RIV Capital’s 111% Revenue Surge Amid NY Expansion, Prepares For Major Merger With Cansortium Cannabis Co.
RIV Capital Inc. (CSE:RIV) (OTC:CNPOF) reported on Wednesday financial results for the second quarter, a three-month period ended June 30, 2024.
Mike Totzke, the company’s COO and interim CEO, praised “ongoing success of our adult-use operations rollout” in New York during the quarter.
“The customer response has been strong, reflecting the years of dedication and hard work from our team,” Totzke said. “Additionally, since the appointment of David Vautrin as chief retail officer, we have enhanced our in-store retail shopping experience to best serve our growing cannabis community. We look forward to implementing these strategies further with the expected opening of two additional adult-use retail locations in New York later in 2024.”