RIV Capital Partners With Cannabis Wholesale Platform Nabis To Boost New York Distribution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
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Should l Buy ?
Source: Benzinga
Partnership Announcement: RIV Capital Inc. has entered a distribution partnership with Siban Holdings, Inc. (Nabis) to enhance the distribution of its cannabis products to licensed retailers in New York, aiming to streamline operations and expand market reach.
Market Growth Context: This agreement follows recent regulatory approvals for RIV's merger with Cansortium, positioning the company to leverage New York's growing legal cannabis market, which saw significant sales growth in Q3 2024.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
