RIV Capital Inc. (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm announced Monday that the New York State Cannabis Control Board ("CCB") and the New York State Office of Cannabis Management ("OCM") approved Etain, LLC's ("Etain") change of control request.
RIV Capital Inc. is focused on building a leading multi-state platform with a strong portfolio of cannabis brands in key strategic markets in the United States. In addition, Etain, LLC is its legally licensed registered organization with cannabis cultivation and manufacturing facilities and retail dispensaries in New York State.
According to a press release, this approval clears the path for the Company to complete its previously announced acquisition of ownership and control of Etain and Etain IP LLC, as all necessary regulatory approvals have been obtained.
The final closing of the transaction remains subject …