSX:RIV) (OTC:CNPOF). The Toronto-based cannabis-focused venture capital firm opted to transfer three of its portfolio assets to Canopy Growth. Rivers will obtain $115 million in cash and 3.75 million of Canopy Growth's common shares in exchange. In addition, the Canadian cannabis giant agreed to cancel all 36,468,318 Multiple Voting Shares and the 15,223,938 Subordinate Voting Shares of Rivers it held. Transaction Details Under the arranged agreement, Canopy Growth will increase its fully-diluted conditional ownership in TerrAscend Corp. (OTCQX:TRSSF) to 21% by acquiring ...

Winnipeg Free Press By: The Canadian Press SMITHS FALLS, Ont. - Canopy Growth Corp. has signed a deal valued at $297 million that will see it give up its ownership in Canopy Rivers Inc., which it established as a venture capital firm to invest in the cannabis sector. A worker processes medical marijuana at Canopy Growth Corporation's Tweed facility in Smiths Falls, Ont., on Monday, Feb. 12, 2018. THE CANADIAN PRESS/Sean Kilpatrick SMITHS FALLS, Ont. - Canopy Growth Corp. has signed a deal valued at $297 million that will see it give up its own...