Canopy Growth’s venture capital arm goes public

TORONTO — The venture capital arm of marijuana company Canopy Growth goes public on the TSX Venture exchange today amid a cannabis stock craze. Canopy Rivers, a subsidiary which pursues investment opportunities in the marijuana sector, will be traded under the ticker symbol, “RIV” via a reverse-takeover of AIM2. Its investment portfolio includes licensed producer Agripharm and Solo Growth, a retail cannabis distributor. Canopy Growth’s chief executive Canopy Rivers, Bruce Linton, says the subsidiary allows the Smiths Falls, Ont.-based cannabis company to grow its lead in the industry. The listing comes one day after shares of Nanaimo, B.C.-based Tilray went on a wild ride, surging more than 90 per cent then briefly dropping into negative territory and rebounding to close up roughly 38 per cent, at more than US$214.