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Riv Capital’s CEO leaves ahead of Cansortium merger (19459000)

David Vautrin is the interim CEO of Riv Capital.

As you can see, Riv Capital Inc. (CSE: CNPOF), a company listed on the Toronto Stock Exchange (OTC: RIV), is preparing for its upcoming IPO. Cansortium mergerThe company’s current Chief Executive Officer is departing. Interim Chief Operating Officer and Chief Executive Officer Mike Totzke The company has resigned, effective immediately October 1st, 2024. The Board of Directors appointed David E Vautrin, its current Chief Retail officer, Interim Chief executive Officer.

“It’s been a privilege to lead RIV capital,” said Mike Totzke. “I am extremely proud of all we have achieved as a team and I am confident RIV Capital will continue to grow under David E Vautrin’s Interim CEO. Dave is one of my most effective executive operators in the industry. Dave’s leadership, and our merger with CansortiumIt’s the perfect time for me to take my next opportunity.”

The company stated in a press release that Totzke Has led RIV Capital since two and a quarter years. He has achieved expanded cultivation and manufacturing operations at its Chestertown facility. He also converted the market to adult-use and opened its first three adult retail stores.

“I am excited to grow my responsibilities and leverage my prior experiences in building The Travel Agency multi-store cannabis group, in NYC, as well as my successful tenure in starting up Cannaroyalty in Toronto (later renamed Origin House). California Vautrin said that he would be focusing on the sale of Cresco and its optimization. “In my new position, I will continue to be laser-focused on optimising the business, driving top-line revenue, and working closely with the executive team at Cansortium, as we prepare for our merger.”

As it happens, Etain opened The second co-located dispensary, located at 242 East 58th Street in Manhattan, was opened last week. Vautrin said that the new store is sTocked with hundreds high-quality cannabis products including the MOODS brand, which is a direct import from Florida consisting of twelve branded product SKUs. New York The facility features the innovative and popular MOODS mini.

Debra Borchardt

Debra Borchardt, Co-Founder and Executive Editor at GMR. She covered the cannabis sector for several years, at Forbes Seeking Alpha and TheStreet. Debra was Vice President at Bear Stearns, where she held the Series 7 and Registered investment advisor licenses. Debra holds a Master’s in Business Journalism from New York University.

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