RIV Capital's 111% Revenue Surge Amid NY Expansion, Prepares For Major Merger With Cansortium Cannabis Co.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2024
0mins
Should l Buy ?
Source: Benzinga
Financial Performance: RIV Capital Inc. reported a 111% year-over-year increase in net revenue for Q2 2024, totaling $3.8 million, despite a gross loss of $1.6 million and a net loss of $8.3 million.
Strategic Developments: The company is enhancing its retail operations in New York and preparing for the merger with Cansortium Inc., which will expand its presence across four states and significantly increase its market reach.
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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.
