RIV Capital Announces Shareholder Approval of Business Combination with Cansortium and Cansortium Announces Shareholder Approval of the Amendment Proposal

TORONTO, Aug. 27, 2024 /CNW/ - RIV Capital Inc. ("RIV Capital") (CNSX:RIV.CN) (OTC:CNPOF), an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of brands in key strategic U.S. markets, is pleased to announce that holders ("RIV Shareholders") of Class A common shares ("RIV Shares") of RIV Capital voted in favor of a special resolution (the "Arrangement Resolution") to approve the previously announced proposed business combination (the "Business Combination") with Cansortium Inc. (CNSX:TIUM-U.CN) (OTC-BB:CNTMF) ("Cansortium"), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, at the Annual General and Special Meeting of RIV Shareholders (the "RIV Meeting") held earlier today.