TORONTO, June 19, 2019 /CNW/ - Canopy Rivers Inc. (the
"Company") (TSXV: RIV) (OTC: CNPOF) will report its
financial results for the fourth quarter and fiscal year ended
March 31, 2019 before markets open on
Tuesday, July 16, 2019. The Company's
audited consolidated financial statements and Management's
Discussion and Analysis for the three and twelve months ended
March 31, 2019 will be available on
the Company's profile on SEDAR at www.sedar.com and in the
Investors section of the Company's website at
www.canopyrivers.com.
Certain preliminary financial information pertaining to the
Company may also be found in the financial results released by
Canopy Growth Corporation (TSX: WEED, NYSE: CGC), which are
currently scheduled to be released on June
20, 2019. All financial information with respect to the
quarter and year ended March 31, 2019
pertaining to the Company in the financial results of Canopy Growth
Corporation are preliminary and are subject to change and
adjustment as the Company prepares its audited consolidated
financial statements for the quarter and fiscal year ended
March 31, 2019. Accordingly,
investors are cautioned not to place undue reliance on the
preliminary financial information. The preliminary financial
results constitute "forward-looking information" within the meaning
of applicable Canadian securities laws and are subject to a number
of risks and uncertainties. Actual results may differ materially.
See "Forward-looking
Statements".
About Canopy Rivers Inc.
The Company is a unique investment and operating platform
structured to pursue investment opportunities in the emerging
global cannabis sector. The Company works collaboratively with
Canopy Growth Corporation (TSX: WEED, NYSE: CGC) to identify
strategic counterparties seeking financial and/or operating
support. The Company has developed an investment ecosystem of
complementary cannabis operating companies that represent various
segments of the value chain across the emerging cannabis sector. As
the portfolio continues to develop, constituents will be provided
with opportunities to work with Canopy Growth Corporation and
collaborate among themselves, which the Company believes will
maximize value for its shareholders and foster an environment of
innovation, synergy and value creation for the entire
ecosystem.
Forward-Looking Statements
This news release contains statements which constitute
"forward-looking information" within the meaning of applicable
securities laws, including statements regarding the plans,
intentions, beliefs and current expectations of the Company with
respect to future business activities and operating performance. To
the extent any forward-looking information referred to in this news
release constitutes "financial outlooks" within the meaning of
applicable Canadian securities laws, such information is
preliminary financial results for the quarter and year ended
March 31, 2019 and the reader is
cautioned that this information may not be appropriate for any
other purpose and the reader should not place undue reliance on
such financial outlooks. Forward-looking information is often
identified by the words "may", "would", "could", "should", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect" or
similar expressions and includes information regarding the
timing and availability of the financial results of the Company and
Canopy Growth Corporation.
Investors are cautioned that forward-looking information
is not based on historical facts but instead reflects
management's expectations, estimates or projections concerning
future results or events based on the opinions, assumptions
and estimates of management considered reasonable at the date the
statements are made. Although the
Company believes that the expectations reflected in
such forward-looking information are reasonable, such information
involves risks and uncertainties, and undue reliance should not be
placed on such information, as unknown or unpredictable factors
could have material adverse effects on future results, performance
or achievements of the Company. Financial
outlooks, as with forward-looking information generally, are,
without limitation, based on the assumptions and subject to various
risks as set out herein. The Company's actual financial position
and results of operations may differ materially from current
expectations. Among the key factors that could cause
actual results to differ materially from those projected in the
forward-looking information are the following: the
preliminary financial results are subject to the completion of the
Company's financial closing procedures and have not been audited or
reviewed by the Company's independent registered public accounting
firm; changes in the timing and availability of financial results;
regulatory and licensing risks; changes in general economic,
business and political conditions, including changes in the
financial markets; potential conflicts of interest; the Canadian
regulatory landscape and enforcement related to cannabis, including
political risks and risks relating to regulatory change; changes in
applicable laws; compliance with extensive government regulation;
public opinion and perception of the cannabis industry; and
the risk factors set out in Canopy Rivers' final short form
prospectus dated February 21, 2019,
filed with Canadian securities regulators and available on Canopy
Rivers' profile on SEDAR at www.sedar.com.
Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
information prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated,
believed, estimated or expected. Although the Company has attempted
to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended. The
Company does not intend, and does not assume any obligation, to
update this forward-looking information except as otherwise
required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
www.canopyrivers.com
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SOURCE Canopy Rivers Inc.