Canopy Rivers

Canopy Rivers (TSXV: RIV) is doubling down on hemp. On December 6, 2018, the company announced that it would increase its ownership stake in CanapaR Corp., the Canadian parent company of the Italy-based organic hemp production and processing platform, CanapaR SrL. Based in Sicily, CanapaR is focused on hemp-based CBD extraction and produces CBD oils and isolates. Canopy will increase its stake in CanapaR from 35% to 49.9%. Canopy plans to invest a total of $25 million in CanapaR, and so far has already committed $17.4 million.