RiverNorth Opportunities Fund (RIV) Stock

Company reports record quarterly revenue of $4.9 million Adjusted EBITDA1 loss improves; net loss primarily driven by non-cash pre-tax impairment charge on intangible assets Ended the quarter with $50.7 million of cash to support growth initiatives in New York and Florida Cansortium Business Combination anticipated to close in the coming weeks TORONTO , Nov. 29, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), a firm dedicated to developing a leading multi-state platform with a strong portfolio of cannabis brands focused on key strategic markets in the United States ("U.S."), today released its financial results for the third quarter ended September 30, 2024 ("Q3 2024"). All financial information in this press release is reported in U.S. dollars unless otherwise indicated.

The RiverNorth Opportunities Fund offers a high yield of 12.30%, appealing to income-focused investors, but its high expenses and poor historical performance may be concerning. The fund primarily invests in closed-end funds, business development companies, and SPACs, aiming to profit from price inefficiencies and leverage. The fund reduced its allocation to closed-end funds and went to cash in the third quarter for some reason. This may be due to compressed discounts in the asset class.

Strategic Partnership Poised to Boost Market Penetration and Streamline Operations, Accelerating RIV Capital's Growth in New York's Thriving Market TORONTO , Oct. 16, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform, today announced a distribution partnership agreement with Siban Holdings, Inc. ("Nabis") (the "Agreement"), a leading wholesale platform in the cannabis industry. Under the terms of the Agreement, Nabis's technology and expertise will facilitate distribution for the Company's branded products to licensed retailers across New York state.

Transaction expected to close in the fourth quarter of 2024  TORONTO , Oct. 10, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform, and Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansortium"), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand,  today announced that they have received New York Cannabis Control Board  approval for their previously announced business combination (the "Business Combination"). "We are thrilled to have received regulatory approval in New York to move forward with our business combination transaction, bringing us closer to completing this important step for both of our companies in the fourth quarter of 2024," said Robert Beasley, Chief Executive Officer of Cansortium.

TORONTO , Oct. 8, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform, is pleased to announce that Etain has commenced co-located adult-use sales at its existing medical dispensary located at 445 NY-28, Kingston, New York. The opening follows the Company's recent launch of adult-use sales at its Etain Manhattan location, as well as the New York debut of the MOODS line of branded cannabis products.

Flavorful, experience-enhancing cannabis brand now available at Etain dispensaries in NY and the wholesale market TORONTO , Oct. 3, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, and Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansortium"), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, today announced that the MOODS cannabis brand ("MOODS") is now available in New York. The carefully formulated line of cannabis products is now available at the Company's Etain branded dispensaries, with additional third-party dispensary locations expected as wholesale sales have commenced.

TORONTO , Oct. 1, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, announced today that Mike Totzke, Interim Chief Executive Officer and Chief Operating Officer, has resigned from the company, effective October 1 st, 2024. The Board of Directors has appointed its current Chief Retail Officer, David E Vautrin, as Interim Chief Executive Officer.

Etain commenced adult-use sales at midtown Manhattan dispensary in September NEW YORK , Sept. 25, 2024 /PRNewswire/ - RIV Capital Inc. ("RIV Capital" or the "Company") (CSE: RIV) (OTC: CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, is pleased to announce that Etain has launched adult-use sales at its dispensary in Manhattan.

RIV Capital Inc. reported a narrower loss and more than double its quarterly revenue on Wednesday as the cannabis company looked to scale up its Etain dispensaries in New York.