I found you a Rising Three Methods Candle Pattern on the daily chart of RIV Capital Inc. $CNPOF #CNPOF #bullish #pink #tradingsignals #technicalanalysis
$CNPOF 🤝 $SMG merger?
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Scotts also has a stake in New York-based RIV Capital Inc. (CSE: RIV) (OTC: CNPOF), which is apparently in the late stages of a merger with another industry player.
Though he couldn’t disclose details yet, Hagedorn said, “a deal is in the works.”
“When completed, this business combination would be a transformative moment in our long-term investment strategy in this space. It would reflect movement toward what we intended with RIV, to invest in and help build a multistate cultivation and retail powerhouse, providing the best cannabis brands. The combined entity would have cultivation and dispenser operations in the most populous states with limited licenses for legalized medical, adult use, or both. As part of this transaction, we anticipate the convertible note that we now have with RIV to convert to exchangeable shares in the combined business.”
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https://www.greenmarketreport.com/potential-riv-capital-merger-gives-scotts-miracle-gro-renewed-optimism/
$CNPOF RIV Capital Completes Expansion of New York Cultivation and Production Operations
https://www.stocktitan.net/news/CNPOF/riv-capital-completes-expansion-of-new-york-cultivation-and-bhvwqz1y4ame.html
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Valuation
Trading at 1.3× sales vs its 7.3× historical median P/S.
Fair value ≈ $0.43 · price $0.08 today
Undervalued · 81% below
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Fair-value line = the stock's median historical P/S × sales per share. Price below the orange line = cheap vs its own history; above = expensive. Not investment advice.
