Streetbeat News

CNPOF

RIV Capital Inc

Industry

Securities and Commodity Exchanges

Open

0.07

Mkt cap

11M

Volume

10K

High

0.08

P/E Ratio

-0.24

52-wk high

0.17

Low

0.07

Div yield

N/A

52-wk low

0.06

The article reports on the stock movements of various marijuana-related companies for May 30, 2024. Notable gainers include RIV Capital, Cansortium, Heritage Cannabis Holding, and Eastside Distilling. Significant losers include Affinor Growers, 1933 Industries, CLS Holdings USA, and 22nd Century Group.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 8:30 pm

Cansortium Inc. (OTC:CNTMF) and RIV Capital Inc. (OTC:CNPOF) announced a merger to operate in Florida, New York, Texas, and Pennsylvania, covering 25% of the U.S. population. Supported by ScottsMiracle-Gro (NYSE:SMG), the merger will eliminate $175 million in debt and is expected to generate $5-10 million in annual cost synergies. The combined company will have a pro forma cash balance of $74 million as of March 31, 2024, and will operate under the Cansortium name.

Portfolio Pulse from Nicolás Jose Rodriguez

May 30, 2024 | 6:21 pm

The article reports on the stock movements of various marijuana-related companies for May 29, 2024. Notable gainers include Global Hemp Group (OTC:GBHPF) with a 218.18% increase and Urban-gro (NASDAQ:UGRO) with a 9.98% increase. Significant losers include The Flowr (OTC:FLWPF) with a 50.00% decrease and Genetic Technologies (NASDAQ:GENE) with a 15.35% decrease.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 8:30 pm

The article reports on the performance of various cannabis stocks on May 28, 2024. Notable gainers include Heritage Cannabis Holding, Global Compliance, and Urban-gro, while significant losers include Target Group, Elixinol Wellness, and Canopy Growth.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 8:30 pm

The article reports on the performance of various cannabis stocks on May 16, 2024, highlighting significant gainers and losers. Notable gainers include Flower One Holdings, Cannabix Technologies, and Greenlane Holdings, while MJ Holdings and Maple Leaf Green World were among the biggest losers.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 8:30 pm

The article reports on the significant gainers and losers among cannabis stocks on May 14, 2024, highlighting companies that saw notable increases or decreases in their share prices.

Portfolio Pulse from Benzinga Insights

May 14, 2024 | 8:30 pm

Cannabis stocks experienced significant movements on May 9, 2024, with notable gainers including Global Hemp Group, MJ Holdings, and SOL Global Investments, among others. Conversely, Auxly Cannabis Group led the losers, followed by Elixinol Wellness and CordovaCann. The movements reflect the volatile nature of the cannabis market, with companies like Canopy Growth, Cronos Group, and Aurora Cannabis also seeing gains.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 8:30 pm

Marijuana stocks experienced significant movements on May 7, 2024, with notable gainers including Kaya Holdings, Elixinol Wellness, and CV Sciences, among others. Conversely, several companies faced declines, such as Target Group, Global Compliance, and SOL Global Investments. Notable NASDAQ and NYSE listed companies like Psychemedics, Urban-gro, cbdMD, Eastside Distilling, Canopy Growth, Tilray Brands, and Scotts Miracle-Gro also saw varied stock performance.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 8:30 pm

Cannabis stocks experienced significant movements on May 3, 2024, with notable gainers including Global Compliance, SOL Glb Inv, and CV Sciences, among others. Conversely, Target Group led the losers, followed by Maple Leaf Green World and Elixinol Wellness. The movements reflect the volatile nature of the cannabis market.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 8:30 pm

Scotts Miracle-Gro (NYSE:SMG) reported Q2 fiscal 2024 sales of $1.53 billion, consistent with the previous year, despite a 28% decline in sales from its Hawthorne Gardening subsidiary, which focuses on cannabis cultivation supplies. The company is in talks for a potential merger with RIV Capital (OTC:CNPOF), aiming for a transformative impact on its long-term investment strategy. Scotts Miracle-Gro has made significant operational improvements, including a leaner organization and a focus on high-margin proprietary brands, leading to a net income increase to $157.5 million from $109.4 million year-over-year.

Portfolio Pulse from Nina Zdinjak

May 02, 2024 | 1:19 pm

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