Streetbeat News

RIV

RiverNorth Opportunities Fund, Inc.

http://www.rivernorth.com/riv

Industry

Asset Management

RiverNorth Opportunities Fund, Inc. was founded in 2015 and is headquartered in Chicago, Illinois.

Open

12.60

Mkt cap

271M

Volume

94K

High

12.65

P/E Ratio

6.24

52-wk high

12.96

Low

12.55

Div yield

0.12

52-wk low

10.30

The article highlights recent executive changes in the cannabis industry, including board elections and new appointments at several companies. Notable changes include new board members at Auxly Cannabis Group, iAnthus Capital Holdings, MediPharm Labs, and Glass House Brands. Additionally, Sandy Li joins Viridian Capital Advisors' advisory board, Lowell Farms' CFO resigns, and RIV Capital and Cansortium appoint a new chief retail officer ahead of their merger.

Portfolio Pulse from Jelena Martinovic

July 03, 2024 | 5:08 pm

RIV Capital Inc. reported a year-over-year increase in Q1 revenue and gross profit, ahead of its merger with Cansortium Inc. The combined company will operate in four states, covering 25% of the U.S. population. Despite the revenue growth, the company reported an operating loss and a net loss for the quarter.

Portfolio Pulse from Jelena Martinovic

May 31, 2024 | 3:30 pm

Marijuana stocks saw significant movement on April 17, 2024, with notable gainers including Green Growth Brands and Elixinol Wellness, and losers like Khiron Life Sciences and Item 9 Labs. The movements reflect volatility in the cannabis sector, impacting companies listed on both OTC and major exchanges like NASDAQ and NYSE.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 8:30 pm

The article reports on the significant gainers and losers among cannabis stocks for April 16, 2024. Notable gainers include Global Hemp Group, Heritage Cannabis Holding, and Indiva, with increases of 66.67%, 28.57%, and 24.32% respectively. On the losing end, Item 9 Labs, Zoned Props, and Greenlane Holdings saw declines of 33.33%, 18.33%, and 12.44%. The article highlights the volatility in the cannabis sector, with several companies experiencing notable changes in their stock prices.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 8:30 pm

Marijuana stocks experienced a bearish Monday, with notable movements among both gainers and losers. Target Group, Greenlane Holdings, and Mexco Energy were among the top gainers, while AusCann Group Holdings led the losers with a significant drop. The market saw a wide range of performance, highlighting the volatility within the cannabis sector.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 8:30 pm

Rivernorth Opps Fund (NYSE:RIV) announced a monthly dividend of 12.89 cents per share, with the ex-dividend date set for Friday. Shareholders owning RIV by the end of Thursday's session will be eligible for the dividend, which will be paid on January 31, 2024. The stock is expected to open 12.89 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 2:45 pm

The Cannabist Company Holdings Inc. and RIV Capital Inc. have received approval from the New York Office of Cannabis Management for adult-use cannabis operations. The Cannabist will begin wholesale distribution immediately and plans to open its first retail location in NYC. RIV Capital's Etain, LLC will transition to an adult-use operator and anticipates opening its first co-located MMJ and adult-use retail dispensary in early 2024. Other companies like Acreage Holdings Inc. and Cresco Labs have also been permitted to sell adult-use cannabis in New York.

Portfolio Pulse from Jelena Martinovic

December 11, 2023 | 3:32 pm

The article reports on the significant price movements of various cannabis-related stocks on November 14, 2023. It lists the gainers and losers, with notable increases in stocks such as Global Hemp Group, Elixinol Wellness, and Village Farms Intl, and significant decreases in stocks like Affinor Growers and Rocky Mountain High. The article was generated by Benzinga's automated content engine and reviewed by an editor.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on November 8, 2023. Notable gainers include EVIO, Psychemedics, 4Front Ventures, and Corbus Pharmaceuticals. On the other hand, significant losers include Item 9 Labs, CNBX Pharmaceuticals, Kaya Holdings, and Auxly Cannabis Group.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on October 19, 2023. Notable gainers include EVIO, Choom Holdings, MJ Holdings, CLS Holdings USA, Corbus Pharmaceuticals, and Greenlane Hldgs. Significant losers include Target Group, Body and Mind, Elixinol Wellness, Kaya Holdings, Pharmadrug, and Canopy Gwth.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 9:30 pm

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