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

11.73

Mkt cap

252M

Volume

61K

High

11.75

P/E Ratio

5.82

52-wk high

12.96

Low

11.72

Div yield

0.13

52-wk low

11.20

RIV Capital Inc. reported a 111% increase in Q2 2024 revenue, driven by its expansion in New York. The company is preparing for a merger with Cansortium Inc., which will create a multi-state cannabis operator covering 25% of the U.S. population. Despite the revenue surge, RIV Capital reported a net loss of $8.3 million for the quarter.

Portfolio Pulse from Jelena Martinovic

August 28, 2024 | 2:14 pm

High Tide, POSaBIT, and RIV Capital are set to release their earnings reports, with each company showing signs of growth and strategic expansion in the cannabis industry. High Tide is expanding its retail presence and loyalty program, POSaBIT is overcoming payment challenges and aiming for profitability, and RIV Capital is progressing with its merger with Cansortium.

Portfolio Pulse from Jelena Martinovic

August 22, 2024 | 5:23 pm

On August 12, 2024, several cannabis stocks experienced significant price movements. Greenlane Holdings (NASDAQ:GNLN) saw a massive increase of 316.84%, closing at $11.50. Other notable gainers included Psychemedics (NASDAQ:PMD) and Genetic Technologies (NASDAQ:GENE). On the losing side, Global Hemp Group (OTC:GBHPF) dropped 53.79%, and cbdMD (AMEX:YCBD) fell 17.18%.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 8:30 pm

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

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