TORONTO

,

Jan. 27, 2021

/PRNewswire/ – Canopy Rivers Inc. (”

Canopy Rivers

” or the ”

Company

“) (TSX: RIV) (OTC: CNPOF) will report its third quarter fiscal year 2021 financial results before markets open on

February 10, 2021

. The Company’s unaudited condensed interim consolidated financial statements and management’s discussion and analysis of financial results for the three and nine months ended

December 31, 2020

will be available on the Company’s profile on the System for Electronic Document Analysis and Retrieval (”

SEDAR

“) at

www.sedar.com

and on the Company’s website at


www.canopyrivers.com/investors


.

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

February 9, 2021

.

Following the release of its third quarter fiscal year 2021 financial results, Canopy Rivers will host a conference call and audio webcast with Narbe Alexandrian, President and CEO,

Eddie Lucarelli

, CFO, and

Matt Mundy

, Chief Strategy Officer and General Counsel, at

9 AM Eastern Time

on

February 10, 2021

.

Webcast


A live audio webcast will be available at the below address:


https://produceredition.webcasts.com/starthere.jsp?ei=1420788&tp_key=9086023c9b


.

Telephone


North American toll free dial-in: 1-888-390-0546

Confirmation #: 18291365

Replay Options


A replay of call will be accessible until

February 17, 2021

.

Replay dial-in: 1-888-390-0541

Replay entry code: 291365 #

About Canopy Rivers




Canopy Rivers


is a venture capital firm specializing in cannabis with a portfolio of 17 companies across various segments of the cannabis value chain. We believe that bringing together people, capital, and ideas raises the potential of the entire cannabis industry. By leveraging our industry insights, in-house expertise, and thesis-driven approach to investing, we aim to provide shareholders with exposure to specialized and disruptive cannabis companies. Our mission is to invest in innovators across the cannabis value chain, help them grow, and ultimately create value by guiding these companies towards a monetization event. Together with our portfolio, we are helping build the cannabis industry of tomorrow, today.

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 Canopy Rivers with respect to future business activities and operating performance. 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 and the Company’s earnings call.

Investors are cautioned that forward-looking information is not based on historical fact 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 Canopy Rivers 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 Canopy Rivers. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: regulatory and licensing risks; changes in cannabis industry growth and trends; changes in general economic, business and political conditions, including challenging global financial conditions and the impact of the novel coronavirus pandemic; potential conflicts of interest; the regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; risks associated with the termination, renegotiation and enforcement of material contracts; credit, liquidity and additional financing risks; changes in applicable laws; compliance with extensive government regulation, including Canopy Rivers’ interpretation of such regulation; public opinion and perception of the cannabis industry; divestiture risks; competition risks; and the risk factors set out in Canopy Rivers’ annual information form dated

June 2, 2020

, filed with the 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 Canopy Rivers has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Canopy Rivers does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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SOURCE Canopy Rivers Inc.