Cansortium (CNTMF) and RIV Capital (CNPOF) announced that they have entered into a definitive arrangement agreement pursuant to which Cansortium will acquire all of the issued and outstanding Class A common shares of RIV Capital in exchange for Cansortium Shares. Under the terms of the Arrangement Agreement, RIV Capital shareholders will receive 1.245 of a common share of Cansortium in exchange for each RIV Capital Share held. Upon closing of the Transaction, shareholders of Cansortium are expected to hold approximately 51.25% of the combined business of Cansortium and RIV Capital and the RIV Capital Shareholders and The Hawthorne Collective, together, are expected to hold approximately 48.75% of the Combined Company, each on a fully diluted basis. Key Transaction Highlights: Positioned in Key U.S. Markets: The Combined Company will be geographically diversified across the eastern U.S., spanning four key states, positioning the Combined Company to cover approximately 25% of the U.S. population. These limited license markets in which the Combined Company is expected to hold a strong position have well-staged regulatory catalysts in the near and medium term. Bolstering Balance Sheet: The Combined Company is expected to be well capitalized with a pro forma cash balance of approximately US$74 million as
