Scotts Miracle-Gro-backed RIV Capital buying New York cannabis company Etain
The Scotts Miracle-Gro Co. -backed RIV Capital Inc. said Wednesday it agreed to pay about $247 million to acquire Etain LLC and Etain IP LLC, the New York cannabis market's only women-owned and operated business and one of 10 approved vertically integrated operators in the state. RIV Capital is backed by $150 million in debt from The Hawthorne Collective Inc., the cannabis unit of Scotts Miracle-Gro. RIV Capital also named Mark Sims as its CEO to "lead the company's formal entry into the U.S. Читать дальше...