Separately, Pi Financial set a C$10.00 price objective on Canopy Rivers and gave the stock a buy rating in a research note on Monday.
Shares of CVE RIV opened at C$5.84 on Tuesday. Canopy Rivers has a 1-year low of C$0.12 and a 1-year high of C$11.82.
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers works collaboratively with Canopy Growth (TSX:WEED, NYSE: CGC) to identify strategic counterparties seeking financial and/or operating support and affiliation with the Canopy Growth group of companies.
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