RIV Capital Reports Financial Results for the Third Quarter Ended September 30, 2024
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RIV Capital reported a record quarterly revenue of $4.9 million for Q3 2024, with an improved adjusted EBITDA loss. The net loss was mainly due to a non-cash pre-tax impairment charge on intangible assets. The company ended the quarter with $50.7 million in cash, supporting growth in New York and Florida. A business combination with Cansortium is expected to close soon.
November 29, 2024 | 1:15 pm
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RIV Capital reported record revenue and improved EBITDA loss for Q3 2024. The company has $50.7 million in cash to support growth in key markets. A merger with Cansortium is anticipated to close soon.
The record revenue and improved EBITDA loss are positive indicators for RIV Capital's financial health. The significant cash reserve supports future growth, and the upcoming merger with Cansortium could enhance market presence, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90