Canopy Rivers, the corporate venturing unit spun out of cannabis grower Canopy Growth, has gone public through a reverse merger.
Canopy Rivers, the corporate venture capital spinout of Canada-based medical marijuana producer Canopy Growth, went public on Thursday on the TSX Venture Exchange through a reverse merger with shell company Aim2 Ventures.
The company’s shares opened at C$8.25 ($6.39) on Thursday before briefly reaching a peak of C$9.70. They closed at C$7.75 on Friday, giving Canopy Rivers a market cap of C$1.04bn ($805m).
Founded in April 2017, Canopy Rivers focuses on companies throughout the marijuana supply chain, pursuing traditional equity…
