Canopy Rivers Corporation and AIM2 Ventures Inc. (TSXV: AIMB.P) (“AIM2”) recently announced that the shareholders of the respective companies have voted in favor of all matters concerning the companies’ business combination that will result in in a reverse take-over (“RTO”) of AIM2 by Canopy Rivers. The transaction will also constitute AIM2’s qualifying transaction. AIM2 shareholders also agreed to all matters at the meeting including increasing the size of the AIM2 board, the election of all proposed board members, the name change to Canopy Rivers Inc., the consolidation of its existing common shares on a 26.565 for 1 basis, the adoption of a new stock option plan, and the implementation of a dual class voting structure, including the creation of a new class of subordinated voting shares and a new class of multiple voting shares. The approved name change, consolidation, and implementation of the new voting structure are expected to be implemented directly before the closing of the transaction. Subject to final approval of the TSXV, the close of the transaction is anticipated on or about September 17, 2018.
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About Canopy Rivers
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth (TSX: WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem. For more information, visit the company’s website at www.CanopyRivers.com.
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