Investor Ideas #Potcasts 608, #Cannabis News and #Stocks on the Move; Interview with President and CEO of RIV Capital (CSE: $RIV.C) (OTC: $CNPOF)
Delta, Kelowna, BC, October 22, 2021 (Investorideas.com Newswire) www.Investoride, as.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2021/102221-StocksToWatch.mp3
Read this in full
at https://www.investorideas.com/news/2021/cannabis-potcasts/10221RIV-CNPOF.asp
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Today’s podcast overview/transcript:
Good
afternoon and welcome to another episode of Investorideas.com
"Potcast" featuring cannabis news, stocks to watch as well as
insights from thought leaders and experts.
In today’s podcast
Investorideas interviews Narbe Alexandrian, President and CEO of RIV Capital Inc. (CSE: RIV) (OTC: CNPOF), where we discussed the companyès
transition from Canopy Rivers Inc. to RIV Capital, the companyès recent news
and investments as well as the investment opportunities being noticed right now
in the US cannabis space.
Discussing how
Canopy Rivers transitioned into RIV Capital, Narbe Alexandrian commented, “RIV
Captial started as Canopy Rivers back in 2017, and at the time we were the
venture capital arm of Canopy Growth. By late 2017 we spun off to become our
own entity but we were still controlled by Canopy Growth through multiple
voting shares. I joined the company the summer of 2018 and we took the company
public in the fall of 2018. BY January of 2019 I was promoted to President and
then CEO by May of 2019. Fast forwarding to that May of 2019, where in my new
role, everything I was seeing was pointing towards the US market. The market is
huge, it’s underserved, there is still a lot of stigma attached to what you can
do there.So I was trying everything I could to get more US exposure before
anybody was really talking about US exposure. However at the time we weren’t
able to go there because of Canopy Grwoth’s ties to the US legalization issues
in the US. Over the next 18 months we worked to really clean up shop by
unwinding deals and structures that were made while working on a deal to get us
to the US market.”
Alexandrian
continued, “In December 2020, and we closed this in February of 2021, we sold
the interest in three of our portfolio companies for, at closing it was 380
million CAD, part of that was cash and part of that was Canopy Growth shares.
We used a portion of that to buy out Canopy GFrowth’s position and another part
of that to pay off a liability that I inherited from my predecessors. So with a
chunk of cash and no control over us, we could finally get to the US market. AS
we were looking at different acquisitions and investments, Scotts Miracle Gro
reached out to us and that lead to the strategic investment they made on their
end.”
The
Hawthorne Collective, Inc., a cannabis-focused subsidiary of The Scotts Miracle-Gro Company (NYSE: SMG) purchased an unsecured convertible
note from RIV Capital for US$150 million back in August of 2021.
“The closing of the
investment from The Hawthorne Collective comes at a key moment for RIV
Capital,” said Narbé Alexandrian, President and CEO, RIV Capital. “The ongoing
uncertainty around the status of U.S. federal cannabis legalization continues
to sideline significant amounts of capital, creating attractive acquisition
opportunities in strategic markets. We believe we are well-positioned to
capitalize on these opportunities, given our strong balance sheet and
acquisition currency, and develop our operating and brand platform.”
Alexandrian went on
to discuss where he is seeing the largest opportunities in the US, mentioning
the advantages of limited license States as well as R & D potential.
When asked about
the continued risk in the US, Alexandrian commented, “I think the biggest risk
is regulatory risk. As an example, right now New York has 10 vertically
integrated licenses that have been given out. These licenses give anybody the
ability to cultivate, extract, process and manufacture as well as create their
own dispensaries to sell their product. Each one of these licenses is worth a
lof money. But what happens when the government comes in and says, hey we did
10 and now we are going to make it into 100, what happens to the value of these
original 10 licenses? So whenever we
look at these businesses, even though they are in a state with limited licenses
where you're going to reap the benefits for maybe 3 or 4 years, we stress test
these companies and say, what does it look like if things change and you look
more like California than New York and can you survive and can you pivot?”
Narbe Alexandrian
went on to discuss some of the other potential areas of investment within the
US space, how things have changed over the last two years, how things are
expected to continue to develop, realistic expectations for federal cannabis
reform within the US as well as potential risks and benefits of a far off
globalized cannabis industry.
To find out more
information about RIV Capital, click the link here.
Investor ideas reminds all
listeners to read our disclaimers and disclosures on the Investorideas.com
website and that this podcast is not an endorsement to buy products or services
or securities. Investors are reminded all investment involves risk and possible
loss of investment.
Learn more about
our cannabis podcasts at https://www.investorideas.com/Audio/Potcasts.asp
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